# Kaleidoscope Capital

> Kaleidoscope Capital is an SEC-registered investment advisory firm in Boston, MA, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 1, 2026.

- CRD: 282159
- Filed as: KALEIDOSCOPE CAPITAL
- Legal name: Kaleidoscope Capital LP
- Also doing business as: KALEIDOSCOPE GP LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: April 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/282159
- AdvisorCensus page: https://advisorcensus.com/firm/kaleidoscope-capital-boston-ma-282159

## Quick answers

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

**Where is Kaleidoscope Capital located?**
Kaleidoscope Capital's principal office is in Boston, MA, according to its Form ADV.

**Is Kaleidoscope Capital registered with the SEC or a state?**
Kaleidoscope Capital is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 282159.

**How much does Kaleidoscope Capital manage?**
Kaleidoscope Capital reports $706,192,306 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (100% discretionary).

**How have Kaleidoscope Capital's assets and staff changed since 2021?**
In the Form ADV data for Kaleidoscope Capital: Regulatory assets under management: $491,755,603 in the October 2021 data and $706,192,306 in the October 2026 data, up 44%. Total employees: 10 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 Kaleidoscope Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

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

**Does Kaleidoscope Capital 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/282159

**What changed in Kaleidoscope Capital's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $496,081,596 to $706,192,306 (+42%). 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

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers 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: $706,192,306
- Discretionary: $706,192,306
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Not reported | $0 |
| High net worth individuals | Not reported | $0 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $694,390,115 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $11,802,191 |
| Other | Not reported | $0 |

### 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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kldscap.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $491,755,603 | 10 | March 31, 2021 |
| October 2022 | $543,898,494 | 10 | March 31, 2022 |
| October 2023 | $376,549,449 | 9 | June 16, 2023 |
| October 2024 | $435,683,589 | 9 | March 29, 2024 |
| October 2025 | $496,081,596 | 9 | March 31, 2025 |
| October 2026 | $706,192,306 | 9 | April 1, 2026 |

Regulatory assets under management: $491,755,603 in the October 2021 data and $706,192,306 in the October 2026 data, up 44%.
Total employees: 10 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $496,081,596 to $706,192,306 (+42%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kaleidoscope Capital (CRD 282159): Form ADV filing data as of October 2026.