# Harbert Fund Advisors, LLC

> Harbert Fund Advisors, LLC is an SEC-registered investment advisory firm in Birmingham, AL, registered since 1998, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 110577
- Filed as: HARBERT FUND ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Birmingham, AL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110577
- AdvisorCensus page: https://advisorcensus.com/firm/harbert-fund-advisors-llc-birmingham-al-110577

## Quick answers

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

**Where is Harbert Fund Advisors, LLC located?**
Harbert Fund Advisors, LLC's principal office is in Birmingham, AL, according to its Form ADV; the April 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is Harbert Fund Advisors, LLC registered with the SEC or a state?**
Harbert Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 110577.

**How much does Harbert Fund Advisors, LLC manage?**
Harbert Fund Advisors, LLC reports $7,820,741,788 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Harbert Fund Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Harbert Fund Advisors, LLC: Regulatory assets under management: $7,412,730,122 in the October 2021 data and $7,820,741,788 in the October 2026 data, up 6%. Total employees: 155 in October 2021 and 147 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Harbert Fund Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (44).

**Does Harbert Fund Advisors, 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/110577

**What changed in Harbert Fund Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Reported a succession: took over the business of Harbert Fund Advisors, LLC (CRD 110577) on November 26, 2025. 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

### Regulatory assets under management (Item 5.F)
- Total: $7,820,741,788
- Discretionary: $7,820,741,788
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 44 | $7,820,741,788 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1998 (27 years)
- Employees: 147 total, 62 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, CA, GA, NC, NY, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Atlanta, GA
- Charlotte, NC
- Dallas, TX
- London
- Nashville, TN
- New York, NY
- Richmond, VA
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- harbert.net
- LinkedIn @harbert-management-corporation
- LinkedIn @harbert-european-real-estate
- LinkedIn @harbert-growth-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $7,412,730,122 | 155 | March 31, 2021 |
| October 2022 | $7,658,544,921 | 162 | March 28, 2022 |
| October 2023 | $8,104,824,585 | 165 | April 3, 2023 |
| October 2024 | $8,110,107,935 | 167 | March 29, 2024 |
| October 2025 | $8,033,713,480 | 147 | March 31, 2025 |
| October 2026 | $7,820,741,788 | 147 | March 31, 2026 |

Regulatory assets under management: $7,412,730,122 in the October 2021 data and $7,820,741,788 in the October 2026 data, up 6%.
Total employees: 155 in October 2021 and 147 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Reported a succession: took over the business of Harbert Fund Advisors, LLC (CRD 110577) on November 26, 2025.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- Changed its legal name from Harbert Fund Advisors, Inc. to Harbert Fund Advisors, LLC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Harbert Fund Advisors, LLC (CRD 110577): Form ADV filing data as of October 2026.