# KPS Capital Partners, LP

> 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.

- CRD: 157678
- Filed as: KPS CAPITAL PARTNERS, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157678
- AdvisorCensus page: https://advisorcensus.com/firm/kps-capital-partners-lp-new-york-ny-157678

## Quick answers

**How is KPS Capital Partners, LP compensated?**
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.

**How much does KPS Capital Partners, LP charge?**
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.

**Where is KPS Capital Partners, LP located?**
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).

**Is KPS Capital Partners, LP registered with the SEC or a state?**
KPS Capital Partners, LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157678.

**How much does KPS Capital Partners, LP manage?**
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).

**How have KPS Capital Partners, LP's assets and staff changed since 2021?**
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.

**What types of clients does KPS Capital Partners, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15).

**Does KPS Capital Partners, LP 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/157678

**What changed in KPS Capital Partners, LP's recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it)

> 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.

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

### Regulatory assets under management (Item 5.F)
- Total: $19,080,662,866
- Discretionary: $19,080,662,866
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 15 | $19,080,662,866 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 111 total, 111 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Amsterdam
- Chicago, IL
- Frankfurt
- London
- New York, NY
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- kpsfund.com
- LinkedIn @kps-capital-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,340,538,868 | 67 | March 31, 2021 |
| October 2022 | $13,091,626,428 | 71 | September 19, 2022 |
| October 2023 | $14,874,958,357 | 92 | May 26, 2023 |
| October 2024 | $21,374,547,172 | 96 | March 28, 2024 |
| October 2025 | $19,742,126,120 | 101 | March 28, 2025 |
| October 2026 | $19,080,662,866 | 111 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. KPS Capital Partners, LP (CRD 157678): Form ADV filing data as of October 2026.