# Empyrean Capital Partners, LP

> Empyrean Capital Partners, LP is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 138978
- Filed as: EMPYREAN CAPITAL PARTNERS, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/138978
- AdvisorCensus page: https://advisorcensus.com/firm/empyrean-capital-partners-lp-los-angeles-ca-138978

## Quick answers

**How is Empyrean Capital Partners, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Empyrean Capital Partners, 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 Empyrean Capital Partners, LP located?**
Empyrean Capital Partners, LP's principal office is in Los Angeles, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Empyrean Capital Partners, LP registered with the SEC or a state?**
Empyrean Capital Partners, LP is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 138978.

**How much does Empyrean Capital Partners, LP manage?**
Empyrean Capital Partners, LP reports $4,969,081,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Empyrean Capital Partners, LP's assets and staff changed since 2021?**
In the Form ADV data for Empyrean Capital Partners, LP: Regulatory assets under management: $6,744,391,447 in the October 2021 data and $4,969,081,000 in the October 2026 data, down 26%. Total employees: 32 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Empyrean Capital Partners, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Empyrean Capital Partners, 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/138978

**What changed in Empyrean Capital Partners, LP's recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in NY.

## 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: $4,969,081,000
- Discretionary: $4,969,081,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $4,969,081,000 |

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

### Firm details
- Registered since: 2006 (20 years)
- Employees: 31 total, 17 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,744,391,447 | 32 | March 26, 2021 |
| October 2022 | $6,000,532,926 | 30 | March 31, 2022 |
| October 2023 | $5,483,145,224 | 33 | March 31, 2023 |
| October 2024 | $4,987,749,891 | 30 | March 27, 2024 |
| October 2025 | $4,946,712,464 | 31 | March 28, 2025 |
| October 2026 | $4,969,081,000 | 31 | March 30, 2026 |

Regulatory assets under management: $6,744,391,447 in the October 2021 data and $4,969,081,000 in the October 2026 data, down 26%.
Total employees: 32 in October 2021 and 31 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Empyrean Capital Partners, LP (CRD 138978): Form ADV filing data as of October 2026.