Firm profile

Tages Capital LLP

LONDON, United KingdomCRD 337285Registration Status: ApprovedEffective since August 4, 2025SEC # 801-134112Latest ADV March 30, 2026

Tages Capital Llp is an SEC registered investment adviser organized as a limited liability partnership with a primary office location in London, United Kingdom. Its latest Form ADV filing, dated March 30, 2026, reports $3.9B in regulatory assets under management, 40 employees, 2 offices, and 29 accounts.

Assets Under Management
$3.9B
Employees
40
Offices
2 offices
Total Clients
28

Associated firm names

2 names listed
  • INVESTCORP-TAGES
  • TAGES CAPITAL LLP

Leadership

3 roles identified
CCOIra N. Asthana
CFORichard M. Silver
COORichard M. Silver

Advisory services offered

2 types reported
Portfolio management for businesses
Portfolio management for pooled investment vehicles

Fee models offered

2 types reported
Asset based fees
Performance-based fees

Offices & Contact

Primary office

LONDON, United Kingdom

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

United Kingdom

LONDONPrimary office

Italy

MILAN

2 office records listed · 2 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$3.9Bas of March 30, 2026
Discretionary74.8%
$2.9B
75% of total RAUM74.8%
Non-discretionary25.2%
$972M
25% of total RAUM25.2%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 100.0% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
100.0%
28
Categories with <5 clients
Corporations or other businesses not listed above<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$3.9B
Total Accounts29
10Y AUM Change+$25M (+0.7%)

Private Funds

Private funds reported by Tages Capital LLP

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees40
Clients per Employee1:1
10Y Employee Change+11 (+37.9%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
INVESTCORP-TAGES LIMITEDDirect owner · Schedule AInterest in TAGES CAPITAL LLP
75%+
Salvatore NMN CordaroDirect owner · Schedule AInterest in TAGES CAPITAL LLP
< 5%
INVESTCORP HOLDINGS LIMITEDIndirect owner · Schedule BInterest in INVESTCORP S.A.
75%+
CP HOLDINGS LIMITEDIndirect owner · Schedule BInterest in INVESTCORP HOLDINGS LIMITED
75%+
SIPCO LIMITEDIndirect owner · Schedule BInterest in CP HOLDINGS LIMITED
75%+
IESIP HOLDINGS LTDIndirect owner · Schedule BInterest in IESIP INVESTMENTS SPC LTD
75%+
SIPCO HOLDINGS LTDIndirect owner · Schedule BInterest in IESIP HOLDINGS LTD
75%+
INVESTCORP S.A.Indirect owner · Schedule BInterest in INVESTCORP-TAGES LIMITED
50% to < 75%
TAGES ALTERNATIVE SOLUTIONS S.P.AIndirect owner · Schedule BInterest in INVESTCORP-TAGES LIMITED
50% to < 75%
PANFILO NMN TARANTELLIIndirect owner · Schedule BInterest in TAGES ALTERNATIVE SOLUTIONS S.P.A
25% to < 50%
IESIP INVESTMENTS SPC LTDIndirect owner · Schedule BInterest in SIPCO LIMITED
25% to < 50%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Tages Capital LLP.

Reported ownership and control details

Form ADV · Filing date 2026-03-30 · Schedules A and B

13 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1IRA NMN ASTHANACHIEF COMPLIANCE OFFICERIndividualTAGES CAPITAL LLPLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER07/2024Schedule APDF page 34
2Richard Michael SilverCHIEF FINANCIAL OFFICER / CHIEF OPERATING OFFICERIndividualTAGES CAPITAL LLPLess than 5%Code NAYesCHIEF FINANCIAL OFFICER / CHIEF OPERATING OFFICER01/2012Schedule APDF page 34
3INVESTCORP-TAGES LIMITEDSHAREHOLDERForeign entityTAGES CAPITAL LLP75% or moreCode EYesSHAREHOLDER04/2020Schedule APDF page 34
4Salvatore NMN CordaroPARTNERIndividualTAGES CAPITAL LLPLess than 5%Code NAYesPARTNER01/2012Schedule APDF page 34
5INVESTCORP S.A.SHAREHOLDERDomestic entityINVESTCORP-TAGES LIMITED50% to less than 75%Code DYesSHAREHOLDER04/2020Schedule BPDF page 35
6TAGES ALTERNATIVE SOLUTIONS S.P.ASHAREHOLDERDomestic entityINVESTCORP-TAGES LIMITED50% to less than 75%Code DYesSHAREHOLDER11/2023Schedule BPDF page 35
7PANFILO NMN TARANTELLISHAREHOLDERIndividualTAGES ALTERNATIVE SOLUTIONS S.P.A25% to less than 50%Code CYesSHAREHOLDER11/2023Schedule BPDF page 35
8INVESTCORP HOLDINGS LIMITEDSHAREHOLDERForeign entityINVESTCORP S.A.75% or moreCode EYesSHAREHOLDER08/2005Schedule BPDF page 35
9CP HOLDINGS LIMITEDSHAREHOLDERForeign entityINVESTCORP HOLDINGS LIMITED75% or moreCode EYesSHAREHOLDER08/2005Schedule BPDF page 35
10SIPCO LIMITEDSHAREHOLDERForeign entityCP HOLDINGS LIMITED75% or moreCode EYesSHAREHOLDER08/2005Schedule BPDF page 35
11IESIP INVESTMENTS SPC LTDSHAREHOLDERForeign entitySIPCO LIMITED25% to less than 50%Code CYesSHAREHOLDER12/2020Schedule BPDF page 35
12IESIP HOLDINGS LTDSHAREHOLDERForeign entityIESIP INVESTMENTS SPC LTD75% or moreCode EYesSHAREHOLDER12/2020Schedule BPDF page 35
13SIPCO HOLDINGS LTDSHAREHOLDERForeign entityIESIP HOLDINGS LTD75% or moreCode EYesSHAREHOLDER06/2023Schedule BPDF page 35

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 3/30/2026 1:28:22 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.