# Madison River Capital LLC

> Madison River Capital LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 286411
- Filed as: MADISON RIVER CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/286411
- AdvisorCensus page: https://advisorcensus.com/firm/madison-river-capital-llc-new-york-ny-286411

## Quick answers

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

**Where is Madison River Capital LLC located?**
Madison River Capital LLC's principal office is in New York, NY, according to its Form ADV.

**Is Madison River Capital LLC registered with the SEC or a state?**
Madison River Capital LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 286411.

**How much does Madison River Capital LLC manage?**
Madison River Capital LLC reports $1,264,789,763 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (56% discretionary).

**How have Madison River Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for Madison River Capital LLC: Regulatory assets under management: $1,572,684,862 in the October 2023 data and $1,264,789,763 in the October 2026 data, down 20%. Total employees: 11 in October 2023 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Madison River Capital LLC 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/286411

**What changed in Madison River Capital LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $888,643,116 to $1,264,789,763 (+42%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $1,264,789,763
- Discretionary: $708,088,098
- Non-discretionary: $556,701,665

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $952,829,900 |
| Other | Fewer than 5 | $311,959,863 |

### 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
- Other

### Firm details
- Registered since: 2023 (3 years)
- Employees: 14 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [mrivercapital.com](https://mrivercapital.com)
- LinkedIn @madison-river-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 26, 2021 |
| October 2022 | Not reported | Not reported | March 30, 2022 |
| October 2023 | $1,572,684,862 | 11 | July 5, 2023 |
| October 2024 | $1,291,646,313 | 11 | March 27, 2024 |
| October 2025 | $888,643,116 | 13 | March 31, 2025 |
| October 2026 | $1,264,789,763 | 14 | March 27, 2026 |

Regulatory assets under management: $1,572,684,862 in the October 2023 data and $1,264,789,763 in the October 2026 data, down 20%.
Total employees: 11 in October 2023 and 14 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 8.
- Regulatory assets under management went from $888,643,116 to $1,264,789,763 (+42%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Madison River Capital LLC (CRD 286411): Form ADV filing data as of October 2026.