- S&P 500 7,659.44 −1.09%
- Dow Jones 52,002.41 −0.34%
- Nasdaq 26,713.03 +0.08%
- VIX 19.99 +21.45%
- 10-year Treasury 5.09% −0.01
- Dollar index 121.40 −0.14%
- WTI crude $101.91 +1.04%
Pag: investment adviser
Pag is an investment adviser registered with the SEC (file 802-75212, CRD 161814). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- –
- Discretionary
- –
- Accounts
- –
- Employees
- –
- In advisory roles
- –
- Disclosures
- 3
SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Weijian Shan | Person | Director 07/2010 and chairman 10/2010 and shareholder 03/2011 (PAG) | C 25% to 50% | Jul 2010 | Yes | |
| Castle Road Holdings Limited | Company (outside the U.S.) | Shareholder (PAG) | B 10% to 25% | Sep 2011 | ||
| Pegasus Holdings Master Sub L.P. | Company (U.S.) | Shareholder (PAG) | B 10% to 25% | Mar 2018 | ||
| Pe Incentive Limited | Company (outside the U.S.) | Shareholder (PAG) | A 5% to 10% | Dec 2022 |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Derek Roy Crane | Pe Incentive | Person | E 75% or more | Yes | |
| Praxis Trust (Bvi) Limited | Castle Road | Company (outside the U.S.) | E 75% or more | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?
- Has any self-regulatory organization or commodities exchange ever: disciplined you or any advisory affiliate by expelling or suspending you or the advisory affiliate from membership, barring or suspending you or the advisory affiliate from association with other members, or otherwise restricting your or the advisory affiliate's activities?
Actions about affiliates (2)
- Nov 3, 2016Regulatory Action FinalAbout an affiliate: Pacific Alliance; the full record is on the affiliate's own Form ADVResolved Nov 3, 2016 · Decision
Refer to advisory affiliate's DRP.
- Mar 15, 2016Regulatory Action: Refer to Advisory Affiliate's DRP. FinalAbout an affiliate: Pacific Alliance; the full record is on the affiliate's own Form ADVSanctions: Other; Refer to Advisory Affiliate's DRP. · Resolved Mar 15, 2016 · Decision
Refer to Advisory Affiliate's DRP.
Disclosures filed elsewhere
The firm's Form ADV names these and the kind of action only; the details are on the named firm's own filing.
- 1 regulatory action disclosure about Pacific Alliance
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.