# Flight Deck Capital, LP

> Flight Deck Capital, LP is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 311353
- Filed as: FLIGHT DECK CAPITAL, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311353
- AdvisorCensus page: https://advisorcensus.com/firm/flight-deck-capital-lp-san-francisco-ca-311353

## Quick answers

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

**What does Flight Deck Capital, LP's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

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

**Is Flight Deck Capital, LP registered with the SEC or a state?**
Flight Deck Capital, LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311353.

**How much does Flight Deck Capital, LP manage?**
Flight Deck Capital, LP reports $358,665,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Flight Deck Capital, LP's assets and staff changed since 2021?**
In the Form ADV data for Flight Deck Capital, LP: Regulatory assets under management: $389,421,482 in the October 2021 data and $358,665,000 in the October 2026 data, down 8%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Flight Deck Capital, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Flight Deck 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/311353

**Does Flight Deck Capital, LP state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Investors are generally required to invest a minimum of $1,000,000. Flight Deck may waive this minimum."

**What changed in Flight Deck Capital, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $234,700,000 to $358,665,000 (+53%). 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 27, 2026)

- Asset-based fee: 1.5% of assets a year

> The management fee/allocation is generally charged quarterly at a rate of 1.5% per year and is based on each Investor’s capital balance as of the beginning of such calendar quarter.

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

> Investors are generally required to invest a minimum of $1,000,000. Flight Deck may waive this minimum.

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

### Regulatory assets under management (Item 5.F)
- Total: $358,665,000
- Discretionary: $358,665,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $358,665,000 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 4 total, 2 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)
- flightdeckcap.com
- LinkedIn @flight-deck-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $389,421,482 | 6 | July 15, 2021 |
| October 2022 | $426,252,000 | 6 | March 31, 2022 |
| October 2023 | $331,871,000 | 6 | March 27, 2023 |
| October 2024 | $227,555,000 | 6 | March 28, 2024 |
| October 2025 | $234,700,000 | 4 | March 31, 2025 |
| October 2026 | $358,665,000 | 4 | March 27, 2026 |

Regulatory assets under management: $389,421,482 in the October 2021 data and $358,665,000 in the October 2026 data, down 8%.
Total employees: 6 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $234,700,000 to $358,665,000 (+53%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Flight Deck Capital, LP (CRD 311353): Form ADV filing data as of October 2026.