# Flameback Capital USA, Inc

> Flameback Capital USA, Inc is an SEC-registered investment advisory firm in Bengaluru, Karnataka, India, registered since 2024, reporting under $25 million in regulatory assets under management in its Form ADV filing dated May 14, 2026.

- CRD: 329123
- Filed as: FLAMEBACK CAPITAL USA, INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bengaluru, Karnataka, India
- Filing period: October 2026
- Form ADV filing dated: May 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/329123
- AdvisorCensus page: https://advisorcensus.com/firm/flameback-capital-usa-inc-bengaluru-karnataka-329123

## Quick answers

**How is Flameback Capital USA, Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Flameback Capital USA, Inc reports these compensation arrangements: a percentage of assets under its management.

**How much does Flameback Capital USA, Inc charge?**
Its Form ADV Part 2A brochure dated May 14, 2026 states: Asset-based fee: up to 0.9% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Flameback Capital USA, Inc located?**
Flameback Capital USA, Inc's principal office is in Bengaluru, Karnataka, India, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Flameback Capital USA, Inc registered with the SEC or a state?**
Flameback Capital USA, Inc is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 329123.

**How much does Flameback Capital USA, Inc manage?**
Flameback Capital USA, Inc reports $0 in regulatory assets under management in its Form ADV filing dated May 14, 2026.

**How have Flameback Capital USA, Inc's assets and staff changed since 2024?**
In the Form ADV data for Flameback Capital USA, Inc: Regulatory assets under management: $0 in the October 2024 data and $0 in the October 2026 data. Total employees: 3 in October 2024 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**Does Flameback Capital USA, Inc 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/329123

**Does Flameback Capital USA, Inc state an account minimum?**
Its Form ADV Part 2A brochure dated May 14, 2026 says: "Flameback Capital USA requires a minimum account size of $10,000 for new clients."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated May 14, 2026)

- Asset-based fee: up to 0.9% of assets a year (the maximum the brochure states)

> Flameback Capital USA charges a maximum annual asset-based fee of 0.9%.

- Account minimum: $10,000

> Flameback Capital USA requires a minimum account size of $10,000 for new clients.

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

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

### Clients (Item 5.D)

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

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2024 (2 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Pampagna

### Websites listed on Form ADV (Item 1.I)
- [us.flamebackcapital.com](https://us.flamebackcapital.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $0 | 3 | August 21, 2024 |
| October 2025 | $0 | 3 | May 23, 2025 |
| October 2026 | $0 | 3 | May 14, 2026 |

Regulatory assets under management: $0 in the October 2024 data and $0 in the October 2026 data.
Total employees: 3 in October 2024 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Flameback Capital USA, Inc (CRD 329123): Form ADV filing data as of October 2026.