# Brightlight Capital

> Brightlight Capital is an SEC-registered investment advisory firm in Westport, CT, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 15, 2026.

- CRD: 171109
- Filed as: BRIGHTLIGHT CAPITAL
- Legal name: Brightlight Capital Management LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westport, CT
- Filing period: October 2026
- Form ADV filing dated: April 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171109
- AdvisorCensus page: https://advisorcensus.com/firm/brightlight-capital-westport-ct-171109

## Quick answers

**How is Brightlight Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Brightlight Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Brightlight Capital located?**
Brightlight Capital's principal office is in Westport, CT, according to its Form ADV.

**Is Brightlight Capital registered with the SEC or a state?**
Brightlight Capital is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 171109.

**How much does Brightlight Capital manage?**
Brightlight Capital reports $385,751,661 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (100% discretionary).

**How have Brightlight Capital's assets and staff changed since 2021?**
In the Form ADV data for Brightlight Capital: Regulatory assets under management: $636,794,613 in the October 2021 data and $385,751,661 in the October 2026 data, down 39%. Total employees: 5 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Brightlight Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Brightlight Capital 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/171109

**What changed in Brightlight Capital's recent Form ADV filings?**
In the May 2026 filing data: Employees performing advisory functions went from 3 to 2. 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: $385,751,661
- Discretionary: $385,751,661
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $385,751,661 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- brightlightcapital.com
- LinkedIn @BRIGHTLIGHT-CAPITAL-PARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $636,794,613 | 5 | March 31, 2021 |
| October 2022 | $566,929,179 | 6 | March 30, 2022 |
| October 2023 | $456,685,192 | 5 | March 22, 2023 |
| October 2024 | $471,473,642 | 4 | March 19, 2024 |
| October 2025 | $427,324,228 | 4 | March 12, 2025 |
| October 2026 | $385,751,661 | 3 | April 15, 2026 |

Regulatory assets under management: $636,794,613 in the October 2021 data and $385,751,661 in the October 2026 data, down 39%.
Total employees: 5 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Employees performing advisory functions went from 3 to 2.
- Updated its list of owners and control persons (Schedule A).

### April 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. Brightlight Capital (CRD 171109): Form ADV filing data as of October 2026.