Form PF
Form PF is the confidential reporting form that SEC-registered investment advisers to private funds file about the funds they manage. Reporting frequency and depth scale with the adviser's private fund assets under management, so a smaller private fund adviser files far less, and far less often, than a large hedge fund adviser.
Caddi AI agents assemble fund data across administrators and reconcile it against investor reporting. Free to try.
- Who handles it
- SEC-registered investment advisers that advise private funds and meet the private fund assets under management threshold.
- Filed through
- PFRD
- Applies to
- SEC-registered RIA, Private fund adviser
What the form asks for
- Section 1 — identifying information and aggregate private fund data
- Section 2 — additional detail required of large hedge fund advisers
- Section 3 — large liquidity fund adviser reporting
- Section 4 — large private equity adviser reporting
- Event-driven reporting where applicable
The work behind the filing
Assemble fund-level data across administrators
Form PF pulls from fund administrators, the portfolio system, and the firm's own records, and the reporting categories rarely match how any of those systems organize data. Caddi can gather and normalize the inputs on the reporting cycle rather than by email thread.
Monitor the threshold that sets your category
Which sections apply, and how often you file, depends on assets that move during the year. Firms discover they crossed a threshold after the fact. Caddi can track the measure continuously and flag the approach.
Reconcile against what you told investors
The figures reported on Form PF should be consistent with investor reporting for the same period. Caddi can reconcile the two and surface differences before they are filed rather than after.
Want help automating the filing and filling of these forms?
- Caddi fills the form with data pulled from Allvue, Juniper Square, Chronograph, and Addepar.
- It checks every field against the client record and the last filing, then hands your team a finished form to sign off and submit.
Get an email the day Form PF changes
We check the SEC, FINRA, NASAA, and IRS forms, plus the custodian forms that are public, through the day. When a new version is published, you hear about it that day, with a link to the new file.
FAQs
5
What is Form PF?
Form PF is the confidential reporting form SEC-registered private fund advisers file about the private funds they manage. Reporting depth and frequency scale with private fund assets under management.
Why is Form PF more work than Form ADV?
Because it reports at the fund level, in far more detail, and most of the inputs come from the fund administrator rather than from anything the firm holds directly. Assembling a filing means chasing, normalising, and reconciling data across the administrator, the portfolio system, and the firm's own records.
Where does Form PF data actually come from?
Mostly from the fund administrator, plus the portfolio accounting system and the firm's own fund records. The recurring problem is that the same figure arrives in different shapes from different sources, so someone has to reconcile them before anything can be reported.
Is Form PF public?
No. Form PF is filed confidentially and is not part of the public disclosure record the way Form ADV is.
Does Caddi file this form for me?
No. Caddi does not submit filings to IARD, FINRA Gateway, EDGAR, or any regulator, and it is not a substitute for your compliance program or your CCO. Caddi automates the work around the filing: gathering the underlying data out of your portfolio, CRM, and document systems, reconciling it against the prior filing, flagging what changed, and evidencing delivery. A human still reviews and files.
Related forms
This page describes what the form is and the work it creates. For requirements, deadlines, and whether any of it applies to your firm, see SEC — Form PF.