# Darlington Partners Capital Management, LP

> Darlington Partners Capital Management, LP is an SEC-registered investment advisory firm in Greenbrae, CA, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 311926
- Filed as: DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenbrae, CA
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311926
- AdvisorCensus page: https://advisorcensus.com/firm/darlington-partners-capital-management-lp-greenbrae-ca-311926

## Quick answers

**How is Darlington Partners Capital Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Darlington Partners Capital Management, LP reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Darlington Partners Capital Management, LP located?**
Darlington Partners Capital Management, LP's principal office is in Greenbrae, CA, according to its Form ADV.

**Is Darlington Partners Capital Management, LP registered with the SEC or a state?**
Darlington Partners Capital Management, LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311926.

**How much does Darlington Partners Capital Management, LP manage?**
Darlington Partners Capital Management, LP reports $3,275,973,823 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Darlington Partners Capital Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Darlington Partners Capital Management, LP: Regulatory assets under management: $1,615,893,000 in the October 2021 data and $3,275,973,823 in the October 2026 data, up 103%. 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 Darlington Partners Capital Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Darlington Partners Capital Management, LP 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/311926

**What changed in Darlington Partners Capital Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 6. 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
- Other

### Regulatory assets under management (Item 5.F)
- Total: $3,275,973,823
- Discretionary: $3,275,973,823
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $3,275,973,823 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [darlington-partners.com](https://darlington-partners.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,615,893,000 | 7 | June 30, 2021 |
| October 2022 | $1,678,882,586 | 8 | July 12, 2022 |
| October 2023 | $1,518,178,268 | 9 | April 20, 2023 |
| October 2024 | $2,156,663,460 | 9 | March 28, 2024 |
| October 2025 | $3,365,169,572 | 10 | March 28, 2025 |
| October 2026 | $3,275,973,823 | 8 | March 25, 2026 |

Regulatory assets under management: $1,615,893,000 in the October 2021 data and $3,275,973,823 in the October 2026 data, up 103%.
Total employees: 7 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 6.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Darlington Partners Capital Management, LP (CRD 311926): Form ADV filing data as of October 2026.