# Bracebridge Capital, LLC

> Bracebridge Capital, LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 158343
- Filed as: BRACEBRIDGE CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158343
- AdvisorCensus page: https://advisorcensus.com/firm/bracebridge-capital-llc-boston-ma-158343

## Quick answers

**How is Bracebridge Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bracebridge Capital, LLC 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 Bracebridge Capital, LLC located?**
Bracebridge Capital, LLC's principal office is in Boston, MA, according to its Form ADV.

**Is Bracebridge Capital, LLC registered with the SEC or a state?**
Bracebridge Capital, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158343.

**How much does Bracebridge Capital, LLC manage?**
Bracebridge Capital, LLC reports $100,349,501,374 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Bracebridge Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Bracebridge Capital, LLC: Regulatory assets under management: $37,303,196,462 in the October 2021 data and $100,349,501,374 in the October 2026 data, up 169%. Total employees: 133 in October 2021 and 168 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bracebridge Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Does Bracebridge Capital, LLC 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/158343

**What changed in Bracebridge Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 54 to 59. Regulatory assets under management went from $84,739,194,231 to $100,349,501,374 (+18%). Updated its list of owners and control persons (Schedule A).

## 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: $100,349,501,374
- Discretionary: $100,349,501,374
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $100,349,501,374 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 168 total, 59 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [bracebridgecapital.com](https://bracebridgecapital.com)
- LinkedIn @BRACEBRIDGE-CAPITAL-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $37,303,196,462 | 133 | April 6, 2021 |
| October 2022 | $48,750,179,780 | 147 | June 6, 2022 |
| October 2023 | $71,843,486,535 | 144 | March 31, 2023 |
| October 2024 | $65,099,820,270 | 155 | March 28, 2024 |
| October 2025 | $84,739,194,231 | 158 | March 31, 2025 |
| October 2026 | $100,349,501,374 | 168 | March 31, 2026 |

Regulatory assets under management: $37,303,196,462 in the October 2021 data and $100,349,501,374 in the October 2026 data, up 169%.
Total employees: 133 in October 2021 and 168 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 54 to 59.
- Regulatory assets under management went from $84,739,194,231 to $100,349,501,374 (+18%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bracebridge Capital, LLC (CRD 158343): Form ADV filing data as of October 2026.