{
  "crd_number": 163621,
  "slug": "cephei-capital-hong-kong-163621",
  "primary_business_name": "CEPHEI CAPITAL",
  "legal_name": "CEPHEI CAPITAL MANAGEMENT (HONG KONG) LIMITED",
  "dbas": [],
  "city": "Hong Kong",
  "state": null,
  "country": "China",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "exempt",
  "registration_status": "ERA - Active",
  "registration_date": "2026-02-09",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-02-09",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": null,
  "advisory_employees": null,
  "client_count_bucket": null,
  "clients_by_type": null,
  "compensation_types": [],
  "advisory_activities": [],
  "wrap_fee_participant": null,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://cdhfund.com/cephei",
    "https://linkedin.com/company/cepheicapital/about"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/163621",
  "city_as_filed": "HONG KONG",
  "url": "https://advisorcensus.com/firm/cephei-capital-hong-kong-163621",
  "display_name": "Cephei Capital",
  "summary": "Cephei Capital is an exempt reporting adviser in Hong Kong, China, filing reports since 2026. Exempt reporting advisers do not report regulatory assets under management on Form ADV.",
  "citation": "AdvisorCensus. Cephei Capital (CRD 163621): Form ADV filing data as of October 2026.",
  "registration_type_label": "Exempt reporting adviser",
  "compensation_labels": [],
  "advisory_activity_labels": [],
  "quick_answers": [
    {
      "q": "Where is Cephei Capital located?",
      "a": "Cephei Capital's principal office is in Hong Kong, China, according to its Form ADV."
    },
    {
      "q": "How does Cephei Capital report to regulators?",
      "a": "Cephei Capital is an exempt reporting adviser, filing reports since 2026. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 163621."
    },
    {
      "q": "How have Cephei Capital's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cephei Capital: Regulatory assets under management: $9,494,790,360 in the October 2021 data and $4,854,886,809 in the October 2025 data, down 49%. Total employees: 14 in October 2021 and 13 in October 2025. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "Does Cephei Capital report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/163621"
    },
    {
      "q": "What changed in Cephei Capital's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 9494790360.0,
      "total_employees": 14,
      "filing_date": "2021-03-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 8698181018.0,
      "total_employees": 15,
      "filing_date": "2022-04-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 6435288410.0,
      "total_employees": 15,
      "filing_date": "2023-04-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 5069216691.0,
      "total_employees": 15,
      "filing_date": "2024-04-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4854886809.0,
      "total_employees": 13,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2026-02-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/cephei-capital-hong-kong-163621.md",
  "clients": [],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/163621",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}