{ "crd_number": 323152, "slug": "26north-direct-lending-new-york-ny-323152", "primary_business_name": "26NORTH DIRECT LENDING", "legal_name": "26NORTH DIRECT LENDING LP", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2022-10-04", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 2649967439.0, "raum_discretionary": 2649967439.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 142, "advisory_employees": 83, "client_count_bucket": null, "clients_by_type": { "business_development_companies": { "raum": 2649967439.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "FL", "NY" ], "websites": [ "https://26n.com", "https://linkedin.com/company/26-north" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323152", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/26north-direct-lending-new-york-ny-323152", "display_name": "26NORTH Direct Lending", "summary": "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.", "citation": "AdvisorCensus. 26NORTH Direct Lending (CRD 323152): 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 investment companies (and business development companies)" ], "quick_answers": [ { "q": "How is 26NORTH Direct Lending compensated?", "a": "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. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is 26NORTH Direct Lending located?", "a": "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)." }, { "q": "Is 26NORTH Direct Lending registered with the SEC or a state?", "a": "26NORTH Direct Lending is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323152." }, { "q": "How much does 26NORTH Direct Lending manage?", "a": "26NORTH Direct Lending reports $2,649,967,439 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have 26NORTH Direct Lending's assets and staff changed since 2023?", "a": "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." }, { "q": "What types of clients does 26NORTH Direct Lending serve?", "a": "By number of clients on Form ADV Item 5.D: business development companies (1)." }, { "q": "Does 26NORTH Direct Lending 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/323152" }, { "q": "What changed in 26NORTH Direct Lending's recent Form ADV filings?", "a": "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)." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": null, "total_employees": 52, "filing_date": "2023-07-17" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1703018206.0, "total_employees": 81, "filing_date": "2024-08-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2340944760.0, "total_employees": 101, "filing_date": "2025-06-10" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2649967439.0, "total_employees": 142, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "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)." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/26north-direct-lending-new-york-ny-323152.md", "clients": [ { "type": "business_development_companies", "label": "Business development companies", "count": 1, "fewer_than_5": false, "raum": 2649967439.0 } ], "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/323152", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }