# Balbec Capital Management LP

> Balbec Capital Management LP is an SEC-registered investment advisory firm in Scottsdale, AZ, registered since 2016, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 27, 2026.

- CRD: 284363
- Filed as: BALBEC CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Scottsdale, AZ
- Filing period: October 2026
- Form ADV filing dated: April 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284363
- AdvisorCensus page: https://advisorcensus.com/firm/balbec-capital-management-lp-scottsdale-az-284363

## Quick answers

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

**Where is Balbec Capital Management LP located?**
Balbec Capital Management LP's principal office is in Scottsdale, AZ, according to its Form ADV; the May 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Balbec Capital Management LP registered with the SEC or a state?**
Balbec Capital Management LP is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 284363.

**How much does Balbec Capital Management LP manage?**
Balbec Capital Management LP reports $7,986,194,775 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (92% discretionary).

**How have Balbec Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Balbec Capital Management LP: Regulatory assets under management: $2,385,764,219 in the October 2021 data and $7,986,194,775 in the October 2026 data, up 235%. Total employees: 68 in October 2021 and 150 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Balbec 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) (22).

**Does Balbec 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/284363

**What changed in Balbec Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 39 to 40. Regulatory assets under management went from $7,159,623,675 to $7,986,194,775 (+12%). Changed its office addresses in London.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $7,986,194,775
- Discretionary: $7,373,597,928
- Non-discretionary: $612,596,847

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 22 | $7,373,597,928 |
| Insurance companies | Fewer than 5 | $612,596,847 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2016 (9 years)
- Employees: 150 total, 40 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Alpharetta, GA
- Budapest
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- balbec.com
- LinkedIn @BALBEC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,385,764,219 | 68 | April 29, 2021 |
| October 2022 | $5,809,603,121 | 83 | May 2, 2022 |
| October 2023 | $5,606,257,800 | 96 | June 30, 2023 |
| October 2024 | $6,370,551,613 | 105 | April 29, 2024 |
| October 2025 | $7,159,623,675 | 140 | May 16, 2025 |
| October 2026 | $7,986,194,775 | 150 | April 27, 2026 |

Regulatory assets under management: $2,385,764,219 in the October 2021 data and $7,986,194,775 in the October 2026 data, up 235%.
Total employees: 68 in October 2021 and 150 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 39 to 40.
- Regulatory assets under management went from $7,159,623,675 to $7,986,194,775 (+12%).
- Changed its office addresses in London.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Balbec Capital Management LP (CRD 284363): Form ADV filing data as of October 2026.