# Constitution Capital PM, L. P.

> Constitution Capital PM, L. P. is an SEC-registered investment advisory firm in Andover, MA, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 319678
- Filed as: CONSTITUTION CAPITAL PM, L. P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Andover, MA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/319678
- AdvisorCensus page: https://advisorcensus.com/firm/constitution-capital-pm-l-p-andover-ma-319678

## Quick answers

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

**Where is Constitution Capital PM, L. P. located?**
Constitution Capital PM, L. P.'s principal office is in Andover, MA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Constitution Capital PM, L. P. registered with the SEC or a state?**
Constitution Capital PM, L. P. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 319678.

**How much does Constitution Capital PM, L. P. manage?**
Constitution Capital PM, L. P. reports $910,776,734 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Constitution Capital PM, L. P.'s assets and staff changed since 2022?**
In the Form ADV data for Constitution Capital PM, L. P.: Regulatory assets under management: $0 in the October 2022 data and $910,776,734 in the October 2026 data. Total employees: 44 in October 2022 and 67 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Constitution Capital PM, L. P. serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Constitution Capital PM, L. P. 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/319678

**What changed in Constitution Capital PM, L. P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 26 to 24. Regulatory assets under management went from $709,658,952 to $910,776,734 (+28%). Updated its list of owners and control persons (Schedule A).

## 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: $910,776,734
- Discretionary: $910,776,734
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $910,776,734 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 67 total, 24 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- concp.com
- LinkedIn @constitution-capital-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $0 | 44 | May 23, 2022 |
| October 2023 | $675,665,750 | 52 | March 30, 2023 |
| October 2024 | $672,071,176 | 62 | March 25, 2024 |
| October 2025 | $709,658,952 | 72 | March 31, 2025 |
| October 2026 | $910,776,734 | 67 | March 31, 2026 |

Regulatory assets under management: $0 in the October 2022 data and $910,776,734 in the October 2026 data.
Total employees: 44 in October 2022 and 67 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 26 to 24.
- Regulatory assets under management went from $709,658,952 to $910,776,734 (+28%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Constitution Capital PM, L. P. (CRD 319678): Form ADV filing data as of October 2026.