# 59 North Capital Management, LP

> 59 North Capital Management, LP is an SEC-registered investment advisory firm in Houston, TX, registered since 2019, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 300258
- Filed as: 59 NORTH CAPITAL MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/300258
- AdvisorCensus page: https://advisorcensus.com/firm/59-north-capital-management-lp-houston-tx-300258

## Quick answers

**How is 59 North Capital Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), 59 North Capital Management, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does 59 North Capital Management, LP charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is 59 North Capital Management, LP located?**
59 North Capital Management, LP's principal office is in Houston, TX, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is 59 North Capital Management, LP registered with the SEC or a state?**
59 North Capital Management, LP is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 300258.

**How much does 59 North Capital Management, LP manage?**
59 North Capital Management, LP reports $7,503,173,537 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have 59 North Capital Management, LP's assets and staff changed since 2021?**
In the Form ADV data for 59 North Capital Management, LP: Regulatory assets under management: $427,529,394 in the October 2021 data and $7,503,173,537 in the October 2026 data, up 1655%. Total employees: 4 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 59 North Capital Management, LP 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 59 North Capital Management, LP use?**
59 North Capital Management, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does 59 North Capital Management, LP 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/300258

**What changed in 59 North Capital Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $4,222,248,243 to $7,503,173,537 (+78%).

## 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)

- Asset-based fee: 1.5% of assets a year

> The Adviser receives an annual management fee of 1.5% of assets under management. Management fees are generally collected quarterly in advance.

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

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC
- Morgan Stanley & Co. LLC
- National Financial Services 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: $7,503,173,537
- Discretionary: $7,503,173,537
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $7,304,208,639 |
| Other | Fewer than 5 | $198,964,898 |

### 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: 2019 (7 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $427,529,394 | 4 | March 15, 2021 |
| October 2022 | $641,297,769 | 4 | June 7, 2022 |
| October 2023 | $1,078,732,401 | 4 | March 29, 2023 |
| October 2024 | $2,474,675,710 | 6 | September 12, 2024 |
| October 2025 | $4,222,248,243 | 9 | March 31, 2025 |
| October 2026 | $7,503,173,537 | 9 | March 31, 2026 |

Regulatory assets under management: $427,529,394 in the October 2021 data and $7,503,173,537 in the October 2026 data, up 1655%.
Total employees: 4 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $4,222,248,243 to $7,503,173,537 (+78%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 59 North Capital Management, LP (CRD 300258): Form ADV filing data as of October 2026.