{
  "crd_number": 300562,
  "slug": "borealis-strategic-capital-partners-lp-chicago-il-300562",
  "primary_business_name": "BOREALIS STRATEGIC CAPITAL PARTNERS, LP",
  "legal_name": "BOREALIS STRATEGIC CAPITAL PARTNERS, LP",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-05-28",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-03-17",
  "carried_forward": false,
  "raum_total": 440417000.0,
  "raum_discretionary": 440417000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 440417000.0,
      "count": 8
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IL"
  ],
  "websites": [
    "https://borealisstratcap.com",
    "https://linkedin.com/company/borealis-strategic-capital-partners-llc/about"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/300562",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/borealis-strategic-capital-partners-lp-chicago-il-300562",
  "display_name": "Borealis Strategic Capital Partners, LP",
  "summary": "Borealis Strategic Capital Partners, LP is an SEC-registered investment advisory firm in Chicago, IL, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.",
  "citation": "AdvisorCensus. Borealis Strategic Capital Partners, LP (CRD 300562): 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"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Borealis Strategic Capital Partners, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Borealis Strategic Capital Partners, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Borealis Strategic Capital Partners, LP located?",
      "a": "Borealis Strategic Capital Partners, LP's principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Borealis Strategic Capital Partners, LP registered with the SEC or a state?",
      "a": "Borealis Strategic Capital Partners, LP is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 300562."
    },
    {
      "q": "How much does Borealis Strategic Capital Partners, LP manage?",
      "a": "Borealis Strategic Capital Partners, LP reports $440,417,000 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have Borealis Strategic Capital Partners, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Borealis Strategic Capital Partners, LP: Regulatory assets under management: $328,688,624 in the October 2021 data and $440,417,000 in the October 2026 data, up 34%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Borealis Strategic Capital Partners, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8)."
    },
    {
      "q": "Does Borealis Strategic Capital Partners, LP 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/300562"
    },
    {
      "q": "What changed in Borealis Strategic Capital Partners, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $560,459,000 to $440,417,000 (-21%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 328688624.0,
      "total_employees": 5,
      "filing_date": "2021-06-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 347355000.0,
      "total_employees": 6,
      "filing_date": "2022-08-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 574263000.0,
      "total_employees": 6,
      "filing_date": "2023-03-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 528796000.0,
      "total_employees": 6,
      "filing_date": "2024-03-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 560459000.0,
      "total_employees": 6,
      "filing_date": "2025-03-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 440417000.0,
      "total_employees": 6,
      "filing_date": "2026-03-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $560,459,000 to $440,417,000 (-21%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/borealis-strategic-capital-partners-lp-chicago-il-300562.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 440417000.0
    }
  ],
  "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/300562",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}