# Breakout Capital Partners

> Breakout Capital Partners is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 321224
- Filed as: BREAKOUT CAPITAL PARTNERS
- Legal name: Breakout Capital Partners LP
- Also doing business as: EM REVIVAL FUND GP, LLC ("RELYING ADVISER")
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/321224
- AdvisorCensus page: https://advisorcensus.com/firm/breakout-capital-partners-new-york-ny-321224

## Quick answers

**How is Breakout Capital Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Breakout Capital Partners 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 Breakout Capital Partners located?**
Breakout Capital Partners' principal office is in New York, NY, according to its Form ADV.

**Is Breakout Capital Partners registered with the SEC or a state?**
Breakout Capital Partners is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 321224.

**How much does Breakout Capital Partners manage?**
Breakout Capital Partners reports $1,198,802,599 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (100% discretionary).

**How have Breakout Capital Partners' assets and staff changed since 2022?**
In the Form ADV data for Breakout Capital Partners: Regulatory assets under management: $266,400,000 in the October 2022 data and $1,198,802,599 in the October 2026 data, up 350%. Total employees: 7 in October 2022 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Breakout Capital Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Which custodians does Breakout Capital Partners use?**
Breakout Capital Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citbank and J.P. Morgan Securities LLC as custodians holding 10% or more of its separately managed account assets.

**Does Breakout Capital Partners 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/321224

**What changed in Breakout Capital Partners' recent Form ADV filings?**
In the April 2026 filing data: Added the business name EM Revival Fund GP, LLC ("Relying Adviser"). Employees performing advisory functions went from 9 to 10. Regulatory assets under management went from $610,839,012 to $1,198,802,599 (+96%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Citbank
- J.P. Morgan Securities LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,198,802,599
- Discretionary: $1,198,802,599
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $529,506,930 |
| Insurance companies | Fewer than 5 | $168,858,607 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $500,437,062 |

### 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: 2022 (4 years)
- Employees: 16 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [breakout-capital.com](https://breakout-capital.com)
- LinkedIn @breakout-capital-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $266,400,000 | 7 | July 11, 2022 |
| October 2023 | $292,054,876 | 13 | September 5, 2023 |
| October 2024 | $616,080,486 | 13 | March 28, 2024 |
| October 2025 | $610,839,012 | 15 | March 26, 2025 |
| October 2026 | $1,198,802,599 | 16 | March 19, 2026 |

Regulatory assets under management: $266,400,000 in the October 2022 data and $1,198,802,599 in the October 2026 data, up 350%.
Total employees: 7 in October 2022 and 16 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Added the business name EM Revival Fund GP, LLC ("Relying Adviser").
- Employees performing advisory functions went from 9 to 10.
- Regulatory assets under management went from $610,839,012 to $1,198,802,599 (+96%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Breakout Capital Partners (CRD 321224): Form ADV filing data as of October 2026.