# Candelo Capital Management LP

> Candelo Capital Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 307389
- Filed as: CANDELO CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/307389
- AdvisorCensus page: https://advisorcensus.com/firm/candelo-capital-management-lp-new-york-ny-307389

## Quick answers

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

**How much does Candelo Capital Management LP charge?**
Its Form ADV Part 2A brochure dated March 23, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Candelo Capital Management LP located?**
Candelo Capital Management LP's principal office is in New York, NY, according to its Form ADV.

**Is Candelo Capital Management LP registered with the SEC or a state?**
Candelo Capital Management LP is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 307389.

**How much does Candelo Capital Management LP manage?**
Candelo Capital Management LP reports $178,143,123 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Candelo Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Candelo Capital Management LP: Regulatory assets under management: $214,437,939 in the October 2024 data and $178,143,123 in the October 2026 data, down 17%. Total employees: 4 in October 2024 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Candelo Capital Management LP 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/307389

**What changed in Candelo Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $251,830,829 to $178,143,123 (-29%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 23, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> Candelo is paid an investment management fee, (“Management Fee”) per annum of the net asset value of the Funds. The Management Fee will range from 1% to 2%.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $178,143,123
- Discretionary: $178,143,123
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $178,143,123 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 5 total, 5 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.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | July 23, 2021 |
| October 2022 | Not reported | Not reported | March 30, 2022 |
| October 2023 | Not reported | Not reported | March 15, 2023 |
| October 2024 | $214,437,939 | 4 | June 28, 2024 |
| October 2025 | $251,830,829 | 5 | May 13, 2025 |
| October 2026 | $178,143,123 | 5 | March 23, 2026 |

Regulatory assets under management: $214,437,939 in the October 2024 data and $178,143,123 in the October 2026 data, down 17%.
Total employees: 4 in October 2024 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $251,830,829 to $178,143,123 (-29%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Candelo Capital Management LP (CRD 307389): Form ADV filing data as of October 2026.