# L Squared Capital Partners

> 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.

- CRD: 288509
- Filed as: L SQUARED CAPITAL PARTNERS
- Legal name: L Squared Capital Management LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Newport Beach, CA
- Filing period: October 2026
- Form ADV filing dated: September 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288509
- AdvisorCensus page: https://advisorcensus.com/firm/l-squared-capital-partners-newport-beach-ca-288509

## Quick answers

**How is L Squared Capital Partners compensated?**
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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is L Squared Capital Partners located?**
L Squared Capital Partners' principal office is in Newport Beach, CA, according to its Form ADV.

**Is L Squared Capital Partners registered with the SEC or a state?**
L Squared Capital Partners is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288509.

**How much does L Squared Capital Partners manage?**
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).

**How have L Squared Capital Partners' assets and staff changed since 2021?**
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.

**What types of clients does L Squared Capital Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does L Squared Capital Partners 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/288509

**What changed in L Squared Capital Partners' recent Form ADV filings?**
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%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $2,041,017,515
- Discretionary: $2,041,017,515
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | Fewer than 5 | $182,301,396 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1,858,716,119 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 18 total, 15 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lsquaredcap.com
- LinkedIn @L-SQUARED-CAPITAL-PARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $545,587,041 | 8 | March 26, 2021 |
| October 2022 | $859,899,030 | 11 | September 26, 2022 |
| October 2023 | $1,009,173,507 | 14 | March 24, 2023 |
| October 2024 | $1,404,920,408 | 16 | June 5, 2024 |
| October 2025 | $1,553,489,444 | 14 | June 2, 2025 |
| October 2026 | $2,041,017,515 | 18 | September 1, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. L Squared Capital Partners (CRD 288509): Form ADV filing data as of October 2026.