{ "crd_number": 156605, "slug": "denham-capital-management-lp-boston-ma-156605", "primary_business_name": "DENHAM CAPITAL MANAGEMENT LP", "legal_name": "DENHAM CAPITAL MANAGEMENT LP", "dbas": [ "DENHAM CAPITAL MANAGEMENT (UK) LLP" ], "city": "Boston", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-16", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 5264574125.0, "raum_discretionary": 5264574125.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 29, "advisory_employees": 25, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "insurance_companies": { "raum": 2024042132.0, "count": 3, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 3240531993.0, "count": 9 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MA", "NJ", "TX" ], "websites": [ "https://denhamcapital.com", "https://linkedin.com/company/denham-capital/about" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156605", "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/denham-capital-management-lp-boston-ma-156605", "display_name": "Denham Capital Management LP", "summary": "Denham Capital Management LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Denham Capital Management LP (CRD 156605): 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 pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Denham Capital Management LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Denham Capital Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "What does Denham Capital Management LP's brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1% 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." }, { "q": "Where is Denham Capital Management LP located?", "a": "Denham Capital Management LP's principal office is in Boston, MA, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)." }, { "q": "Is Denham Capital Management LP registered with the SEC or a state?", "a": "Denham Capital Management LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156605." }, { "q": "How much does Denham Capital Management LP manage?", "a": "Denham Capital Management LP reports $5,264,574,125 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Denham Capital Management LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Denham Capital Management LP: Regulatory assets under management: $4,755,061,998 in the October 2021 data and $5,264,574,125 in the October 2026 data, up 11%. Total employees: 58 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Denham Capital Management LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); insurance companies (3)." }, { "q": "Does Denham Capital Management LP 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/156605" } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4755061998.0, "total_employees": 58, "filing_date": "2021-07-14" }, { "period": "2022-10-01", "regulatory_assets_under_management": 7507619959.0, "total_employees": 60, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 6350730492.0, "total_employees": 34, "filing_date": "2023-09-12" }, { "period": "2024-10-01", "regulatory_assets_under_management": 6125493267.0, "total_employees": 30, "filing_date": "2024-03-30" }, { "period": "2025-10-01", "regulatory_assets_under_management": 5724623163.0, "total_employees": 29, "filing_date": "2025-05-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5264574125.0, "total_employees": 29, "filing_date": "2026-03-31" } ], "recent_changes": [], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "tiers": [], "flat_rate": null, "stated_range": "1% to 2% 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 2% a year (a range, as the brochure states it)" ], "quotes": [ "This management fee generally ranges from 1% to 2% per annum of capital commitments and generally is reduced upon the end of a fund’s commitment period." ] } ], "quotes": [ "This management fee generally ranges from 1% to 2% per annum of capital commitments and generally is reduced upon the end of a fund’s commitment period." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/denham-capital-management-lp-boston-ma-156605.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 9, "fewer_than_5": false, "raum": 3240531993.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 3, "fewer_than_5": true, "raum": 2024042132.0 } ], "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/156605", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }