{
  "crd_number": 172326,
  "slug": "crescent-park-management-l-p-los-altos-ca-172326",
  "primary_business_name": "CRESCENT PARK MANAGEMENT, L.P.",
  "legal_name": "CRESCENT PARK MANAGEMENT, L.P.",
  "dbas": [],
  "city": "Los Altos",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41940",
  "metro": {
    "cbsa_code": "41940",
    "common_name": "San Jose",
    "msa_name": "San Jose-Sunnyvale-Santa Clara, CA",
    "path": "/advisors/ca/san-jose"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-09-19",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-09-18",
  "carried_forward": false,
  "raum_total": 53838959.0,
  "raum_discretionary": 53838959.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "high_net_worth_individuals": {
      "raum": 53838959.0,
      "count": 14
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://crespark.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/172326",
  "city_as_filed": "LOS ALTOS",
  "url": "https://advisorcensus.com/firm/crescent-park-management-l-p-los-altos-ca-172326",
  "display_name": "Crescent Park Management, L.P.",
  "summary": "Crescent Park Management, L.P. is an SEC-registered investment advisory firm in Los Altos, CA, registered since 2014, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated September 18, 2026.",
  "citation": "AdvisorCensus. Crescent Park Management, L.P. (CRD 172326): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Crescent Park Management, L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Crescent Park Management, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does Crescent Park Management, L.P.'s brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated May 28, 2026 states: Asset-based fee: 1% to 1.3% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Crescent Park Management, L.P. located?",
      "a": "Crescent Park Management, L.P.'s principal office is in Los Altos, CA, according to its Form ADV."
    },
    {
      "q": "Is Crescent Park Management, L.P. registered with the SEC or a state?",
      "a": "Crescent Park Management, L.P. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 172326."
    },
    {
      "q": "How much does Crescent Park Management, L.P. manage?",
      "a": "Crescent Park Management, L.P. reports $53,838,959 in regulatory assets under management in its Form ADV filing dated September 18, 2026 (100% discretionary)."
    },
    {
      "q": "How have Crescent Park Management, L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Crescent Park Management, L.P.: Regulatory assets under management: $845,053,278 in the October 2021 data and $53,838,959 in the October 2026 data, down 94%. Total employees: 8 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Crescent Park Management, L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (14)."
    },
    {
      "q": "Which custodians does Crescent Park Management, L.P. use?",
      "a": "Crescent Park Management, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Crescent Park Management, L.P. report any disciplinary disclosures?",
      "a": "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/172326"
    },
    {
      "q": "What changed in Crescent Park Management, L.P.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Regulatory assets under management went from $234,441,995 to $53,838,959 (-77%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 845053278.0,
      "total_employees": 8,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 742481150.0,
      "total_employees": 7,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 486060491.0,
      "total_employees": 8,
      "filing_date": "2023-05-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 481490682.0,
      "total_employees": 7,
      "filing_date": "2024-05-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 351490748.0,
      "total_employees": 5,
      "filing_date": "2025-05-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 53838959.0,
      "total_employees": 1,
      "filing_date": "2026-09-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Regulatory assets under management went from $234,441,995 to $53,838,959 (-77%)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 1.",
        "Regulatory assets under management went from $351,490,748 to $234,441,995 (-33%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 28, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "1% to 1.3% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1% to 1.3% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Crescent Park typically charges management fees between 1 – 1.3% to applicable Funds depending on each Fund’s Governing Documents, which are calculated as a percentage of assets of each Fund as of the first day of each fiscal quarter."
        ]
      }
    ],
    "quotes": [
      "Crescent Park typically charges management fees between 1 – 1.3% to applicable Funds depending on each Fund’s Governing Documents, which are calculated as a percentage of assets of each Fund as of the first day of each fiscal quarter."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/crescent-park-management-l-p-los-altos-ca-172326.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 14,
      "fewer_than_5": false,
      "raum": 53838959.0
    }
  ],
  "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/172326",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}