# Capitalspring

> Capitalspring is an SEC-registered investment advisory firm in Nashville, TN, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 161372
- Filed as: CAPITALSPRING
- Legal name: CSFC Management Company, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Nashville, TN
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161372
- AdvisorCensus page: https://advisorcensus.com/firm/capitalspring-nashville-tn-161372

## Quick answers

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

**Where is Capitalspring located?**
Capitalspring's principal office is in Nashville, TN, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Capitalspring registered with the SEC or a state?**
Capitalspring is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161372.

**How much does Capitalspring manage?**
Capitalspring reports $2,797,955,480 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Capitalspring's assets and staff changed since 2021?**
In the Form ADV data for Capitalspring: Regulatory assets under management: $1,637,450,387 in the October 2021 data and $2,797,955,480 in the October 2026 data, up 71%. Total employees: 26 in October 2021 and 35 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Capitalspring serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13); charitable organizations (1); state or municipal government entities (including government pension plans) (1).

**Which custodians does Capitalspring use?**
Capitalspring's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists UBS Financial Services Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Capitalspring 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/161372

**What changed in Capitalspring's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 24 to 23.

## 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))
- UBS Financial Services Inc.

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: $2,797,955,480
- Discretionary: $2,797,955,480
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | Not reported |
| High net worth individuals | Fewer than 5 | Not reported |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $2,484,413,468 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | 1 | $25,447,886 |
| State or municipal government entities (including government pension plans) | 1 | $288,094,126 |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | Not reported |
| Other | Fewer than 5 | Not reported |

### 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: 2012 (14 years)
- Employees: 35 total, 23 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, GA, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Atlanta, GA
- Dallas, TX
- El Segundo, CA
- New York, NY

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,637,450,387 | 26 | March 28, 2021 |
| October 2022 | $2,115,564,821 | 26 | March 31, 2022 |
| October 2023 | $2,223,457,347 | 28 | May 2, 2023 |
| October 2024 | $2,524,505,483 | 33 | March 28, 2024 |
| October 2025 | $2,717,012,204 | 34 | March 28, 2025 |
| October 2026 | $2,797,955,480 | 35 | March 30, 2026 |

Regulatory assets under management: $1,637,450,387 in the October 2021 data and $2,797,955,480 in the October 2026 data, up 71%.
Total employees: 26 in October 2021 and 35 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 24 to 23.

### January 2026
- No longer registered or notice-filed in NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capitalspring (CRD 161372): Form ADV filing data as of October 2026.