# Azora Capital LP

> Azora Capital LP is an SEC-registered investment advisory firm in Miami, FL, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 287621
- Filed as: AZORA CAPITAL LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/287621
- AdvisorCensus page: https://advisorcensus.com/firm/azora-capital-lp-miami-fl-287621

## Quick answers

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

**Where is Azora Capital LP located?**
Azora Capital LP's principal office is in Miami, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Azora Capital LP registered with the SEC or a state?**
Azora Capital LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 287621.

**How much does Azora Capital LP manage?**
Azora Capital LP reports $2,502,505,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Azora Capital LP's assets and staff changed since 2021?**
In the Form ADV data for Azora Capital LP: Regulatory assets under management: $1,322,161,091 in the October 2021 data and $2,502,505,000 in the October 2026 data, up 89%. Total employees: 7 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Azora Capital LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15); other (3); insurance companies (1).

**Which custodians does Azora Capital LP use?**
Azora Capital LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley & Co. LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Azora Capital 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/287621

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Morgan Stanley & Co. LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,502,505,000
- Discretionary: $2,502,505,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 15 | $1,952,035,000 |
| Insurance companies | 1 | $88,043,000 |
| Other | 3 | $462,427,000 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 16 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,322,161,091 | 7 | March 24, 2021 |
| October 2022 | $968,659,722 | 10 | March 21, 2022 |
| October 2023 | $1,054,604,304 | 11 | March 14, 2023 |
| October 2024 | $1,556,978,315 | 13 | March 21, 2024 |
| October 2025 | $2,665,640,000 | 14 | February 26, 2025 |
| October 2026 | $2,502,505,000 | 16 | March 27, 2026 |

Regulatory assets under management: $1,322,161,091 in the October 2021 data and $2,502,505,000 in the October 2026 data, up 89%.
Total employees: 7 in October 2021 and 16 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Azora Capital LP (CRD 287621): Form ADV filing data as of October 2026.