# 3L Capital Management, LLC

> 3L Capital Management, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 294003
- Filed as: 3L CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/294003
- AdvisorCensus page: https://advisorcensus.com/firm/3l-capital-management-llc-los-angeles-ca-294003

## Quick answers

**How is 3L Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), 3L Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is 3L Capital Management, LLC located?**
3L Capital Management, LLC's principal office is in Los Angeles, CA, according to its Form ADV; the November 2025 filing also lists 1 other office (Schedule D, Section 1.F).

**Is 3L Capital Management, LLC registered with the SEC or a state?**
3L Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 294003.

**How much does 3L Capital Management, LLC manage?**
3L Capital Management, LLC reports $932,271,083 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have 3L Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for 3L Capital Management, LLC: Regulatory assets under management: $504,758,106 in the October 2021 data and $932,271,083 in the October 2026 data, up 85%. Total employees: 11 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 3L Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does 3L Capital Management, LLC 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/294003

**Does 3L Capital Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "In general, the minimum initial investment amount is $1,000,000, subject to waiver by the General Partner in its sole and absolute discretion."

**What changed in 3L Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: No longer lists an office in New York, NY.

## 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 31, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> In general, the minimum initial investment amount is $1,000,000, subject to waiver by the General Partner in its sole and absolute discretion.

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

### Regulatory assets under management (Item 5.F)
- Total: $932,271,083
- Discretionary: $932,271,083
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $932,271,083 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the November 2025 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- 3lcap.com
- crunchbase.com/ORGANIZATION/3L-CAPITAL
- LinkedIn @3L-CAPITAL
- X @3L_Capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $504,758,106 | 11 | April 30, 2021 |
| October 2022 | $1,116,182,033 | 9 | March 31, 2022 |
| October 2023 | $942,421,849 | 9 | May 16, 2023 |
| October 2024 | $810,166,200 | 11 | March 29, 2024 |
| October 2025 | $850,657,984 | 4 | March 31, 2025 |
| October 2026 | $932,271,083 | 4 | March 31, 2026 |

Regulatory assets under management: $504,758,106 in the October 2021 data and $932,271,083 in the October 2026 data, up 85%.
Total employees: 11 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists an office in New York, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 3L Capital Management, LLC (CRD 294003): Form ADV filing data as of October 2026.