# Lion Point Capital, LP

> Lion Point Capital, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 30, 2026.

- CRD: 174322
- Filed as: LION POINT CAPITAL, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/174322
- AdvisorCensus page: https://advisorcensus.com/firm/lion-point-capital-lp-new-york-ny-174322

## Quick answers

**How is Lion Point Capital, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Lion Point Capital, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Lion Point Capital, LP located?**
Lion Point Capital, LP's principal office is in New York, NY, according to its Form ADV.

**Is Lion Point Capital, LP registered with the SEC or a state?**
Lion Point Capital, LP is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174322.

**How much does Lion Point Capital, LP manage?**
Lion Point Capital, LP reports $480,595,987 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).

**How have Lion Point Capital, LP's assets and staff changed since 2021?**
In the Form ADV data for Lion Point Capital, LP: Regulatory assets under management: $1,148,023,671 in the October 2021 data and $480,595,987 in the October 2026 data, down 58%. Total employees: 17 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lion Point Capital, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Does Lion Point Capital, 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/174322

**What changed in Lion Point Capital, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $410,264,663 to $480,595,987 (+17%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $480,595,987
- Discretionary: $480,595,987
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $480,595,987 |

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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 7 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [lionpoint.com](https://lionpoint.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,148,023,671 | 17 | March 31, 2021 |
| October 2022 | $905,084,463 | 13 | September 29, 2022 |
| October 2023 | $566,097,826 | 14 | April 28, 2023 |
| October 2024 | $517,721,393 | 9 | March 27, 2024 |
| October 2025 | $410,264,663 | 7 | March 31, 2025 |
| October 2026 | $480,595,987 | 7 | April 30, 2026 |

Regulatory assets under management: $1,148,023,671 in the October 2021 data and $480,595,987 in the October 2026 data, down 58%.
Total employees: 17 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $410,264,663 to $480,595,987 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lion Point Capital, LP (CRD 174322): Form ADV filing data as of October 2026.