# Centerstar Asset Management, LLC

> Centerstar Asset Management, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 289928
- Filed as: CENTERSTAR ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/289928
- AdvisorCensus page: https://advisorcensus.com/firm/centerstar-asset-management-llc-chicago-il-289928

## Quick answers

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

**Where is Centerstar Asset Management, LLC located?**
Centerstar Asset Management, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Centerstar Asset Management, LLC registered with the SEC or a state?**
Centerstar Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289928.

**How much does Centerstar Asset Management, LLC manage?**
Centerstar Asset Management, LLC reports $138,601,644 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

**How have Centerstar Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Centerstar Asset Management, LLC: Regulatory assets under management: $186,267,326 in the October 2021 data and $138,601,644 in the October 2026 data, down 26%. Total employees: 7 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Centerstar Asset Management, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/289928

**Does Centerstar Asset Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 24, 2026 says: "The minimum investment required by an investor in any of the Funds is $500,000, though the amount could be more or less. Investment minimums are generally subject to waiver by CSAM."

**What changed in Centerstar Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $115,097,747 to $138,601,644 (+20%).

## 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 24, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> The minimum investment required by an investor in any of the Funds is $500,000, though the amount could be more or less. Investment minimums are generally subject to waiver by CSAM.

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

### Regulatory assets under management (Item 5.F)
- Total: $138,601,644
- Discretionary: $138,601,644
- 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) | 3 | $138,601,644 |
| 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: 2017 (9 years)
- Employees: 8 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/289928

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $186,267,326 | 7 | August 25, 2021 |
| October 2022 | $206,080,855 | 4 | March 3, 2022 |
| October 2023 | $113,131,708 | 5 | September 12, 2023 |
| October 2024 | $178,858,886 | 6 | June 17, 2024 |
| October 2025 | $115,097,747 | 8 | July 9, 2025 |
| October 2026 | $138,601,644 | 8 | March 24, 2026 |

Regulatory assets under management: $186,267,326 in the October 2021 data and $138,601,644 in the October 2026 data, down 26%.
Total employees: 7 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $115,097,747 to $138,601,644 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Centerstar Asset Management, LLC (CRD 289928): Form ADV filing data as of October 2026.