# AP Capital Delaware LLC

> AP Capital Delaware LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 315796
- Filed as: AP CAPITAL DELAWARE LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315796
- AdvisorCensus page: https://advisorcensus.com/firm/ap-capital-delaware-llc-new-york-ny-315796

## Quick answers

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

**Is AP Capital Delaware LLC registered with the SEC or a state?**
AP Capital Delaware LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 315796.

**How much does AP Capital Delaware LLC manage?**
AP Capital Delaware LLC reports $134,764,420 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have AP Capital Delaware LLC's assets and staff changed since 2021?**
In the Form ADV data for AP Capital Delaware LLC: Regulatory assets under management: $194,185,089 in the October 2022 data and $134,764,420 in the October 2026 data, down 31%. Total employees: 3 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does AP Capital Delaware LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); corporations or other businesses not listed above (1).

**Does AP Capital Delaware 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/315796

**What changed in AP Capital Delaware LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $170,492,884 to $134,764,420 (-21%). 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: $134,764,420
- Discretionary: $134,764,420
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | Fewer than 5 | $0 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $21,710,148 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 1 | $113,054,272 |
| Other | Fewer than 5 | $0 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 4 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [apcapitalinvestment.com](https://apcapitalinvestment.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | July 28, 2021 |
| October 2022 | $194,185,089 | 3 | March 29, 2022 |
| October 2023 | $162,548,908 | 3 | March 21, 2023 |
| October 2024 | $107,656,761 | 3 | March 22, 2024 |
| October 2025 | $170,492,884 | 3 | March 18, 2025 |
| October 2026 | $134,764,420 | 4 | March 30, 2026 |

Regulatory assets under management: $194,185,089 in the October 2022 data and $134,764,420 in the October 2026 data, down 31%.
Total employees: 3 in October 2022 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $170,492,884 to $134,764,420 (-21%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. AP Capital Delaware LLC (CRD 315796): Form ADV filing data as of October 2026.