# Genstar Capital

> Genstar Capital is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 21, 2026.

- CRD: 156932
- Filed as: GENSTAR CAPITAL
- Legal name: Genstar Capital Management LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: April 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156932
- AdvisorCensus page: https://advisorcensus.com/firm/genstar-capital-san-francisco-ca-156932

## Quick answers

**How is Genstar Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Genstar Capital reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

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

**Is Genstar Capital registered with the SEC or a state?**
Genstar Capital is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156932.

**How much does Genstar Capital manage?**
Genstar Capital reports $51,264,294,886 in regulatory assets under management in its Form ADV filing dated April 21, 2026 (100% discretionary).

**How have Genstar Capital's assets and staff changed since 2021?**
In the Form ADV data for Genstar Capital: Regulatory assets under management: $33,216,574,794 in the October 2021 data and $51,264,294,886 in the October 2026 data, up 54%. Total employees: 41 in October 2021 and 49 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Genstar Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (30).

**Does Genstar Capital 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/156932

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $51,264,294,886
- Discretionary: $51,264,294,886
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 30 | $51,264,294,886 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 49 total, 28 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)
- gencap.com
- LinkedIn @GENSTAR-CAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $33,216,574,794 | 41 | August 4, 2021 |
| October 2022 | $35,081,505,908 | 42 | July 13, 2022 |
| October 2023 | $35,931,454,330 | 44 | March 31, 2023 |
| October 2024 | $48,648,549,452 | 47 | April 24, 2024 |
| October 2025 | $50,405,051,230 | 48 | March 31, 2025 |
| October 2026 | $51,264,294,886 | 49 | April 21, 2026 |

Regulatory assets under management: $33,216,574,794 in the October 2021 data and $51,264,294,886 in the October 2026 data, up 54%.
Total employees: 41 in October 2021 and 49 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Genstar Capital (CRD 156932): Form ADV filing data as of October 2026.