# Grizzlyrock Capital, LLC

> Grizzlyrock Capital, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 226650
- Filed as: GRIZZLYROCK CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/226650
- AdvisorCensus page: https://advisorcensus.com/firm/grizzlyrock-capital-llc-chicago-il-226650

## Quick answers

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

**Where is Grizzlyrock Capital, LLC located?**
Grizzlyrock Capital, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Grizzlyrock Capital, LLC registered with the SEC or a state?**
Grizzlyrock Capital, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 226650.

**How much does Grizzlyrock Capital, LLC manage?**
Grizzlyrock Capital, LLC reports $192,696,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Grizzlyrock Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Grizzlyrock Capital, LLC: Regulatory assets under management: $163,731,597 in the October 2022 data and $192,696,000 in the October 2026 data, up 18%. Total employees: 5 in October 2022 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Grizzlyrock Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4); charitable organizations (1).

**Does Grizzlyrock Capital, 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/226650

**Does Grizzlyrock Capital, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Further, the minimum initial investment in the Funds is $500,000. The Adviser may waive or increase minimum account sizes and decline to accept new investments in its sole discretion."

## 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)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> Further, the minimum initial investment in the Funds is $500,000. The Adviser may waive or increase minimum account sizes and decline to accept new investments in its sole 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: $192,696,000
- Discretionary: $192,696,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $187,571,000 |
| Charitable organizations | 1 | $5,125,000 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [grizzlyrockcapital.com](https://grizzlyrockcapital.com)
- LinkedIn @grizzlyrock-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 26, 2021 |
| October 2022 | $163,731,597 | 5 | June 22, 2022 |
| October 2023 | $174,766,000 | 4 | March 3, 2023 |
| October 2024 | $209,134,000 | 4 | March 19, 2024 |
| October 2025 | $197,867,248 | 2 | March 31, 2025 |
| October 2026 | $192,696,000 | 2 | March 27, 2026 |

Regulatory assets under management: $163,731,597 in the October 2022 data and $192,696,000 in the October 2026 data, up 18%.
Total employees: 5 in October 2022 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Grizzlyrock Capital, LLC (CRD 226650): Form ADV filing data as of October 2026.