Private Credit Firms in London
22 private credit firms in London that file with the SEC: 21 say credit is their business and one other names it as one line among several. 17 are exempt reporting advisers, which file a shorter Form ADV with no regulatory assets figure, so private fund gross assets carry most of this list. The list runs A to Z. Of those that report regulatory assets, Cheyne Capital Management (UK) is the largest: $39.9 billion through Cheyne Capital Management (UK) LLP (filed ).
Arini Capital Management follows with $35.5 billion. The 5 advisers counted report $84.0 billion together, and half report less than $5.3 billion.
Updated . Rechecked quarterly; next check . Figures read , as filed to .
- $25BN and over90%2 firms
- $5BN to $10BN6%1 firm
- $1BN to $5BN3%1 firm
- Under $500MM1%1 firm
Latest Form ADV of each, filed Mar 2026 to Jul 2026. Read ; sources at the end of the page.
- Private credit firms listedList of November 2026; 21 are private credit managers and 1 is a multi-strategy alternative asset manager
- 22
- Combined assets5 counted; as filed to Jul 2026
- $84.0BN
- Median firmHalf of the 5 report less
- $5.3BN
One firm holds 48% of the assets
How the 5 firms counted spread by size: most are small, the dollars sit at the top.
Assets each reported in its latest filing; shares are of the $84.0BN combined, one row per firm. Read .
48%
of the assets reported sits with one firm, Cheyne Capital Management (UK). 1 of 5 reports under $1 billion.
- Private credit managers21
- Multi-strategy alternative asset manager1
Kind of each, from its own website and filings, checked November 2026.
- Private funds87%
- Other13%
- Funds (1940 Act)0%
- Businesses0%
- Government0%
Client types each adviser reports with its assets, latest filing; sums of filed figures.
From the filings
Other figures from these firms' filings: most private funds.
| Rank | Name | Figure |
|---|---|---|
| 1 | Cheyne Capital Management (UK) | 20Jun 2026 |
| 2 | Arini Capital Management | 19Jun 2026 |
| 3 | Pearl Diver Capital | 17Mar 2026 |
| 4 | Polus Capital Management | 15Mar 2026 |
| 5 | Astra Asset Management UK | 1Jul 2026 |
The list is public. The warm path is not. Schedule a conversation
All 22 private credit firms
A to Z, with each firm's regulatory assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.
Showing all 22 firms
The first 30 are shown here; find, a kind or a size shows every match.
No row matches. Clear the find field or choose All.
Assets are the regulatory assets in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals; hatched when an exempt adviser reports only its funds). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.
One firm holds 48% of the money
Five findings from the filings of the 5 firms counted.
- 48%
of the $84.0 billion the 5 firms counted report is one firm's: Cheyne Capital Management (UK). Without it, the other 4 report $44.1 billion.
Assets, latest Form ADV of each; sums of filed figures
- $5.3BN
is the median: half of the 5 report less, and 1 reports under $1 billion.
Assets, latest Form ADV of each
- 72
private funds are advised by the firms counted; Cheyne Capital Management (UK) advises the most, 20.
Private funds on each Form ADV (Schedule D); sums of filed figures
- $975MM
of US listed stocks reported by 1 firm counted for a 2026 quarter; the largest, Arini Capital Management, reported $975 million.
Quarterly listed stock reports (Form 13F), 2026
- 87%
of their assets is private funds money; the next largest client type is other, at 13%.
Client types each adviser reports with its assets; sums of filed figures
Questions
How many private credit firms are in London?
No one source counts them, and this page does not try to. It lists 22 London firms that file with the SEC and say on their own sites that credit is their business or a named strategy. A London manager with no SEC filing is not on it.
What are the largest private credit firms in London?
By the regulatory assets they report: Cheyne Capital Management (UK) $39.9 billion, Arini Capital Management $35.5 billion, Polus Capital Management $5.3 billion, Pearl Diver Capital $2.8 billion, Astra Asset Management UK $426 million. These are whole firm figures, not credit figures, and the list itself runs A to Z.
How much do private credit firms in London manage?
Of the 5 on this list that report regulatory assets, the median reports $5.3 billion; the largest reports $39.9 billion.
How do you start a relationship with private credit firms in London?
Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.
Sources and method
- Who is listed
- 22 private credit firms with a London main office that file Form ADV with the SEC (files of October 1, 2026), 5 as registered advisers and 17 as exempt reporting advisers, each identified from its own site. These are firms that file with the SEC: a London credit manager that raises no money from American investors need not file, and is not here, so this is not a count of credit managers in London.
- How the figures are counted
- Every total, share and median, the charts and the answers to the questions use one set: the 5 advisers that report regulatory assets in their latest SEC Form ADV, with a main office in London, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never counted.
- Our arithmetic
- The $84.0BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 17 firms with a figure outside it stay listed with the figure and the reason.
- Pins
- Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
- What we searched
- On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 22, 22 report on a current Form ADV, 3 file 13F reports (1 for a 2026 quarter with a value), 3 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
- Words
- Kinds and interests are each firm's own, from its website. No person names are shown.
| Figure | Source | Period, read |
|---|---|---|
| Assets, private funds, client types, main office, employees | SEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 22 advisers | Filings to 2026-10-01; read 2026-11-06 |
| Listed stocks | SEC EDGAR Form 13F, 3 filers | Latest quarter; read 2026-11-06 |
| Private offering notices of funds named for a firm | SEC EDGAR full text search, Form D and D/A | 2024-11-06 to 2026-11-06 |
| Kind, interests and website | Each firm's own website, as researched for this list | Checked 2026-11-06 |
| Logos | Each firm's own website; a monogram where none checks | Read 2026-11-06 |
Cite as: Praxis Rock Advisors, "Private Credit Firms in London," updated November 6, 2026, praxisrock.com/resources/investors/private-credit-firms-london