{
  "crd_number": 277098,
  "slug": "l-capital-llc-windsor-ca-277098",
  "primary_business_name": "L CAPITAL, LLC",
  "legal_name": "L CAPITAL, LLC",
  "dbas": [],
  "city": "Windsor",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "42220",
  "metro": {
    "cbsa_code": "42220",
    "common_name": "Santa Rosa",
    "msa_name": "Santa Rosa-Petaluma, CA",
    "path": "/advisors/ca/santa-rosa"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-03-18",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-03-24",
  "carried_forward": false,
  "raum_total": 197175570.0,
  "raum_discretionary": 197175570.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 197175570.0,
      "count": 6
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://lcapitalmgmt.com",
    "https://linkedin.com/company/l-capital-llc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/277098",
  "city_as_filed": "WINDSOR",
  "url": "https://advisorcensus.com/firm/l-capital-llc-windsor-ca-277098",
  "display_name": "L Capital, LLC",
  "summary": "L Capital, LLC is an SEC-registered investment advisory firm in Windsor, CA, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.",
  "citation": "AdvisorCensus. L Capital, LLC (CRD 277098): 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 L Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), L Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is L Capital, LLC located?",
      "a": "L Capital, LLC's principal office is in Windsor, CA, according to its Form ADV."
    },
    {
      "q": "Is L Capital, LLC registered with the SEC or a state?",
      "a": "L Capital, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 277098."
    },
    {
      "q": "How much does L Capital, LLC manage?",
      "a": "L Capital, LLC reports $197,175,570 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have L Capital, LLC's assets and staff changed since 2024?",
      "a": "In the Form ADV data for L Capital, LLC: Regulatory assets under management: $156,409,675 in the October 2024 data and $197,175,570 in the October 2026 data, up 26%. Total employees: 1 in October 2024 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does L Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6)."
    },
    {
      "q": "Does L Capital, 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/277098"
    },
    {
      "q": "What changed in L Capital, LLC's recent Form ADV filings?",
      "a": "In the December 2025 filing data: Employees performing advisory functions went from 1 to 2."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 156409675.0,
      "total_employees": 1,
      "filing_date": "2024-03-15"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 194954378.0,
      "total_employees": 1,
      "filing_date": "2025-03-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 197175570.0,
      "total_employees": 3,
      "filing_date": "2026-03-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 1 to 2."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/l-capital-llc-windsor-ca-277098.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 197175570.0
    }
  ],
  "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/277098",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}