# Corsair Capital LLC

> Corsair Capital LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.

- CRD: 137887
- Filed as: CORSAIR CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/137887
- AdvisorCensus page: https://advisorcensus.com/firm/corsair-capital-llc-new-york-ny-137887

## Quick answers

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

**How much does Corsair Capital LLC charge?**
Its Form ADV Part 2A brochure dated April 30, 2026 states: Asset-based fee: 0.15% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Corsair Capital LLC located?**
Corsair Capital LLC's principal office is in New York, NY, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Corsair Capital LLC registered with the SEC or a state?**
Corsair Capital LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 137887.

**How much does Corsair Capital LLC manage?**
Corsair Capital LLC reports $7,680,039,365 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (76% discretionary).

**How have Corsair Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for Corsair Capital LLC: Regulatory assets under management: $8,226,230,586 in the October 2021 data and $7,680,039,365 in the October 2026 data, down 7%. Total employees: 53 in October 2021 and 52 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Corsair Capital LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (63); sovereign wealth funds and foreign official institutions (1).

**Does Corsair 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/137887

**What changed in Corsair Capital LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 26 to 24. 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
- Other

### Fees and minimums (Form ADV Part 2A brochure dated April 30, 2026)

- Asset-based fee: 0.15% to 2% a year (a range, as the brochure states it)

> The terms of the Management Fee payable to the Investment Managers may vary among the Funds and typically ranges from 0.15% to 2.0% per annum during and after the commitment periods of the Funds.

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

### Regulatory assets under management (Item 5.F)
- Total: $7,680,039,365
- Discretionary: $5,850,519,371
- Non-discretionary: $1,829,519,994

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 63 | $6,036,786,065 |
| Sovereign wealth funds and foreign official institutions | 1 | $1,643,253,300 |

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

### Firm details
- Registered since: 2006 (20 years)
- Employees: 52 total, 24 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- London

### Websites listed on Form ADV (Item 1.I)
- [corsair-capital.com](https://corsair-capital.com)
- LinkedIn @CORSAIR-CAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $8,226,230,586 | 53 | September 23, 2021 |
| October 2022 | $8,888,077,208 | 54 | April 29, 2022 |
| October 2023 | $10,319,621,011 | 55 | April 28, 2023 |
| October 2024 | $8,434,871,345 | 59 | April 29, 2024 |
| October 2025 | $8,242,705,883 | 56 | April 30, 2025 |
| October 2026 | $7,680,039,365 | 52 | April 30, 2026 |

Regulatory assets under management: $8,226,230,586 in the October 2021 data and $7,680,039,365 in the October 2026 data, down 7%.
Total employees: 53 in October 2021 and 52 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 26 to 24.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Corsair Capital LLC (CRD 137887): Form ADV filing data as of October 2026.