# 36 South Capital Advisors LLP

> 36 South Capital Advisors LLP is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 166406
- Filed as: 36 SOUTH CAPITAL ADVISORS LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/166406
- AdvisorCensus page: https://advisorcensus.com/firm/36-south-capital-advisors-llp-london-166406

## Quick answers

**How is 36 South Capital Advisors LLP compensated?**
On its Form ADV (Item 5.E, October 2026), 36 South Capital Advisors LLP 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.

**Where is 36 South Capital Advisors LLP located?**
36 South Capital Advisors LLP's principal office is in London, United Kingdom, according to its Form ADV.

**Is 36 South Capital Advisors LLP registered with the SEC or a state?**
36 South Capital Advisors LLP is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 166406.

**How much does 36 South Capital Advisors LLP manage?**
36 South Capital Advisors LLP reports $1,017,925,270 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have 36 South Capital Advisors LLP's assets and staff changed since 2021?**
In the Form ADV data for 36 South Capital Advisors LLP: Regulatory assets under management: $1,327,631,594 in the October 2021 data and $1,017,925,270 in the October 2026 data, down 23%. Total employees: 22 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 36 South Capital Advisors LLP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); state or municipal government entities (including government pension plans) (1).

**Which custodians does 36 South Capital Advisors LLP use?**
36 South Capital Advisors LLP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon as a custodian holding 10% or more of its separately managed account assets.

**Does 36 South Capital Advisors LLP 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/166406

**What changed in 36 South Capital Advisors LLP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,198,699,582 to $1,017,925,270 (-15%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

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

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: $1,017,925,270
- Discretionary: $1,017,925,270
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $827,211,812 |
| State or municipal government entities (including government pension plans) | 1 | $190,713,458 |

### 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: 2013 (13 years)
- Employees: 24 total, 7 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)
- [36south.com](https://36south.com)
- LinkedIn @36-south-capital-advisors
- YouTube @36SouthCapitalAdvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,327,631,594 | 22 | March 18, 2021 |
| October 2022 | $1,601,805,882 | 21 | February 25, 2022 |
| October 2023 | $1,893,445,166 | 23 | March 13, 2023 |
| October 2024 | $1,233,264,458 | 25 | March 7, 2024 |
| October 2025 | $1,198,699,582 | 25 | March 27, 2025 |
| October 2026 | $1,017,925,270 | 24 | March 27, 2026 |

Regulatory assets under management: $1,327,631,594 in the October 2021 data and $1,017,925,270 in the October 2026 data, down 23%.
Total employees: 22 in October 2021 and 24 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,198,699,582 to $1,017,925,270 (-15%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 36 South Capital Advisors LLP (CRD 166406): Form ADV filing data as of October 2026.