# Industrial Opportunity Partners, LLC

> Industrial Opportunity Partners, LLC is an SEC-registered investment advisory firm in Evanston, IL, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 156994
- Filed as: INDUSTRIAL OPPORTUNITY PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Evanston, IL
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156994
- AdvisorCensus page: https://advisorcensus.com/firm/industrial-opportunity-partners-llc-evanston-il-156994

## Quick answers

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

**Where is Industrial Opportunity Partners, LLC located?**
Industrial Opportunity Partners, LLC's principal office is in Evanston, IL, according to its Form ADV.

**Is Industrial Opportunity Partners, LLC registered with the SEC or a state?**
Industrial Opportunity Partners, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156994.

**How much does Industrial Opportunity Partners, LLC manage?**
Industrial Opportunity Partners, LLC reports $1,335,273,706 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary).

**How have Industrial Opportunity Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Industrial Opportunity Partners, LLC: Regulatory assets under management: $795,563,994 in the October 2021 data and $1,335,273,706 in the October 2026 data, up 68%. Total employees: 13 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Industrial Opportunity Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Industrial Opportunity Partners, 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/156994

**What changed in Industrial Opportunity Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 19 to 20.

## 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: $1,335,273,706
- Discretionary: $1,335,273,706
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $1,335,273,706 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 20 total, 20 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)
- [iopfund.com](https://iopfund.com)
- LinkedIn @INDUSTRIAL-OPPORTUNITY-PARTNERS-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $795,563,994 | 13 | March 11, 2021 |
| October 2022 | $1,396,525,675 | 14 | March 14, 2022 |
| October 2023 | $1,161,344,618 | 14 | March 15, 2023 |
| October 2024 | $1,248,680,319 | 19 | March 15, 2024 |
| October 2025 | $1,341,488,344 | 19 | March 11, 2025 |
| October 2026 | $1,335,273,706 | 20 | March 16, 2026 |

Regulatory assets under management: $795,563,994 in the October 2021 data and $1,335,273,706 in the October 2026 data, up 68%.
Total employees: 13 in October 2021 and 20 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 19 to 20.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Industrial Opportunity Partners, LLC (CRD 156994): Form ADV filing data as of October 2026.