# Alaia Capital, LLC

> Alaia Capital, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2015, with no regulatory assets under management reported in its Form ADV filing dated August 11, 2026.

- CRD: 226775
- Filed as: ALAIA CAPITAL, LLC
- Also doing business as: M + FUNDS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: August 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/226775
- AdvisorCensus page: https://advisorcensus.com/firm/alaia-capital-llc-new-york-ny-226775

## Quick answers

**How is Alaia Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Alaia Capital, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Alaia Capital, LLC located?**
Alaia Capital, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Alaia Capital, LLC registered with the SEC or a state?**
Alaia Capital, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 226775.

**How have Alaia Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Alaia Capital, LLC: Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Alaia Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Alaia Capital, 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/226775

**What changed in Alaia Capital, LLC's recent Form ADV filings?**
In the September 2026 filing data: 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
- Fixed fees (other than subscription fees)

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Other

### Firm details
- Registered since: 2015 (11 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [icapital.com/mplusfunds](https://icapital.com/mplusfunds)
- [mplusfunds.com](https://mplusfunds.com)
- LinkedIn @alaia-capital-llc
- LinkedIn @mplusfunds

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 4 | May 31, 2021 |
| October 2022 | Not reported | 3 | February 25, 2022 |
| October 2023 | Not reported | 3 | March 16, 2023 |
| October 2024 | Not reported | 3 | March 22, 2024 |
| October 2025 | Not reported | 35 | March 18, 2025 |
| October 2026 | Not reported | 5 | August 11, 2026 |

Total employees: 4 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 4 to 3.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Alaia Capital, LLC (CRD 226775): Form ADV filing data as of October 2026.