{
  "crd_number": 167462,
  "slug": "424-capital-llc-wakefield-ma-167462",
  "primary_business_name": "424 CAPITAL, LLC",
  "legal_name": "424 CAPITAL, LLC",
  "dbas": [],
  "city": "Wakefield",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-08-03",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-04-29",
  "carried_forward": false,
  "raum_total": 584498760.0,
  "raum_discretionary": 584498760.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 20,
  "advisory_employees": 16,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 584498760.0,
      "count": 9
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MA"
  ],
  "websites": [
    "https://424capital.com",
    "https://brookventure.com",
    "https://facebook.com/BROOKVENTURE",
    "https://linkedin.com/company/424-capital",
    "https://linkedin.com/company/brook-venture-partners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/167462",
  "city_as_filed": "WAKEFIELD",
  "url": "https://advisorcensus.com/firm/424-capital-llc-wakefield-ma-167462",
  "display_name": "424 Capital, LLC",
  "summary": "424 Capital, LLC is an SEC-registered investment advisory firm in Wakefield, MA, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 29, 2026.",
  "citation": "AdvisorCensus. 424 Capital, LLC (CRD 167462): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is 424 Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), 424 Capital, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is 424 Capital, LLC located?",
      "a": "424 Capital, LLC's principal office is in Wakefield, MA, according to its Form ADV."
    },
    {
      "q": "Is 424 Capital, LLC registered with the SEC or a state?",
      "a": "424 Capital, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 167462."
    },
    {
      "q": "How much does 424 Capital, LLC manage?",
      "a": "424 Capital, LLC reports $584,498,760 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (100% discretionary)."
    },
    {
      "q": "How have 424 Capital, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for 424 Capital, LLC: Regulatory assets under management: $292,208,383 in the October 2022 data and $584,498,760 in the October 2026 data, up 100%. Total employees: 17 in October 2022 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does 424 Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9)."
    },
    {
      "q": "Does 424 Capital, LLC 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/167462"
    },
    {
      "q": "What changed in 424 Capital, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $396,669,303 to $584,498,760 (+47%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 292208383.0,
      "total_employees": 17,
      "filing_date": "2022-06-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 207146868.0,
      "total_employees": 18,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 297918744.0,
      "total_employees": 21,
      "filing_date": "2024-05-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 396669303.0,
      "total_employees": 20,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 584498760.0,
      "total_employees": 20,
      "filing_date": "2026-04-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $396,669,303 to $584,498,760 (+47%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/424-capital-llc-wakefield-ma-167462.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 584498760.0
    }
  ],
  "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/167462",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}