# Canal Road Capital, LLC

> Canal Road Capital, LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 327488
- Filed as: CANAL ROAD CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/327488
- AdvisorCensus page: https://advisorcensus.com/firm/canal-road-capital-llc-miami-fl-327488

## Quick answers

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

**Is Canal Road Capital, LLC registered with the SEC or a state?**
Canal Road Capital, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 327488.

**How much does Canal Road Capital, LLC manage?**
Canal Road Capital, LLC reports $1,261,306,586 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (52% discretionary).

**How have Canal Road Capital, LLC's assets and staff changed since 2024?**
In the Form ADV data for Canal Road Capital, LLC: Regulatory assets under management: $100,000,000 in the October 2024 data and $1,261,306,586 in the October 2026 data, up 1161%. Total employees: 16 in October 2024 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Canal Road Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Canal Road Capital, LLC use?**
Canal Road Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of Montreal and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Canal Road 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/327488

**What changed in Canal Road Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $331,034,177 to $1,261,306,586 (+281%).

## 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))
- Bank of Montreal
- State Street Bank and Trust Company

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: $1,261,306,586
- Discretionary: $661,306,586
- Non-discretionary: $600,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | Fewer than 5 | $500,000,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $661,306,586 |
| Insurance companies | Fewer than 5 | $100,000,000 |

### 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: 2023 (2 years)
- Employees: 16 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- canalroadgroup.com
- LinkedIn @canalroadgroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $100,000,000 | 16 | June 18, 2024 |
| October 2025 | $331,034,177 | 16 | May 2, 2025 |
| October 2026 | $1,261,306,586 | 16 | March 24, 2026 |

Regulatory assets under management: $100,000,000 in the October 2024 data and $1,261,306,586 in the October 2026 data, up 1161%.
Total employees: 16 in October 2024 and 16 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $331,034,177 to $1,261,306,586 (+281%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Canal Road Capital, LLC (CRD 327488): Form ADV filing data as of October 2026.