# Castleark Alternatives, LLC

> Castleark Alternatives, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2024, reporting under $25 million in regulatory assets under management in its Form ADV filing dated April 1, 2026.

- CRD: 288893
- Filed as: CASTLEARK ALTERNATIVES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: April 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288893
- AdvisorCensus page: https://advisorcensus.com/firm/castleark-alternatives-llc-chicago-il-288893

## Quick answers

**How is Castleark Alternatives, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Castleark Alternatives, 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 Castleark Alternatives, LLC located?**
Castleark Alternatives, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Castleark Alternatives, LLC registered with the SEC or a state?**
Castleark Alternatives, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 288893.

**How much does Castleark Alternatives, LLC manage?**
Castleark Alternatives, LLC reports $8,240,000 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (100% discretionary).

**How have Castleark Alternatives, LLC's assets and staff changed since 2021?**
In the Form ADV data for Castleark Alternatives, LLC: Regulatory assets under management: $181,278,400 in the October 2021 data and $8,240,000 in the October 2026 data, down 95%. Total employees: 6 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Castleark Alternatives, 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 Castleark Alternatives, 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/288893

## 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: $8,240,000
- Discretionary: $8,240,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $8,240,000 |

### 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, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- 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 | $181,278,400 | 6 | April 30, 2021 |
| October 2024 | $9,200,000 | 6 | March 27, 2024 |
| October 2025 | $8,128,000 | 5 | March 31, 2025 |
| October 2026 | $8,240,000 | 5 | April 1, 2026 |

Regulatory assets under management: $181,278,400 in the October 2021 data and $8,240,000 in the October 2026 data, down 95%.
Total employees: 6 in October 2021 and 5 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Castleark Alternatives, LLC (CRD 288893): Form ADV filing data as of October 2026.