# Avathon Capital Management LP

> Avathon Capital Management LP is an SEC-registered investment advisory firm in Chicago, IL, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 332243
- Filed as: AVATHON CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/332243
- AdvisorCensus page: https://advisorcensus.com/firm/avathon-capital-management-lp-chicago-il-332243

## Quick answers

**How is Avathon Capital Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Avathon Capital Management LP 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 Avathon Capital Management LP located?**
Avathon Capital Management LP's principal office is in Chicago, IL, according to its Form ADV.

**Is Avathon Capital Management LP registered with the SEC or a state?**
Avathon Capital Management LP is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 332243.

**How much does Avathon Capital Management LP manage?**
Avathon Capital Management LP reports $598,561,502 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Avathon Capital Management LP's assets and staff changed since 2024?**
In the Form ADV data for Avathon Capital Management LP: Regulatory assets under management: $0 in the October 2024 data and $598,561,502 in the October 2026 data. Total employees: 8 in October 2024 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Avathon 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) (11).

**Does Avathon 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/332243

**What changed in Avathon Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 9. Regulatory assets under management went from $511,547,813 to $598,561,502 (+17%).

## 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: $598,561,502
- Discretionary: $598,561,502
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $598,561,502 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 10 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- avathoncapital.com
- LinkedIn @avathon-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $0 | 8 | September 9, 2024 |
| October 2025 | $511,547,813 | 8 | March 28, 2025 |
| October 2026 | $598,561,502 | 10 | March 31, 2026 |

Regulatory assets under management: $0 in the October 2024 data and $598,561,502 in the October 2026 data.
Total employees: 8 in October 2024 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 9.
- Regulatory assets under management went from $511,547,813 to $598,561,502 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Avathon Capital Management LP (CRD 332243): Form ADV filing data as of October 2026.