# Kailai Advisers Ltd.

> Kailai Advisers Ltd. is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated May 21, 2026.

- CRD: 161692
- Filed as: KAILAI ADVISERS LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: May 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161692
- AdvisorCensus page: https://advisorcensus.com/firm/kailai-advisers-ltd-los-angeles-ca-161692

## Quick answers

**How is Kailai Advisers Ltd. compensated?**
On its Form ADV (Item 5.E, October 2026), Kailai Advisers Ltd. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is Kailai Advisers Ltd. located?**
Kailai Advisers Ltd.'s principal office is in Los Angeles, CA, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Kailai Advisers Ltd. registered with the SEC or a state?**
Kailai Advisers Ltd. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161692.

**How much does Kailai Advisers Ltd. manage?**
Kailai Advisers Ltd. reports $57,779,436 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (100% discretionary).

**How have Kailai Advisers Ltd.'s assets and staff changed since 2021?**
In the Form ADV data for Kailai Advisers Ltd.: Regulatory assets under management: $149,804,344 in the October 2021 data and $57,779,436 in the October 2026 data, down 61%. Total employees: 17 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 Kailai Advisers Ltd. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Kailai Advisers Ltd. 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/161692

**Does Kailai Advisers Ltd. state an account minimum?**
Its Form ADV Part 2A brochure dated March 29, 2026 says: "Registrant typically imposes a minimum investment in connection with investing in a Fund of $10 million, although such minimums may be waived in the discretion of Registrant."

**What changed in Kailai Advisers Ltd.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 16 to 9. Regulatory assets under management went from $94,738,677 to $57,779,436 (-39%). Changed its office addresses in Beijing.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 29, 2026)

- Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)

> Registrant typically imposes a minimum investment in connection with investing in a Fund of $10 million, although such minimums may be waived in the discretion of Registrant.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $57,779,436
- Discretionary: $57,779,436
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $57,779,436 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 9 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- 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
- Beijing

### Websites listed on Form ADV (Item 1.I)
- claritypartners.net

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $149,804,344 | 17 | April 30, 2021 |
| October 2022 | $134,451,532 | 17 | April 29, 2022 |
| October 2023 | $115,217,166 | 17 | April 30, 2023 |
| October 2024 | $110,522,332 | 16 | April 29, 2024 |
| October 2025 | $94,738,677 | 16 | April 30, 2025 |
| October 2026 | $57,779,436 | 9 | May 21, 2026 |

Regulatory assets under management: $149,804,344 in the October 2021 data and $57,779,436 in the October 2026 data, down 61%.
Total employees: 17 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 16 to 9.
- Regulatory assets under management went from $94,738,677 to $57,779,436 (-39%).
- Changed its office addresses in Beijing.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kailai Advisers Ltd. (CRD 161692): Form ADV filing data as of October 2026.