{
  "crd_number": 164956,
  "slug": "balmoral-management-ii-l-p-los-angeles-ca-164956",
  "primary_business_name": "BALMORAL MANAGEMENT II L.P.",
  "legal_name": "BALMORAL MANAGEMENT II L.P.",
  "dbas": [
    "BALMORAL CAPITAL ADVISORS, LLC (RELYING ADVISER)",
    "BALMORAL CHEMICALS MANAGEMENT, L.P. (RELYING ADVISER)",
    "BALMORAL FUNDS, LLC (GP TO BALMORAL MGMT II LP)",
    "BALMORAL MANAGEMENT III LP (RELYING ADVISER)",
    "BALMORAL MANAGEMENT IV LP (RELYING ADVISER)",
    "BALMORAL PALLET MANAGEMENT L.P. (RELYING ADVISER)"
  ],
  "city": "Los Angeles",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-04-02",
  "years_registered": 13,
  "period": "2026-10-01",
  "filing_date": "2026-04-30",
  "carried_forward": false,
  "raum_total": 974363953.0,
  "raum_discretionary": 974363953.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 16,
  "advisory_employees": 13,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 974363953.0,
      "count": 3
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://balmoralfunds.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164956",
  "city_as_filed": "LOS ANGELES",
  "url": "https://advisorcensus.com/firm/balmoral-management-ii-l-p-los-angeles-ca-164956",
  "display_name": "Balmoral Management II L.P.",
  "summary": "Balmoral Management II L.P. is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2013, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.",
  "citation": "AdvisorCensus. Balmoral Management II L.P. (CRD 164956): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Balmoral Management II L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Balmoral Management II L.P. 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."
    },
    {
      "q": "Where is Balmoral Management II L.P. located?",
      "a": "Balmoral Management II L.P.'s principal office is in Los Angeles, CA, according to its Form ADV."
    },
    {
      "q": "Is Balmoral Management II L.P. registered with the SEC or a state?",
      "a": "Balmoral Management II L.P. is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 164956."
    },
    {
      "q": "How much does Balmoral Management II L.P. manage?",
      "a": "Balmoral Management II L.P. reports $974,363,953 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Balmoral Management II L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Balmoral Management II L.P.: Regulatory assets under management: $539,914,611 in the October 2021 data and $974,363,953 in the October 2026 data, up 80%. Total employees: 9 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Balmoral Management II L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3)."
    },
    {
      "q": "Does Balmoral Management II L.P. report any disciplinary disclosures?",
      "a": "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/164956"
    },
    {
      "q": "What changed in Balmoral Management II L.P.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Added the business name Balmoral Chemicals Management, L.P. (Relying Adviser). Employees performing advisory functions went from 12 to 13. Regulatory assets under management went from $1,381,796,284 to $978,988,953 (-29%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 539914611.0,
      "total_employees": 9,
      "filing_date": "2021-05-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 973354383.0,
      "total_employees": 10,
      "filing_date": "2022-08-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1253902851.0,
      "total_employees": 11,
      "filing_date": "2023-05-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1237690001.0,
      "total_employees": 12,
      "filing_date": "2024-05-07"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1381796284.0,
      "total_employees": 15,
      "filing_date": "2025-04-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 974363953.0,
      "total_employees": 16,
      "filing_date": "2026-04-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name Balmoral Chemicals Management, L.P. (Relying Adviser).",
        "Employees performing advisory functions went from 12 to 13.",
        "Regulatory assets under management went from $1,381,796,284 to $978,988,953 (-29%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/balmoral-management-ii-l-p-los-angeles-ca-164956.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 974363953.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164956",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}