# CAP91 Partners Management LLC

> CAP91 Partners Management LLC is an SEC-registered investment advisory firm in Richmond, VA, registered since 2023, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.

- CRD: 324057
- Filed as: CAP91 PARTNERS MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Richmond, VA
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/324057
- AdvisorCensus page: https://advisorcensus.com/firm/cap91-partners-management-llc-richmond-va-324057

## Quick answers

**How is CAP91 Partners Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), CAP91 Partners Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is CAP91 Partners Management LLC located?**
CAP91 Partners Management LLC's principal office is in Richmond, VA, according to its Form ADV.

**Is CAP91 Partners Management LLC registered with the SEC or a state?**
CAP91 Partners Management LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324057.

**How much does CAP91 Partners Management LLC manage?**
CAP91 Partners Management LLC reports $531,036,012 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).

**How have CAP91 Partners Management LLC's assets and staff changed since 2023?**
In the Form ADV data for CAP91 Partners Management LLC: Regulatory assets under management: $325,775,000 in the October 2023 data and $531,036,012 in the October 2026 data, up 63%. Total employees: 6 in October 2023 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does CAP91 Partners Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does CAP91 Partners Management 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/324057

**What changed in CAP91 Partners Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6.

## 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: $531,036,012
- Discretionary: $531,036,012
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $531,036,012 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- cap91.com
- LinkedIn @cap91-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $325,775,000 | 6 | September 7, 2023 |
| October 2024 | $454,787,702 | 8 | May 10, 2024 |
| October 2025 | $502,787,978 | 8 | March 28, 2025 |
| October 2026 | $531,036,012 | 9 | September 30, 2026 |

Regulatory assets under management: $325,775,000 in the October 2023 data and $531,036,012 in the October 2026 data, up 63%.
Total employees: 6 in October 2023 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 6.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CAP91 Partners Management LLC (CRD 324057): Form ADV filing data as of October 2026.