# AC Investment Management LLC

> AC Investment Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 140443
- Filed as: AC INVESTMENT MANAGEMENT LLC
- Also doing business as: AURELIAN CAPITAL GP, LLC (GENERAL PARTNER OF AGR MASTER LP), AURELIAN HOLDINGS, LLC (MANAGER OF AURELIAN PLUS, LLC)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/140443
- AdvisorCensus page: https://advisorcensus.com/firm/ac-investment-management-llc-new-york-ny-140443

## Quick answers

**How is AC Investment Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), AC Investment Management LLC 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 AC Investment Management LLC located?**
AC Investment Management LLC's principal office is in New York, NY, according to its Form ADV.

**Is AC Investment Management LLC registered with the SEC or a state?**
AC Investment Management LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 140443.

**How much does AC Investment Management LLC manage?**
AC Investment Management LLC reports $250,967,301 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have AC Investment Management LLC's assets and staff changed since 2021?**
In the Form ADV data for AC Investment Management LLC: Regulatory assets under management: $181,872,000 in the October 2021 data and $250,967,301 in the October 2026 data, up 38%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does AC Investment Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does AC Investment Management LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/140443

**What changed in AC Investment Management LLC's recent Form ADV filings?**
In the April 2026 filing data: No longer lists the business name Aurelian Capital, Ltd. (Investment Manager of Aurelian Global Resources, Ltd.). No longer lists the business name Aurelian Holdings, LLC (General Partner of Aurelian Plus, LLC). No longer lists the business name AC Energy Partners, LLC (Investment Manager of AC Energy, LLC). Added the business name Aurelian Holdings, LLC (Manager of Aurelian Plus, LLC). Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.E(2)). Employees performing advisory functions went from 4 to 3. 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

### Regulatory assets under management (Item 5.F)
- Total: $250,967,301
- Discretionary: $250,967,301
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $250,967,301 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2006 (20 years)
- Employees: 8 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/140443

### Websites listed on Form ADV (Item 1.I)
- [acimfunds.com](https://acimfunds.com)
- LinkedIn @AC-ENERGY

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $181,872,000 | 8 | March 30, 2021 |
| October 2022 | $222,028,310 | 9 | March 30, 2022 |
| October 2023 | $257,195,450 | 10 | March 31, 2023 |
| October 2024 | $282,044,638 | 10 | March 29, 2024 |
| October 2025 | $270,595,528 | 8 | April 2, 2025 |
| October 2026 | $250,967,301 | 8 | March 31, 2026 |

Regulatory assets under management: $181,872,000 in the October 2021 data and $250,967,301 in the October 2026 data, up 38%.
Total employees: 8 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists the business name Aurelian Capital, Ltd. (Investment Manager of Aurelian Global Resources, Ltd.).
- No longer lists the business name Aurelian Holdings, LLC (General Partner of Aurelian Plus, LLC).
- No longer lists the business name AC Energy Partners, LLC (Investment Manager of AC Energy, LLC).
- Added the business name Aurelian Holdings, LLC (Manager of Aurelian Plus, LLC).
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.E(2)).
- Employees performing advisory functions went from 4 to 3.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. AC Investment Management LLC (CRD 140443): Form ADV filing data as of October 2026.