# Core Alternative Capital, LLC

> Core Alternative Capital, LLC is an SEC-registered investment advisory firm in Peachtree Corners, GA, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 302011
- Filed as: CORE ALTERNATIVE CAPITAL, LLC
- Legal name: Pursell Management Co. LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Peachtree Corners, GA
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/302011
- AdvisorCensus page: https://advisorcensus.com/firm/core-alternative-capital-llc-peachtree-corners-ga-302011

## Quick answers

**How is Core Alternative Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Core Alternative Capital, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Core Alternative Capital, LLC located?**
Core Alternative Capital, LLC's principal office is in Peachtree Corners, GA, according to its Form ADV.

**Is Core Alternative Capital, LLC registered with the SEC or a state?**
Core Alternative Capital, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 302011.

**How much does Core Alternative Capital, LLC manage?**
Core Alternative Capital, LLC reports $354,000,000 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Core Alternative Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Core Alternative Capital, LLC: Regulatory assets under management: $336,767,551 in the October 2021 data and $354,000,000 in the October 2026 data, up 5%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Core Alternative Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (2); other investment advisers (1).

**Which custodians does Core Alternative Capital, LLC use?**
Core Alternative Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Distributors Company LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Core Alternative Capital, 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/302011

**What changed in Core Alternative Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $438,000,000 to $354,000,000 (-19%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Distributors Company LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $354,000,000
- Discretionary: $354,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 2 | $67,000,000 |
| Other investment advisers | 1 | $287,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2019 (7 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $336,767,551 | 4 | January 29, 2021 |
| October 2022 | $543,366,220 | 5 | April 12, 2022 |
| October 2023 | $823,000,000 | 6 | March 30, 2023 |
| October 2024 | $618,000,000 | 5 | May 7, 2024 |
| October 2025 | $438,000,000 | 4 | March 25, 2025 |
| October 2026 | $354,000,000 | 4 | March 26, 2026 |

Regulatory assets under management: $336,767,551 in the October 2021 data and $354,000,000 in the October 2026 data, up 5%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $438,000,000 to $354,000,000 (-19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Core Alternative Capital, LLC (CRD 302011): Form ADV filing data as of October 2026.