# ELI Circle Capital, LP

> ELI Circle Capital, LP is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 326553
- Filed as: ELI CIRCLE CAPITAL, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/326553
- AdvisorCensus page: https://advisorcensus.com/firm/eli-circle-capital-lp-los-angeles-ca-326553

## Quick answers

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

**Where is ELI Circle Capital, LP located?**
ELI Circle Capital, LP's principal office is in Los Angeles, CA, according to its Form ADV.

**Is ELI Circle Capital, LP registered with the SEC or a state?**
ELI Circle Capital, LP is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 326553.

**How much does ELI Circle Capital, LP manage?**
ELI Circle Capital, LP reports $209,025,215 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (95% discretionary).

**How have ELI Circle Capital, LP's assets and staff changed since 2023?**
In the Form ADV data for ELI Circle Capital, LP: Regulatory assets under management: $140,956,860 in the October 2025 data and $209,025,215 in the October 2026 data, up 48%. Total employees: 3 in October 2025 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does ELI Circle Capital, LP serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1); pooled investment vehicles (other than investment companies and business development companies) (1); other (1).

**Does ELI Circle Capital, 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/326553

**What changed in ELI Circle Capital, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $140,956,860 to $209,025,215 (+48%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $209,025,215
- Discretionary: $199,584,144
- Non-discretionary: $9,441,071

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1 | $2,942,006 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $196,642,138 |
| Other | 1 | $9,441,071 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2025 (1 year)
- Employees: 4 total, 4 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)
- elicirclecap.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | Not reported | Not reported | September 14, 2023 |
| October 2024 | Not reported | Not reported | March 26, 2024 |
| October 2025 | $140,956,860 | 3 | May 20, 2025 |
| October 2026 | $209,025,215 | 4 | March 16, 2026 |

Regulatory assets under management: $140,956,860 in the October 2025 data and $209,025,215 in the October 2026 data, up 48%.
Total employees: 3 in October 2025 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 4.
- Regulatory assets under management went from $140,956,860 to $209,025,215 (+48%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. ELI Circle Capital, LP (CRD 326553): Form ADV filing data as of October 2026.