AdvisorCensus / Financial advisors / New York / New York / 26NORTH Direct Lending
26NORTH Direct Lending
Filed as 26NORTH DIRECT LENDING · Legal name 26NORTH Direct Lending LP
26NORTH Direct Lending is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.
Quick answers
From the filingHow is 26NORTH Direct Lending compensated?
On its Form ADV (Item 5.E, October 2026), 26NORTH Direct Lending reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is 26NORTH Direct Lending located?
26NORTH Direct Lending's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is 26NORTH Direct Lending registered with the SEC or a state?
26NORTH Direct Lending is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323152.
How much does 26NORTH Direct Lending manage?
26NORTH Direct Lending reports $2,649,967,439 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).
How have 26NORTH Direct Lending's assets and staff changed since 2023?
In the Form ADV data for 26NORTH Direct Lending: Regulatory assets under management: $1,703,018,206 in the October 2024 data and $2,649,967,439 in the October 2026 data, up 56%. Total employees: 52 in October 2023 and 142 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does 26NORTH Direct Lending serve?
By number of clients on Form ADV Item 5.D: business development companies (1).
Does 26NORTH Direct Lending 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/323152
What changed in 26NORTH Direct Lending's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $2,340,944,760 to $2,649,967,439 (+13%). Employees performing advisory functions went from 59 to 83. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Regulatory assets under management
Item 5.F$2,649,967,439 as of October 2026, filing dated March 31, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Legal name
- 26NORTH Direct Lending LP
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (3 years)
- Employees
- Total: 142. Performing investment advisory functions: 83.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the April 2026 filing
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $2,649,967,439 | 142 | March 31, 2026 |
| October 2025 | $2,340,944,760 | 101 | June 10, 2025 |
| October 2024 | $1,703,018,206 | 81 | August 26, 2024 |
| October 2023 | Not reported | 52 | July 17, 2023 |
Regulatory assets under management: $1,703,018,206 in the October 2024 data and $2,649,967,439 in the October 2026 data, up 56%.
Total employees: 52 in October 2023 and 142 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $2,340,944,760 to $2,649,967,439 (+13%).
- Employees performing advisory functions went from 59 to 83.
- Updated its list of owners and control persons (Schedule A).
- February 2026
- Updated its list of owners and control persons (Schedule A).
- November 2025
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. 26NORTH Direct Lending (CRD 323152): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/26north-direct-lending-new-york-ny-323152