# Background Capital Management, LLC

> Background Capital Management, LLC is an exempt reporting adviser, filing reports since 2026. Exempt reporting advisers do not report regulatory assets under management on Form ADV.

- CRD: 304871
- Filed as: BACKGROUND CAPITAL MANAGEMENT, LLC
- Reporting status: Exempt reporting adviser (status as filed: State ERA - ACTIVE)
- Filing period: October 2026
- Form ADV filing dated: March 4, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/304871
- AdvisorCensus page: https://advisorcensus.com/firm/background-capital-management-llc-304871

## Quick answers

**How does Background Capital Management, LLC report to regulators?**
Background Capital Management, LLC is an exempt reporting adviser, filing reports since 2026. Exempt reporting advisers file a shorter Form ADV. Status as filed: State ERA - ACTIVE. CRD 304871.

**Does Background Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/304871

## From the Form ADV filing

### Firm details
- Reporting since: 2026 (0 years)
- Employees: Not reported total, Not reported performing advisory functions
- Wrap fee program participation: Not reported
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- background.vc
- LinkedIn @pulse
- X @rafaelcorrales

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Background Capital Management, LLC (CRD 304871): Form ADV filing data as of October 2026.