# Felicitas Global Partners, LLC

> Felicitas Global Partners, LLC is an SEC-registered investment advisory firm in Pasadena, CA, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 6, 2026.

- CRD: 292411
- Filed as: FELICITAS GLOBAL PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pasadena, CA
- Filing period: October 2026
- Form ADV filing dated: August 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/292411
- AdvisorCensus page: https://advisorcensus.com/firm/felicitas-global-partners-llc-pasadena-ca-292411

## Quick answers

**How is Felicitas Global Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Felicitas Global Partners, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**What does Felicitas Global Partners, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated May 6, 2026 states: Asset-based fee: 0.5% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Felicitas Global Partners, LLC located?**
Felicitas Global Partners, LLC's principal office is in Pasadena, CA, according to its Form ADV.

**Is Felicitas Global Partners, LLC registered with the SEC or a state?**
Felicitas Global Partners, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 292411.

**How much does Felicitas Global Partners, LLC manage?**
Felicitas Global Partners, LLC reports $804,376,640 in regulatory assets under management in its Form ADV filing dated August 6, 2026 (100% discretionary).

**How have Felicitas Global Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Felicitas Global Partners, LLC: Regulatory assets under management: $442,066,372 in the October 2021 data and $804,376,640 in the October 2026 data, up 82%. Total employees: 5 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Felicitas Global Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16); investment companies (1).

**Does Felicitas Global Partners, LLC 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/292411

**Does Felicitas Global Partners, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated May 6, 2026 says: "FGP generally requires a minimum account size of $1,000,000 but FGP may waive this minimum at its discretion."

**What changed in Felicitas Global Partners, LLC's recent Form ADV filings?**
In the September 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
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated May 6, 2026)

- Asset-based fee: 0.5% to 1.75% a year (a range, as the brochure states it)

> FGP’s current management fees are, generally, between 0.50% and 1.75% of committed capital.

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> FGP generally requires a minimum account size of $1,000,000 but FGP may waive this minimum at its discretion.

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

### Regulatory assets under management (Item 5.F)
- Total: $804,376,640
- Discretionary: $804,376,640
- 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 | 1 | $109,009,836 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $695,366,804 |
| 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 investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 15 total, 9 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)
- felicitasgp.com
- LinkedIn @felicitas-global-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $442,066,372 | 5 | March 29, 2021 |
| October 2022 | $658,846,110 | 8 | March 31, 2022 |
| October 2023 | $750,415,773 | 12 | September 28, 2023 |
| October 2024 | $819,101,798 | 12 | June 18, 2024 |
| October 2025 | $865,557,259 | 11 | April 24, 2025 |
| October 2026 | $804,376,640 | 15 | August 6, 2026 |

Regulatory assets under management: $442,066,372 in the October 2021 data and $804,376,640 in the October 2026 data, up 82%.
Total employees: 5 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Regulatory assets under management went from $865,557,259 to $757,973,320 (-12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Felicitas Global Partners, LLC (CRD 292411): Form ADV filing data as of October 2026.