# Ararat Capital Management LP

> Ararat Capital Management LP is an SEC-registered investment advisory firm in Westport, CT, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 291783
- Filed as: ARARAT CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westport, CT
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291783
- AdvisorCensus page: https://advisorcensus.com/firm/ararat-capital-management-lp-westport-ct-291783

## Quick answers

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

**How much does Ararat Capital Management LP charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1.25% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Ararat Capital Management LP located?**
Ararat Capital Management LP's principal office is in Westport, CT, according to its Form ADV.

**Is Ararat Capital Management LP registered with the SEC or a state?**
Ararat Capital Management LP is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 291783.

**How much does Ararat Capital Management LP manage?**
Ararat Capital Management LP reports $358,607,563 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Ararat Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Ararat Capital Management LP: Regulatory assets under management: $355,257,888 in the October 2021 data and $358,607,563 in the October 2026 data, up 1%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ararat 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).

**Does Ararat 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/291783

**What changed in Ararat Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $482,614,794 to $358,607,563 (-26%).

## 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: 1.25% to 1.75% a year (a range, as the brochure states it)

> The Management Fee will range from 1.25% to 1.75% per annum.

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

### Regulatory assets under management (Item 5.F)
- Total: $358,607,563
- Discretionary: $358,607,563
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $358,607,563 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- araratcapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $355,257,888 | 5 | March 30, 2021 |
| October 2022 | $614,413,877 | 5 | March 31, 2022 |
| October 2023 | $599,255,481 | 6 | March 31, 2023 |
| October 2024 | $653,177,406 | 7 | March 28, 2024 |
| October 2025 | $482,614,794 | 7 | March 31, 2025 |
| October 2026 | $358,607,563 | 7 | March 31, 2026 |

Regulatory assets under management: $355,257,888 in the October 2021 data and $358,607,563 in the October 2026 data, up 1%.
Total employees: 5 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $482,614,794 to $358,607,563 (-26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ararat Capital Management LP (CRD 291783): Form ADV filing data as of October 2026.