# III Capital Management

> III Capital Management is an SEC-registered investment advisory firm in Boca Raton, FL, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 7, 2026.

- CRD: 113539
- Filed as: III CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boca Raton, FL
- Filing period: October 2026
- Form ADV filing dated: May 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113539
- AdvisorCensus page: https://advisorcensus.com/firm/iii-capital-management-boca-raton-fl-113539

## Quick answers

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

**Where is III Capital Management located?**
III Capital Management's principal office is in Boca Raton, FL, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is III Capital Management registered with the SEC or a state?**
III Capital Management is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 113539.

**How much does III Capital Management manage?**
III Capital Management reports $88,235,915,100 in regulatory assets under management in its Form ADV filing dated May 7, 2026 (100% discretionary).

**How have III Capital Management's assets and staff changed since 2021?**
In the Form ADV data for III Capital Management: Regulatory assets under management: $29,678,058,807 in the October 2021 data and $88,235,915,100 in the October 2026 data, up 197%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does III Capital Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16); pension and profit sharing plans (but not the plan participants or government pension plans) (5).

**Which custodians does III Capital Management use?**
III Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Capital Markets, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does III Capital Management 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/113539

**What changed in III Capital Management's recent Form ADV filings?**
In the April 2026 filing data: 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
- Other

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon Capital Markets, LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $88,235,915,100
- Discretionary: $88,235,915,100
- 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) | 16 | $63,051,627,733 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $771,234,339 |
| Charitable organizations | Fewer than 5 | $193,497,867 |
| 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 | Fewer than 5 | $23,983,061,515 |
| Corporations or other businesses not listed above | Fewer than 5 | $236,493,646 |

### 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: 2001 (25 years)
- Employees: 9 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- iiicapitalmanagement.com
- iiicm.com
- LinkedIn @III-AVM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $29,678,058,807 | 9 | May 13, 2021 |
| October 2022 | $57,115,755,602 | 11 | May 12, 2022 |
| October 2023 | $33,254,393,444 | 8 | August 1, 2023 |
| October 2024 | $39,514,428,923 | 8 | August 16, 2024 |
| October 2025 | $85,069,518,850 | 9 | March 31, 2025 |
| October 2026 | $88,235,915,100 | 9 | May 7, 2026 |

Regulatory assets under management: $29,678,058,807 in the October 2021 data and $88,235,915,100 in the October 2026 data, up 197%.
Total employees: 9 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. III Capital Management (CRD 113539): Form ADV filing data as of October 2026.