# 22NW, LP

> 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.

- CRD: 230788
- Also doing business as: ENGLISH CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: March 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/230788
- AdvisorCensus page: https://advisorcensus.com/firm/22nw-lp-seattle-wa-230788

## Quick answers

**How is 22NW, LP compensated?**
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.

**What does 22NW, LP's brochure say about its fees?**
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.

**Where is 22NW, LP located?**
22NW, LP's principal office is in Seattle, WA, according to its Form ADV.

**Is 22NW, LP registered with the SEC or a state?**
22NW, LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 230788.

**How much does 22NW, LP manage?**
22NW, LP reports $295,587,873 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (100% discretionary).

**How have 22NW, LP's assets and staff changed since 2021?**
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.

**What types of clients does 22NW, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does 22NW, LP report any disciplinary disclosures?**
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

**What changed in 22NW, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $261,149,617 to $295,587,873 (+13%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 13, 2026)

- Asset-based fee: 1.5% of assets a year

> 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%.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $295,587,873
- Discretionary: $295,587,873
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $295,587,873 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 6 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- englishcap.com
- LinkedIn @22-nw-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $294,373,548 | 6 | March 10, 2021 |
| October 2022 | $409,613,666 | 7 | March 2, 2022 |
| October 2023 | $355,741,004 | 6 | March 1, 2023 |
| October 2024 | $342,665,331 | 6 | May 30, 2024 |
| October 2025 | $261,149,617 | 6 | March 14, 2025 |
| October 2026 | $295,587,873 | 6 | March 13, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $261,149,617 to $295,587,873 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 22NW, LP (CRD 230788): Form ADV filing data as of October 2026.