# Falfurrias Management Partners LP

> Falfurrias Management Partners LP is an SEC-registered investment advisory firm in Charlotte, NC, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 163076
- Filed as: FALFURRIAS MANAGEMENT PARTNERS LP
- Also doing business as: FALFURRIAS EQUITY PARTNERS II LLC (RELYING ADVISER), FALFURRIAS EQUITY PARTNERS III LLC (RELYING ADVISER), FALFURRIAS EQUITY PARTNERS IV LLC (RELYING ADVISER), FALFURRIAS EQUITY PARTNERS V LLC (RELYING ADVISOR), FALFURRIAS EQUITY PARTNERS VI LLC (RELYING ADVISER), FALFURRIAS GROWTH PARTNERS GP I LLC (RELYING ADVISOR)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Charlotte, NC
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/163076
- AdvisorCensus page: https://advisorcensus.com/firm/falfurrias-management-partners-lp-charlotte-nc-163076

## Quick answers

**How is Falfurrias Management Partners LP compensated?**
On its Form ADV (Item 5.E, October 2026), Falfurrias Management 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 Falfurrias Management Partners LP located?**
Falfurrias Management Partners LP's principal office is in Charlotte, NC, according to its Form ADV.

**Is Falfurrias Management Partners LP registered with the SEC or a state?**
Falfurrias Management Partners LP is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 163076.

**How much does Falfurrias Management Partners LP manage?**
Falfurrias Management Partners LP reports $3,712,074,667 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Falfurrias Management Partners LP's assets and staff changed since 2021?**
In the Form ADV data for Falfurrias Management Partners LP: Regulatory assets under management: $2,600,260,054 in the October 2021 data and $3,712,074,667 in the October 2026 data, up 43%. Total employees: 22 in October 2021 and 55 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Falfurrias Management Partners LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does Falfurrias Management 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/163076

**What changed in Falfurrias Management Partners LP's recent Form ADV filings?**
In the April 2026 filing data: Added the business name Falfurrias Equity Partners VI LLC (Relying Adviser). Employees performing advisory functions went from 35 to 46. Regulatory assets under management went from $3,159,782,090 to $3,712,074,667 (+17%). 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

### Regulatory assets under management (Item 5.F)
- Total: $3,712,074,667
- Discretionary: $3,712,074,667
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $3,712,074,667 |

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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 55 total, 46 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- falfurrias.com
- LinkedIn @falfurrias

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,600,260,054 | 22 | March 31, 2021 |
| October 2022 | $2,786,690,447 | 27 | March 31, 2022 |
| October 2023 | $2,697,534,212 | 30 | March 31, 2023 |
| October 2024 | $3,216,939,145 | 40 | July 18, 2024 |
| October 2025 | $3,159,782,090 | 40 | March 31, 2025 |
| October 2026 | $3,712,074,667 | 55 | March 31, 2026 |

Regulatory assets under management: $2,600,260,054 in the October 2021 data and $3,712,074,667 in the October 2026 data, up 43%.
Total employees: 22 in October 2021 and 55 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Added the business name Falfurrias Equity Partners VI LLC (Relying Adviser).
- Employees performing advisory functions went from 35 to 46.
- Regulatory assets under management went from $3,159,782,090 to $3,712,074,667 (+17%).
- Updated its list of owners and control persons (Schedule A).

### March 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. Falfurrias Management Partners LP (CRD 163076): Form ADV filing data as of October 2026.