# Emerging Capital Partners

> Emerging Capital Partners is an SEC-registered investment advisory firm in Washington, DC, registered since 2025, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 337282
- Filed as: EMERGING CAPITAL PARTNERS
- Legal name: Darcyville Management LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Washington, DC
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/337282
- AdvisorCensus page: https://advisorcensus.com/firm/emerging-capital-partners-washington-dc-337282

## Quick answers

**How is Emerging Capital Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Emerging Capital Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Emerging Capital Partners located?**
Emerging Capital Partners' principal office is in Washington, DC, according to its Form ADV.

**Is Emerging Capital Partners registered with the SEC or a state?**
Emerging Capital Partners is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 337282.

**How much does Emerging Capital Partners manage?**
Emerging Capital Partners reports $836,563,608 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**What types of clients does Emerging Capital Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Does Emerging Capital Partners report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/337282

**Does Emerging Capital Partners state an account minimum?**
Its Form ADV Part 2A brochure dated December 2, 2025 says: "It is the standard policy of this Advisor that the minimum commitment from an investor must be at least five hundred thousand (500,000) USD."

**What changed in Emerging Capital Partners' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,060,978,233 to $836,563,608 (-21%). Employees performing advisory functions went from 5 to 4.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated December 2, 2025)

- Account minimum: $500,000

> It is the standard policy of this Advisor that the minimum commitment from an investor must be at least five hundred thousand (500,000) USD.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $836,563,608
- Discretionary: $836,563,608
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $836,563,608 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2025 (0 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/337282

### Websites listed on Form ADV (Item 1.I)
- ecpinvestments.com
- LinkedIn @emerging-capital-partners

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,060,978,233 to $836,563,608 (-21%).
- Employees performing advisory functions went from 5 to 4.

### January 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Emerging Capital Partners (CRD 337282): Form ADV filing data as of October 2026.