{ "crd_number": 305403, "slug": "livello-capital-management-lp-new-york-ny-305403", "primary_business_name": "LIVELLO CAPITAL MANAGEMENT LP", "legal_name": "LIVELLO CAPITAL MANAGEMENT LP", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2020-03-25", "years_registered": 6, "period": "2026-10-01", "filing_date": "2026-07-20", "carried_forward": false, "raum_total": 265229531.0, "raum_discretionary": 221339896.0, "raum_non_discretionary": 43889635.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 6, "advisory_employees": 3, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 43889635.0, "count": 2, "description": "SEPARATELY MANAGED ACCOUNTS", "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 221339896.0, "count": 4 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://linkedin.com/company/livello-capital-management", "https://livellocap.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/305403", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/livello-capital-management-lp-new-york-ny-305403", "display_name": "Livello Capital Management LP", "summary": "Livello Capital Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 20, 2026.", "citation": "AdvisorCensus. Livello Capital Management LP (CRD 305403): 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 Livello Capital Management LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Livello Capital Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does Livello Capital Management LP charge?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Livello Capital Management LP located?", "a": "Livello Capital Management LP's principal office is in New York, NY, according to its Form ADV." }, { "q": "Is Livello Capital Management LP registered with the SEC or a state?", "a": "Livello Capital Management LP is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 305403." }, { "q": "How much does Livello Capital Management LP manage?", "a": "Livello Capital Management LP reports $265,229,531 in regulatory assets under management in its Form ADV filing dated July 20, 2026 (83% discretionary)." }, { "q": "How have Livello Capital Management LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Livello Capital Management LP: Regulatory assets under management: $117,443,917 in the October 2021 data and $265,229,531 in the October 2026 data, up 126%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Livello Capital Management LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4); other (2)." }, { "q": "Which custodians does Livello Capital Management LP use?", "a": "Livello Capital Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Livello Capital Management LP 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/305403" }, { "q": "What changed in Livello Capital Management LP's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 3. Regulatory assets under management went from $305,464,794 to $265,229,531 (-13%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 117443917.0, "total_employees": 4, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 239978114.0, "total_employees": 7, "filing_date": "2022-05-03" }, { "period": "2023-10-01", "regulatory_assets_under_management": 274973132.0, "total_employees": 7, "filing_date": "2023-05-03" }, { "period": "2024-10-01", "regulatory_assets_under_management": 225495361.0, "total_employees": 7, "filing_date": "2024-05-01" }, { "period": "2025-10-01", "regulatory_assets_under_management": 305464794.0, "total_employees": 7, "filing_date": "2025-05-16" }, { "period": "2026-10-01", "regulatory_assets_under_management": 265229531.0, "total_employees": 6, "filing_date": "2026-07-20" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 4 to 3.", "Regulatory assets under management went from $305,464,794 to $265,229,531 (-13%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "1% to 2% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 1% to 2% a year (a range, as the brochure states it)" ], "quotes": [ "The Management Fee will range from 1% to 2%." ] } ], "values": { "tiers": [], "range_pct": [ 1.0, 2.0 ], "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "The Management Fee will range from 1% to 2%." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Goldman Sachs & Co. LLC", "name_as_filed": "GOLDMAN SACHS & CO. LLC", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/livello-capital-management-lp-new-york-ny-305403.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 4, "fewer_than_5": false, "raum": 221339896.0 }, { "type": "other", "label": "Other", "count": 2, "fewer_than_5": true, "raum": 43889635.0 } ], "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/305403", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }