# Encore Consumer Capital, LP

> Encore Consumer Capital, LP is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 157228
- Filed as: ENCORE CONSUMER CAPITAL, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157228
- AdvisorCensus page: https://advisorcensus.com/firm/encore-consumer-capital-lp-san-francisco-ca-157228

## Quick answers

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

**How much does Encore Consumer Capital, LP charge?**
Its Form ADV Part 2A brochure dated March 20, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Encore Consumer Capital, LP located?**
Encore Consumer Capital, LP's principal office is in San Francisco, CA, according to its Form ADV.

**Is Encore Consumer Capital, LP registered with the SEC or a state?**
Encore Consumer Capital, LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157228.

**How much does Encore Consumer Capital, LP manage?**
Encore Consumer Capital, LP reports $786,218,636 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary).

**How have Encore Consumer Capital, LP's assets and staff changed since 2021?**
In the Form ADV data for Encore Consumer Capital, LP: Regulatory assets under management: $431,502,696 in the October 2021 data and $786,218,636 in the October 2026 data, up 82%. Total employees: 12 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Encore Consumer 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/157228

**What changed in Encore Consumer Capital, LP's recent Form ADV filings?**
In the April 2026 filing data: 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
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 20, 2026)

- Asset-based fee: 2% of assets a year

> Encore receives a quarterly management fee from each Fund in an amount equal to 2.00% per annum. The Management Fee is based on a percentage of capital commitments or capital contributions remaining invested, as applicable.

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

### Regulatory assets under management (Item 5.F)
- Total: $786,218,636
- Discretionary: $786,218,636
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $786,218,636 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 12 total, 10 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)
- encoreconsumercapital.com
- LinkedIn @encore-consumer-capital-sf

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $431,502,696 | 12 | March 19, 2021 |
| October 2022 | $467,519,525 | 12 | February 28, 2022 |
| October 2023 | $568,747,094 | 12 | March 28, 2023 |
| October 2024 | $662,333,181 | 12 | March 26, 2024 |
| October 2025 | $722,797,552 | 12 | March 21, 2025 |
| October 2026 | $786,218,636 | 12 | March 20, 2026 |

Regulatory assets under management: $431,502,696 in the October 2021 data and $786,218,636 in the October 2026 data, up 82%.
Total employees: 12 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Encore Consumer Capital, LP (CRD 157228): Form ADV filing data as of October 2026.