{
  "crd_number": 230788,
  "slug": "22nw-lp-seattle-wa-230788",
  "primary_business_name": "22NW, LP",
  "legal_name": "22NW, LP",
  "dbas": [
    "ENGLISH CAPITAL"
  ],
  "city": "Seattle",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "42660",
  "metro": {
    "cbsa_code": "42660",
    "common_name": "Seattle",
    "msa_name": "Seattle-Tacoma-Bellevue, WA",
    "path": "/advisors/wa/seattle"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-07-25",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-03-13",
  "carried_forward": false,
  "raum_total": 295587873.0,
  "raum_discretionary": 295587873.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 295587873.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "WA"
  ],
  "websites": [
    "https://englishcap.com",
    "https://linkedin.com/company/22-nw-lp/about"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/230788",
  "city_as_filed": "SEATTLE",
  "url": "https://advisorcensus.com/firm/22nw-lp-seattle-wa-230788",
  "display_name": "22NW, LP",
  "summary": "22NW, LP is an SEC-registered investment advisory firm in Seattle, WA, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 13, 2026.",
  "citation": "AdvisorCensus. 22NW, LP (CRD 230788): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is 22NW, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), 22NW, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does 22NW, LP charge?",
      "a": "Its Form ADV Part 2A brochure dated March 13, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is 22NW, LP located?",
      "a": "22NW, LP's principal office is in Seattle, WA, according to its Form ADV."
    },
    {
      "q": "Is 22NW, LP registered with the SEC or a state?",
      "a": "22NW, LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 230788."
    },
    {
      "q": "How much does 22NW, LP manage?",
      "a": "22NW, LP reports $295,587,873 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (100% discretionary)."
    },
    {
      "q": "How have 22NW, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for 22NW, LP: Regulatory assets under management: $294,373,548 in the October 2021 data and $295,587,873 in the October 2026 data, unchanged. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does 22NW, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Does 22NW, LP report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/230788"
    },
    {
      "q": "What changed in 22NW, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $261,149,617 to $295,587,873 (+13%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 294373548.0,
      "total_employees": 6,
      "filing_date": "2021-03-10"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 409613666.0,
      "total_employees": 7,
      "filing_date": "2022-03-02"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 355741004.0,
      "total_employees": 6,
      "filing_date": "2023-03-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 342665331.0,
      "total_employees": 6,
      "filing_date": "2024-05-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 261149617.0,
      "total_employees": 6,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 295587873.0,
      "total_employees": 6,
      "filing_date": "2026-03-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $261,149,617 to $295,587,873 (+13%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 13, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "1.5% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1.5% of assets a year"
        ],
        "quotes": [
          "With respect to the Fund, 22NW typically receives a quarterly asset-based management fee calculated as a percentage of each Investor’s capital account, payable quarterly in advance. The management fee is generally 1.5%."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 1.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "With respect to the Fund, 22NW typically receives a quarterly asset-based management fee calculated as a percentage of each Investor’s capital account, payable quarterly in advance. The management fee is generally 1.5%."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/22nw-lp-seattle-wa-230788.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 295587873.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/230788",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}