{ "crd_number": 156096, "slug": "frontenac-chicago-il-156096", "primary_business_name": "FRONTENAC", "legal_name": "FRONTENAC COMPANY LLC", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-30", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-16", "carried_forward": false, "raum_total": 2025783003.0, "raum_discretionary": 2025783003.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 28, "advisory_employees": 23, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 2025783003.0, "count": 10 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "other", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IL" ], "websites": [ "https://frontenac.com", "https://linkedin.com/company/frontenac", "https://youtube.com/channel/UCqBuNNg_nYW1BMpZTpqI7rA" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156096", "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/frontenac-chicago-il-156096", "display_name": "Frontenac", "summary": "Frontenac is an SEC-registered investment advisory firm in Chicago, IL, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 16, 2026.", "citation": "AdvisorCensus. Frontenac (CRD 156096): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Other" ], "quick_answers": [ { "q": "How is Frontenac compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Frontenac reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other." }, { "q": "What does Frontenac's brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated March 16, 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." }, { "q": "Where is Frontenac located?", "a": "Frontenac's principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is Frontenac registered with the SEC or a state?", "a": "Frontenac is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156096." }, { "q": "How much does Frontenac manage?", "a": "Frontenac reports $2,025,783,003 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary)." }, { "q": "How have Frontenac's assets and staff changed since 2021?", "a": "In the Form ADV data for Frontenac: Regulatory assets under management: $628,599,275 in the October 2021 data and $2,025,783,003 in the October 2026 data, up 222%. Total employees: 17 in October 2021 and 28 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Frontenac serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10)." }, { "q": "Does Frontenac report any disciplinary disclosures?", "a": "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/156096" }, { "q": "Does Frontenac state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 16, 2026 says: \"The Funds generally have a $2 million minimum investment amount for third-party investors; such minimum investment amount is permitted to be waived by Frontenac in its sole discretion.\"" }, { "q": "What changed in Frontenac's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 22 to 23." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 628599275.0, "total_employees": 17, "filing_date": "2021-06-24" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1088115232.0, "total_employees": 16, "filing_date": "2022-03-26" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1353764024.0, "total_employees": 20, "filing_date": "2023-03-20" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1446461048.0, "total_employees": 23, "filing_date": "2024-06-14" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2197698780.0, "total_employees": 25, "filing_date": "2025-03-19" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2025783003.0, "total_employees": 28, "filing_date": "2026-03-16" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 22 to 23." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 16, 2026", "tiers": [], "flat_rate": "2% of assets a year", "stated_range": null, "stated_maximum": null, "account_minimum": "$2,000,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 2% of assets a year" ], "quotes": [ "In general, each Fund pays Frontenac a 2% Management Fee that is initially based on total non-affiliated investor capital commitments to the Fund; then, after the end of the Fund’s stipulated commitment period, the Management Fee is based on non-affiliated investors’ capital invested in active portfolio companies" ] }, { "label": "Account minimum", "statements": [ "Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "The Funds generally have a $2 million minimum investment amount for third-party investors; such minimum investment amount is permitted to be waived by Frontenac in its sole discretion." ] } ], "quotes": [ "In general, each Fund pays Frontenac a 2% Management Fee that is initially based on total non-affiliated investor capital commitments to the Fund; then, after the end of the Fund’s stipulated commitment period, the Management Fee is based on non-affiliated investors’ capital invested in active portfolio companies", "The Funds generally have a $2 million minimum investment amount for third-party investors; such minimum investment amount is permitted to be waived by Frontenac in its sole discretion." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/frontenac-chicago-il-156096.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 10, "fewer_than_5": false, "raum": 2025783003.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156096", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }