AdvisorCensus / Financial advisors / California / Los Angeles / Dafna Capital Management, LLC
Dafna Capital Management, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2003, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Dafna Capital Management, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Dafna Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Dafna Capital Management, LLC located?
Dafna Capital Management, LLC's principal office is in Los Angeles, CA, according to its Form ADV.
Is Dafna Capital Management, LLC registered with the SEC or a state?
Dafna Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 129053.
How much does Dafna Capital Management, LLC manage?
Dafna Capital Management, LLC reports $645,210,327 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have Dafna Capital Management, LLC's assets and staff changed since 2021?
In the Form ADV data for Dafna Capital Management, LLC: Regulatory assets under management: $741,970,101 in the October 2021 data and $645,210,327 in the October 2026 data, down 13%. Total employees: 7 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Dafna Capital Management, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).
Does Dafna Capital Management, 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/129053
Does Dafna Capital Management, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Adviser generally requires investors in a Fund to make a minimum initial investment of at least $1,000,000 and to maintain a minimum account balance of $1,000,000 in the Fund." "The minimum contribution and investor requirements may be waived by Adviser in its sole discretion."
What changed in Dafna Capital Management, LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $537,691,399 to $645,210,327 (+20%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Adviser generally requires investors in a Fund to make a minimum initial investment of at least $1,000,000 and to maintain a minimum account balance of $1,000,000 in the Fund.
The minimum contribution and investor requirements may be waived by Adviser in its sole discretion.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$645,210,327 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2003 (22 years)
- Employees
- Total: 8. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $645,210,327 | 8 | March 30, 2026 |
| October 2025 | $537,691,399 | 8 | March 28, 2025 |
| October 2024 | $647,896,107 | 8 | March 27, 2024 |
| October 2023 | $542,728,476 | 7 | March 30, 2023 |
| October 2022 | $589,457,792 | 7 | March 30, 2022 |
| October 2021 | $741,970,101 | 7 | March 30, 2021 |
Regulatory assets under management: $741,970,101 in the October 2021 data and $645,210,327 in the October 2026 data, down 13%.
Total employees: 7 in October 2021 and 8 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $537,691,399 to $645,210,327 (+20%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Dafna Capital Management, LLC (CRD 129053): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/dafna-capital-management-llc-los-angeles-ca-129053