# Capzone Management LLC

> Capzone Management LLC is an SEC-registered investment advisory firm in Norwalk, CT, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 330135
- Filed as: CAPZONE MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Norwalk, CT
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/330135
- AdvisorCensus page: https://advisorcensus.com/firm/capzone-management-llc-norwalk-ct-330135

## Quick answers

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

**Where is Capzone Management LLC located?**
Capzone Management LLC's principal office is in Norwalk, CT, according to its Form ADV.

**Is Capzone Management LLC registered with the SEC or a state?**
Capzone Management LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 330135.

**How much does Capzone Management LLC manage?**
Capzone Management LLC reports $201,611,724 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Capzone Management LLC's assets and staff changed since 2024?**
In the Form ADV data for Capzone Management LLC: Regulatory assets under management: $208,000,000 in the October 2024 data and $201,611,724 in the October 2026 data, down 3%. Total employees: 3 in October 2024 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Capzone 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/330135

**Does Capzone Management LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "CZM imposes a minimum of $8 million to invest in the Fund. However, this amount can be waived or reduced at the discretion of CZM or an affiliate."

**What changed in Capzone Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 9.

## 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 27, 2026)

- Account minimum: $8,000,000 (the brochure says it may be waived or negotiated)

> CZM imposes a minimum of $8 million to invest in the Fund. However, this amount can be waived or reduced at the discretion of CZM or an affiliate.

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

### Regulatory assets under management (Item 5.F)
- Total: $201,611,724
- Discretionary: $201,611,724
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $201,611,724 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 24 total, 9 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)
- capzoneimpactinvestments.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $208,000,000 | 3 | September 25, 2024 |
| October 2025 | $204,794,770 | 14 | May 12, 2025 |
| October 2026 | $201,611,724 | 24 | March 27, 2026 |

Regulatory assets under management: $208,000,000 in the October 2024 data and $201,611,724 in the October 2026 data, down 3%.
Total employees: 3 in October 2024 and 24 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 9.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capzone Management LLC (CRD 330135): Form ADV filing data as of October 2026.