# Armadillo Litigation Funding LLC

> Armadillo Litigation Funding LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 18, 2026.

- CRD: 310764
- Filed as: ARMADILLO LITIGATION FUNDING LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310764
- AdvisorCensus page: https://advisorcensus.com/firm/armadillo-litigation-funding-llc-houston-tx-310764

## Quick answers

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

**Where is Armadillo Litigation Funding LLC located?**
Armadillo Litigation Funding LLC's principal office is in Houston, TX, according to its Form ADV.

**Is Armadillo Litigation Funding LLC registered with the SEC or a state?**
Armadillo Litigation Funding LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310764.

**How much does Armadillo Litigation Funding LLC manage?**
Armadillo Litigation Funding LLC reports $581,359,742 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (95% discretionary).

**How have Armadillo Litigation Funding LLC's assets and staff changed since 2021?**
In the Form ADV data for Armadillo Litigation Funding LLC: Regulatory assets under management: $113,000,000 in the October 2021 data and $581,359,742 in the October 2026 data, up 414%. Total employees: 6 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 Armadillo Litigation Funding LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does Armadillo Litigation Funding 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/310764

**Does Armadillo Litigation Funding LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 18, 2026 says: "Generally, each Fund requires a minimum commitment of $1 million, but such amount may be waived by the General Partner, subject to applicable legal requirements."

**What changed in Armadillo Litigation Funding LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 7. Regulatory assets under management went from $493,367,168 to $581,359,742 (+18%).

## 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 18, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Generally, each Fund requires a minimum commitment of $1 million, but such amount may be waived by the General Partner, subject to applicable legal requirements.

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

### Regulatory assets under management (Item 5.F)
- Total: $581,359,742
- Discretionary: $551,183,631
- Non-discretionary: $30,176,111

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $581,359,742 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2020 (5 years)
- Employees: 7 total, 7 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.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $113,000,000 | 6 | February 19, 2021 |
| October 2022 | $522,453,420 | 6 | March 22, 2022 |
| October 2023 | $816,883,305 | 6 | May 5, 2023 |
| October 2024 | $405,187,970 | 6 | March 29, 2024 |
| October 2025 | $493,367,168 | 6 | March 31, 2025 |
| October 2026 | $581,359,742 | 7 | March 18, 2026 |

Regulatory assets under management: $113,000,000 in the October 2021 data and $581,359,742 in the October 2026 data, up 414%.
Total employees: 6 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 7.
- Regulatory assets under management went from $493,367,168 to $581,359,742 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Armadillo Litigation Funding LLC (CRD 310764): Form ADV filing data as of October 2026.