{
  "crd_number": 315699,
  "slug": "kerberos-capital-management-llc-chicago-il-315699",
  "primary_business_name": "KERBEROS CAPITAL MANAGEMENT LLC",
  "legal_name": "KERBEROS CAPITAL MANAGEMENT LLC",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-11-01",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 412242358.0,
  "raum_discretionary": 64851941.0,
  "raum_non_discretionary": 347390417.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 8,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 3159848.0,
      "count": null,
      "description": "FAMILY PARTNERSHIP",
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 6493384.0,
      "count": 1
    },
    "other_investment_advisers": {
      "raum": 45168855.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 357420271.0,
      "count": 7
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IL"
  ],
  "websites": [
    "https://instagram.com/kerberoscm",
    "https://kerberoscm.com",
    "https://linkedin.com/company/kerberos-capital-management-llc",
    "https://x.com/kerberoscm"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/315699",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/kerberos-capital-management-llc-chicago-il-315699",
  "display_name": "Kerberos Capital Management LLC",
  "summary": "Kerberos Capital Management LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Kerberos Capital Management LLC (CRD 315699): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Kerberos Capital Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Kerberos Capital Management LLC 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."
    },
    {
      "q": "Where is Kerberos Capital Management LLC located?",
      "a": "Kerberos Capital Management LLC's principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Kerberos Capital Management LLC registered with the SEC or a state?",
      "a": "Kerberos Capital Management LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 315699."
    },
    {
      "q": "How much does Kerberos Capital Management LLC manage?",
      "a": "Kerberos Capital Management LLC reports $412,242,358 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (16% discretionary)."
    },
    {
      "q": "How have Kerberos Capital Management LLC's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Kerberos Capital Management LLC: Regulatory assets under management: $348,597,587 in the October 2025 data and $412,242,358 in the October 2026 data, up 18%. Total employees: 6 in October 2025 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Kerberos Capital Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); investment companies (1)."
    },
    {
      "q": "Does Kerberos Capital Management LLC report any disciplinary disclosures?",
      "a": "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/315699"
    },
    {
      "q": "What changed in Kerberos Capital Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $348,597,587 to $412,242,358 (+18%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 348597587.0,
      "total_employees": 6,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 412242358.0,
      "total_employees": 8,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $348,597,587 to $412,242,358 (+18%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/kerberos-capital-management-llc-chicago-il-315699.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 6493384.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 357420271.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 45168855.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 3159848.0
    }
  ],
  "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/315699",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}