{
  "crd_number": 309419,
  "slug": "inclusive-capital-partners-l-p-san-francisco-ca-309419",
  "primary_business_name": "INCLUSIVE CAPITAL PARTNERS, L.P.",
  "legal_name": "INCLUSIVE CAPITAL PARTNERS, L.P.",
  "dbas": [
    "IN-CAP",
    "INCLUSIVE CAPITAL",
    "INCLUSIVE CAPITAL PARTNERS"
  ],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "exempt",
  "registration_status": "ERA - Active",
  "registration_date": "2026-09-17",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-09-17",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": null,
  "advisory_employees": null,
  "client_count_bucket": null,
  "clients_by_type": null,
  "compensation_types": [],
  "advisory_activities": [],
  "wrap_fee_participant": null,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://in-cap.com",
    "https://linkedin.com/company/inclusive-capital-partners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309419",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/inclusive-capital-partners-l-p-san-francisco-ca-309419",
  "display_name": "Inclusive Capital Partners, L.P.",
  "summary": "Inclusive Capital Partners, L.P. is an exempt reporting adviser in San Francisco, CA, filing reports since 2026. Exempt reporting advisers do not report regulatory assets under management on Form ADV.",
  "citation": "AdvisorCensus. Inclusive Capital Partners, L.P. (CRD 309419): Form ADV filing data as of October 2026.",
  "registration_type_label": "Exempt reporting adviser",
  "compensation_labels": [],
  "advisory_activity_labels": [],
  "quick_answers": [
    {
      "q": "Where is Inclusive Capital Partners, L.P. located?",
      "a": "Inclusive Capital Partners, L.P.'s principal office is in San Francisco, CA, according to its Form ADV."
    },
    {
      "q": "How does Inclusive Capital Partners, L.P. report to regulators?",
      "a": "Inclusive Capital Partners, L.P. is an exempt reporting adviser, filing reports since 2026. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 309419."
    },
    {
      "q": "How have Inclusive Capital Partners, L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Inclusive Capital Partners, L.P.: Regulatory assets under management: $1,288,147,000 in the October 2021 data and $662,342,283 in the October 2025 data, down 49%. Total employees: 13 in October 2021 and 4 in October 2025. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "Does Inclusive Capital Partners, L.P. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/309419"
    },
    {
      "q": "What changed in Inclusive Capital Partners, L.P.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Moved from SEC registration to exempt reporting adviser status. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1288147000.0,
      "total_employees": 13,
      "filing_date": "2021-08-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2055443000.0,
      "total_employees": 18,
      "filing_date": "2022-07-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2664894000.0,
      "total_employees": 21,
      "filing_date": "2023-07-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1728092053.0,
      "total_employees": 22,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 662342283.0,
      "total_employees": 4,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2026-09-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Moved from SEC registration to exempt reporting adviser status.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $662,342,283 to $591,050,469 (-11%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/inclusive-capital-partners-l-p-san-francisco-ca-309419.md",
  "clients": [],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309419",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}