# Chicago Atlantic Advisers, LLC

> Chicago Atlantic Advisers, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 15, 2026.

- CRD: 311619
- Filed as: CHICAGO ATLANTIC ADVISERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: July 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311619
- AdvisorCensus page: https://advisorcensus.com/firm/chicago-atlantic-advisers-llc-chicago-il-311619

## Quick answers

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

**Where is Chicago Atlantic Advisers, LLC located?**
Chicago Atlantic Advisers, LLC's principal office is in Chicago, IL, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Chicago Atlantic Advisers, LLC registered with the SEC or a state?**
Chicago Atlantic Advisers, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311619.

**How much does Chicago Atlantic Advisers, LLC manage?**
Chicago Atlantic Advisers, LLC reports $970,286,524 in regulatory assets under management in its Form ADV filing dated July 15, 2026 (100% discretionary).

**How have Chicago Atlantic Advisers, LLC's assets and staff changed since 2022?**
In the Form ADV data for Chicago Atlantic Advisers, LLC: Regulatory assets under management: $389,110,775 in the October 2022 data and $970,286,524 in the October 2026 data, up 149%. Total employees: 31 in October 2022 and 93 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Chicago Atlantic Advisers, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does Chicago Atlantic Advisers, 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/311619

**What changed in Chicago Atlantic Advisers, LLC's recent Form ADV filings?**
In the August 2026 filing data: Added an office in Farmington Hills, MI. Registered or notice-filed in MI.

## 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: $970,286,524
- Discretionary: $970,286,524
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $970,286,524 |

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

### Firm details
- Registered since: 2021 (4 years)
- Employees: 93 total, 30 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL, MI, NY, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Farmington Hills, MI
- London
- Miami, FL
- New York, NY

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $389,110,775 | 31 | August 5, 2022 |
| October 2023 | $482,989,081 | 37 | August 11, 2023 |
| October 2024 | $679,126,632 | 60 | June 3, 2024 |
| October 2025 | $628,894,488 | 88 | July 24, 2025 |
| October 2026 | $970,286,524 | 93 | July 15, 2026 |

Regulatory assets under management: $389,110,775 in the October 2022 data and $970,286,524 in the October 2026 data, up 149%.
Total employees: 31 in October 2022 and 93 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Added an office in Farmington Hills, MI.
- Registered or notice-filed in MI.

### April 2026
- Employees performing advisory functions went from 43 to 30.
- Regulatory assets under management went from $628,894,488 to $970,286,524 (+54%).
- No longer lists an office in Dallas, TX.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Chicago Atlantic Advisers, LLC (CRD 311619): Form ADV filing data as of October 2026.