{ "crd_number": 157678, "slug": "kps-capital-partners-lp-new-york-ny-157678", "primary_business_name": "KPS CAPITAL PARTNERS, LP", "legal_name": "KPS CAPITAL PARTNERS, LP", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-11", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 19080662866.0, "raum_discretionary": 19080662866.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 111, "advisory_employees": 111, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 19080662866.0, "count": 15 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://kpsfund.com", "https://linkedin.com/company/kps-capital-partners" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157678", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/kps-capital-partners-lp-new-york-ny-157678", "display_name": "KPS Capital Partners, LP", "summary": "KPS Capital Partners, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. KPS Capital Partners, LP (CRD 157678): 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" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is KPS Capital Partners, LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), KPS Capital Partners, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does KPS Capital Partners, LP charge?", "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is KPS Capital Partners, LP located?", "a": "KPS Capital Partners, LP's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 6 other offices (Schedule D, Section 1.F)." }, { "q": "Is KPS Capital Partners, LP registered with the SEC or a state?", "a": "KPS Capital Partners, LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157678." }, { "q": "How much does KPS Capital Partners, LP manage?", "a": "KPS Capital Partners, LP reports $19,080,662,866 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)." }, { "q": "How have KPS Capital Partners, LP's assets and staff changed since 2021?", "a": "In the Form ADV data for KPS Capital Partners, LP: Regulatory assets under management: $12,340,538,868 in the October 2021 data and $19,080,662,866 in the October 2026 data, up 55%. Total employees: 67 in October 2021 and 111 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does KPS Capital Partners, LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15)." }, { "q": "Does KPS Capital Partners, LP 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/157678" }, { "q": "What changed in KPS Capital Partners, LP's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 101 to 111. Added an office in Frankfurt. Added an office in London. Added an office in Washington, DC. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 12340538868.0, "total_employees": 67, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 13091626428.0, "total_employees": 71, "filing_date": "2022-09-19" }, { "period": "2023-10-01", "regulatory_assets_under_management": 14874958357.0, "total_employees": 92, "filing_date": "2023-05-26" }, { "period": "2024-10-01", "regulatory_assets_under_management": 21374547172.0, "total_employees": 96, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 19742126120.0, "total_employees": 101, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 19080662866.0, "total_employees": 111, "filing_date": "2026-03-30" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 101 to 111.", "Added an office in Frankfurt.", "Added an office in London.", "Added an office in Washington, DC.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 30, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "1% to 1.75% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it)" ], "quotes": [ "The Funds pay their respective management companies (as described in the Advisory Business section above), each of which is primarily owned by or under common control with KPS, aggregate management fees ranging from 1% to 1.75% per annum of committed capital or actively invested capital of each Fund during the life of such Fund." ] } ], "values": { "tiers": [], "range_pct": [ 1.0, 1.75 ], "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "The Funds pay their respective management companies (as described in the Advisory Business section above), each of which is primarily owned by or under common control with KPS, aggregate management fees ranging from 1% to 1.75% per annum of committed capital or actively invested capital of each Fund during the life of such Fund." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/kps-capital-partners-lp-new-york-ny-157678.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 15, "fewer_than_5": false, "raum": 19080662866.0 } ], "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/157678", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }