# Lucid Management and Capital Partners LP

> Lucid Management and Capital Partners LP is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 287883
- Filed as: LUCID MANAGEMENT AND CAPITAL PARTNERS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/287883
- AdvisorCensus page: https://advisorcensus.com/firm/lucid-management-and-capital-partners-lp-new-york-ny-287883

## Quick answers

**How is Lucid Management and Capital Partners LP compensated?**
On its Form ADV (Item 5.E, October 2026), Lucid Management and Capital Partners LP reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Lucid Management and Capital Partners LP located?**
Lucid Management and Capital Partners LP's principal office is in New York, NY, according to its Form ADV.

**Is Lucid Management and Capital Partners LP registered with the SEC or a state?**
Lucid Management and Capital Partners LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 287883.

**How much does Lucid Management and Capital Partners LP manage?**
Lucid Management and Capital Partners LP reports $4,867,700,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Lucid Management and Capital Partners LP's assets and staff changed since 2021?**
In the Form ADV data for Lucid Management and Capital Partners LP: Regulatory assets under management: $1,954,205,000 in the October 2021 data and $4,867,700,000 in the October 2026 data, up 149%. Total employees: 7 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lucid Management and Capital Partners LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13).

**Does Lucid Management and Capital Partners 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/287883

**What changed in Lucid Management and Capital Partners LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $3,896,200,000 to $4,867,700,000 (+25%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $4,867,700,000
- Discretionary: $4,867,700,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $4,867,700,000 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 16 total, 5 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)
- [lucidma.com](https://lucidma.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,954,205,000 | 7 | August 2, 2021 |
| October 2022 | $2,739,798,000 | 9 | March 29, 2022 |
| October 2023 | $3,211,210,000 | 11 | May 8, 2023 |
| October 2024 | $4,168,900,000 | 13 | April 24, 2024 |
| October 2025 | $3,896,200,000 | 19 | March 28, 2025 |
| October 2026 | $4,867,700,000 | 16 | March 30, 2026 |

Regulatory assets under management: $1,954,205,000 in the October 2021 data and $4,867,700,000 in the October 2026 data, up 149%.
Total employees: 7 in October 2021 and 16 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $3,896,200,000 to $4,867,700,000 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lucid Management and Capital Partners LP (CRD 287883): Form ADV filing data as of October 2026.