# Lavelle Capital

> Lavelle Capital is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.

- CRD: 316754
- Filed as: LAVELLE CAPITAL
- Legal name: Lavelle Capital LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/316754
- AdvisorCensus page: https://advisorcensus.com/firm/lavelle-capital-san-francisco-ca-316754

## Quick answers

**How is Lavelle Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Lavelle Capital reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is Lavelle Capital located?**
Lavelle Capital's principal office is in San Francisco, CA, according to its Form ADV.

**Is Lavelle Capital registered with the SEC or a state?**
Lavelle Capital is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 316754.

**How much does Lavelle Capital manage?**
Lavelle Capital reports $508,200,682 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).

**How have Lavelle Capital's assets and staff changed since 2022?**
In the Form ADV data for Lavelle Capital: Regulatory assets under management: $204,473,651 in the October 2022 data and $508,200,682 in the October 2026 data, up 149%. Total employees: 1 in October 2022 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lavelle Capital serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (74); pooled investment vehicles (other than investment companies and business development companies) (14); charitable organizations (5).

**Which custodians does Lavelle Capital use?**
Lavelle Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Goldman Sachs & Co. LLC as custodians holding 10% or more of its separately managed account assets.

**Does Lavelle Capital 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/316754

**Does Lavelle Capital state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Lavelle generally requires a minimum of $20,000,000 to open an individually managed account or provide other services but may waive this minimum."

**What changed in Lavelle Capital's recent Form ADV filings?**
In the October 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $410,087,852 to $508,200,682 (+24%). 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
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $20,000,000 (the brochure says it may be waived or negotiated)

> Lavelle generally requires a minimum of $20,000,000 to open an individually managed account or provide other services but may waive this minimum.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Goldman Sachs & Co. LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $508,200,682
- Discretionary: $508,200,682
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 74 | $373,986,102 |
| Pooled investment vehicles (other than investment companies and business development companies) | 14 | $125,812,616 |
| Charitable organizations | 5 | $8,401,964 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2021 (4 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lavellecapital.com
- LinkedIn @lavellecapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $204,473,651 | 1 | March 30, 2022 |
| October 2023 | $148,577,634 | 3 | April 28, 2023 |
| October 2024 | $267,417,882 | 3 | May 2, 2024 |
| October 2025 | $305,488,246 | 3 | March 31, 2025 |
| October 2026 | $508,200,682 | 3 | September 30, 2026 |

Regulatory assets under management: $204,473,651 in the October 2022 data and $508,200,682 in the October 2026 data, up 149%.
Total employees: 1 in October 2022 and 3 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $410,087,852 to $508,200,682 (+24%).
- Updated its list of owners and control persons (Schedule A).

### April 2026
- No longer lists the business name VSR Capital Management LP.
- Regulatory assets under management went from $305,488,246 to $410,087,852 (+34%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lavelle Capital (CRD 316754): Form ADV filing data as of October 2026.