# Bernhard Capital Partners Management, LP

> Bernhard Capital Partners Management, LP is an SEC-registered investment advisory firm in Baton Rouge, LA, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 168155
- Filed as: BERNHARD CAPITAL PARTNERS MANAGEMENT, LP
- Also doing business as: BCP INFRASTRUCTURE MANAGEMENT, LLC, BERNHARD CAPITAL PARTNERS MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Baton Rouge, LA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168155
- AdvisorCensus page: https://advisorcensus.com/firm/bernhard-capital-partners-management-lp-baton-rouge-la-168155

## Quick answers

**How is Bernhard Capital Partners Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Bernhard Capital Partners 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 Bernhard Capital Partners Management, LP located?**
Bernhard Capital Partners Management, LP's principal office is in Baton Rouge, LA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Bernhard Capital Partners Management, LP registered with the SEC or a state?**
Bernhard Capital Partners Management, LP is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 168155.

**How much does Bernhard Capital Partners Management, LP manage?**
Bernhard Capital Partners Management, LP reports $6,578,702,870 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Bernhard Capital Partners Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Bernhard Capital Partners Management, LP: Regulatory assets under management: $2,546,002,270 in the October 2021 data and $6,578,702,870 in the October 2026 data, up 158%. Total employees: 29 in October 2021 and 42 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bernhard Capital Partners Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (23).

**Does Bernhard Capital Partners 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/168155

**What changed in Bernhard Capital Partners Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 26 to 32. Regulatory assets under management went from $4,850,160,685 to $6,578,702,870 (+36%). Added an office in New Orleans, LA.

## 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: $6,578,702,870
- Discretionary: $6,578,702,870
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 23 | $6,578,702,870 |

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

### Firm details
- Registered since: 2014 (12 years)
- Employees: 42 total, 32 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: LA, TN
- 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
- Brentwood, TN
- New Orleans, LA

### Websites listed on Form ADV (Item 1.I)
- bernhardcapital.com
- LinkedIn @BERNHARD-CAPITAL-PARTNERS-LLC
- X @BERNHARDCAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,546,002,270 | 29 | March 30, 2021 |
| October 2022 | $2,856,700,000 | 31 | March 29, 2022 |
| October 2023 | $3,431,505,745 | 34 | March 29, 2023 |
| October 2024 | $3,964,828,037 | 38 | March 27, 2024 |
| October 2025 | $4,850,160,685 | 36 | March 31, 2025 |
| October 2026 | $6,578,702,870 | 42 | March 30, 2026 |

Regulatory assets under management: $2,546,002,270 in the October 2021 data and $6,578,702,870 in the October 2026 data, up 158%.
Total employees: 29 in October 2021 and 42 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 26 to 32.
- Regulatory assets under management went from $4,850,160,685 to $6,578,702,870 (+36%).
- Added an office in New Orleans, LA.

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bernhard Capital Partners Management, LP (CRD 168155): Form ADV filing data as of October 2026.