# IGP Industries, LLC

> IGP Industries, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 157214
- Filed as: IGP INDUSTRIES, LLC
- Also doing business as: INDUSTRIAL GROWTH PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157214
- AdvisorCensus page: https://advisorcensus.com/firm/igp-industries-llc-san-francisco-ca-157214

## Quick answers

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

**Where is IGP Industries, LLC located?**
IGP Industries, LLC's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is IGP Industries, LLC registered with the SEC or a state?**
IGP Industries, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157214.

**How much does IGP Industries, LLC manage?**
IGP Industries, LLC reports $1,854,246,780 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have IGP Industries, LLC's assets and staff changed since 2021?**
In the Form ADV data for IGP Industries, LLC: Regulatory assets under management: $1,080,793,233 in the October 2021 data and $1,854,246,780 in the October 2026 data, up 72%. Total employees: 26 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does IGP Industries, 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/157214

**What changed in IGP Industries, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 23 to 22. Regulatory assets under management went from $1,500,291,189 to $1,854,246,780 (+24%).

## 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: $1,854,246,780
- Discretionary: $1,854,246,780
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $1,854,246,780 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 31 total, 22 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, IL
- 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
- Chicago, IL

### Websites listed on Form ADV (Item 1.I)
- igpequity.com
- LinkedIn @industrial-growth-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,080,793,233 | 26 | April 30, 2021 |
| October 2022 | $2,026,569,356 | 30 | May 28, 2022 |
| October 2023 | $1,950,241,870 | 32 | June 30, 2023 |
| October 2024 | $1,741,557,960 | 34 | May 29, 2024 |
| October 2025 | $1,500,291,189 | 32 | March 28, 2025 |
| October 2026 | $1,854,246,780 | 31 | March 26, 2026 |

Regulatory assets under management: $1,080,793,233 in the October 2021 data and $1,854,246,780 in the October 2026 data, up 72%.
Total employees: 26 in October 2021 and 31 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 23 to 22.
- Regulatory assets under management went from $1,500,291,189 to $1,854,246,780 (+24%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. IGP Industries, LLC (CRD 157214): Form ADV filing data as of October 2026.