# 325 Capital

> 325 Capital is an SEC-registered investment advisory firm in New York, NY, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 310762
- Filed as: 325 CAPITAL
- Legal name: 325 Capital LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310762
- AdvisorCensus page: https://advisorcensus.com/firm/325-capital-new-york-ny-310762

## Quick answers

**How is 325 Capital compensated?**
On its Form ADV (Item 5.E, October 2026), 325 Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is 325 Capital located?**
325 Capital's principal office is in New York, NY, according to its Form ADV.

**Is 325 Capital registered with the SEC or a state?**
325 Capital is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310762.

**How much does 325 Capital manage?**
325 Capital reports $337,838,983 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have 325 Capital's assets and staff changed since 2021?**
In the Form ADV data for 325 Capital: Regulatory assets under management: $64,730,000 in the October 2021 data and $337,838,983 in the October 2026 data, up 422%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 325 Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Which custodians does 325 Capital use?**
325 Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Capital Markets, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does 325 Capital 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/310762

**What changed in 325 Capital's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $270,538,517 to $337,838,983 (+25%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon Capital Markets, LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $337,838,983
- Discretionary: $337,838,983
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $65,818,106 |
| Charitable organizations | Fewer than 5 | $272,020,877 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2020 (5 years)
- Employees: 7 total, 6 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- 325capital.com
- LinkedIn @325-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $64,730,000 | 5 | September 9, 2021 |
| October 2022 | $119,228,000 | 5 | August 15, 2022 |
| October 2023 | $157,532,000 | 5 | March 30, 2023 |
| October 2024 | $233,620,000 | 6 | March 28, 2024 |
| October 2025 | $270,538,517 | 7 | March 26, 2025 |
| October 2026 | $337,838,983 | 7 | March 23, 2026 |

Regulatory assets under management: $64,730,000 in the October 2021 data and $337,838,983 in the October 2026 data, up 422%.
Total employees: 5 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $270,538,517 to $337,838,983 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 325 Capital (CRD 310762): Form ADV filing data as of October 2026.