{ "crd_number": 288509, "slug": "l-squared-capital-partners-newport-beach-ca-288509", "primary_business_name": "L SQUARED CAPITAL PARTNERS", "legal_name": "L SQUARED CAPITAL MANAGEMENT LP", "dbas": [], "city": "Newport Beach", "state": "CA", "country": "United States", "cbsa_code": "31080", "metro": { "cbsa_code": "31080", "common_name": "Los Angeles", "msa_name": "Los Angeles-Long Beach-Anaheim, CA", "path": "/advisors/ca/los-angeles" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2017-09-11", "years_registered": 9, "period": "2026-10-01", "filing_date": "2026-09-01", "carried_forward": false, "raum_total": 2041017515.0, "raum_discretionary": 2041017515.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 18, "advisory_employees": 15, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "high_net_worth_individuals": { "raum": 182301396.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 1858716119.0, "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://linkedin.com/COMPANY/L-SQUARED-CAPITAL-PARTNERS", "https://lsquaredcap.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288509", "city_as_filed": "NEWPORT BEACH", "url": "https://advisorcensus.com/firm/l-squared-capital-partners-newport-beach-ca-288509", "display_name": "L Squared Capital Partners", "summary": "L Squared Capital Partners is an SEC-registered investment advisory firm in Newport Beach, CA, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 1, 2026.", "citation": "AdvisorCensus. L Squared Capital Partners (CRD 288509): 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 Squared Capital Partners compensated?", "a": "On its Form ADV (Item 5.E, October 2026), L Squared Capital Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is L Squared Capital Partners located?", "a": "L Squared Capital Partners' principal office is in Newport Beach, CA, according to its Form ADV." }, { "q": "Is L Squared Capital Partners registered with the SEC or a state?", "a": "L Squared Capital Partners is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288509." }, { "q": "How much does L Squared Capital Partners manage?", "a": "L Squared Capital Partners reports $2,041,017,515 in regulatory assets under management in its Form ADV filing dated September 1, 2026 (100% discretionary)." }, { "q": "How have L Squared Capital Partners' assets and staff changed since 2021?", "a": "In the Form ADV data for L Squared Capital Partners: Regulatory assets under management: $545,587,041 in the October 2021 data and $2,041,017,515 in the October 2026 data, up 274%. Total employees: 8 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does L Squared Capital Partners 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 Squared Capital Partners 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/288509" }, { "q": "What changed in L Squared Capital Partners' recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 13 to 15. Regulatory assets under management went from $1,553,489,444 to $2,036,143,820 (+31%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 545587041.0, "total_employees": 8, "filing_date": "2021-03-26" }, { "period": "2022-10-01", "regulatory_assets_under_management": 859899030.0, "total_employees": 11, "filing_date": "2022-09-26" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1009173507.0, "total_employees": 14, "filing_date": "2023-03-24" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1404920408.0, "total_employees": 16, "filing_date": "2024-06-05" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1553489444.0, "total_employees": 14, "filing_date": "2025-06-02" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2041017515.0, "total_employees": 18, "filing_date": "2026-09-01" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 13 to 15.", "Regulatory assets under management went from $1,553,489,444 to $2,036,143,820 (+31%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/l-squared-capital-partners-newport-beach-ca-288509.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": null, "fewer_than_5": true, "raum": 182301396.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 6, "fewer_than_5": false, "raum": 1858716119.0 } ], "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/288509", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }