# Long Walk Management LP

> Long Walk Management LP is an SEC-registered investment advisory firm, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 15, 2026.

- CRD: 309271
- Filed as: LONG WALK MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: April 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/309271
- AdvisorCensus page: https://advisorcensus.com/firm/long-walk-management-lp-309271

## Quick answers

**How is Long Walk Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Long Walk Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Long Walk Management LP charge?**
Its Form ADV Part 2A brochure dated April 15, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is Long Walk Management LP registered with the SEC or a state?**
Long Walk Management LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 309271.

**How much does Long Walk Management LP manage?**
Long Walk Management LP reports $603,563,600 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (100% discretionary).

**How have Long Walk Management LP's assets and staff changed since 2021?**
In the Form ADV data for Long Walk Management LP: Regulatory assets under management: $154,504,838 in the October 2021 data and $603,563,600 in the October 2026 data, up 291%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Long Walk Management LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Which custodians does Long Walk Management LP use?**
Long Walk Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citigroup Global Markets Limited as a custodian holding 10% or more of its separately managed account assets.

**Does Long Walk Management 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/309271

**What changed in Long Walk Management LP's recent Form ADV filings?**
In the May 2026 filing data: Employees performing advisory functions went from 2 to 1. 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
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated April 15, 2026)

- Asset-based fee: up to 1% of assets a year (the maximum the brochure states)

> With respect to the Clients, the Adviser charges each investor a monthly management fee in arrears of up to 1% of value of an investor’s capital account in the specific Client as of the end of the month

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

### Custodians (Schedule D, Section 5.K(3))
- Citigroup Global Markets Limited

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: $603,563,600
- Discretionary: $603,563,600
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $486,644,000 |
| Other | Fewer than 5 | $116,919,600 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2021 (5 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- longwalkmgmt.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $154,504,838 | 2 | June 10, 2021 |
| October 2022 | $152,831,861 | 3 | March 15, 2022 |
| October 2023 | $112,335,611 | 2 | July 6, 2023 |
| October 2024 | $237,901,860 | 2 | March 6, 2024 |
| October 2025 | $376,808,000 | 2 | May 14, 2025 |
| October 2026 | $603,563,600 | 2 | April 15, 2026 |

Regulatory assets under management: $154,504,838 in the October 2021 data and $603,563,600 in the October 2026 data, up 291%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Employees performing advisory functions went from 2 to 1.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $376,808,000 to $603,563,600 (+60%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Long Walk Management LP (CRD 309271): Form ADV filing data as of October 2026.