AdvisorCensus / Financial advisors / Illinois / Chicago / Mesirow Financial Private Equity Advisors, Inc.
Mesirow Financial Private Equity Advisors, Inc.
Filed as MESIROW FINANCIAL PRIVATE EQUITY ADVISORS, INC.
Mesirow Financial Private Equity Advisors, Inc. is an SEC-registered investment advisory firm in Chicago, IL, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 24, 2026.
Quick answers
From the filingHow is Mesirow Financial Private Equity Advisors, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Mesirow Financial Private Equity Advisors, Inc. reports these compensation arrangements: performance-based fees; other.
How much does Mesirow Financial Private Equity Advisors, Inc. charge?
Its Form ADV Part 2A brochure dated June 24, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Mesirow Financial Private Equity Advisors, Inc. located?
Mesirow Financial Private Equity Advisors, Inc.'s principal office is in Chicago, IL, according to its Form ADV.
Is Mesirow Financial Private Equity Advisors, Inc. registered with the SEC or a state?
Mesirow Financial Private Equity Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 112084.
How much does Mesirow Financial Private Equity Advisors, Inc. manage?
Mesirow Financial Private Equity Advisors, Inc. reports $6,944,406,839 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (100% discretionary).
How have Mesirow Financial Private Equity Advisors, Inc.'s assets and staff changed since 2021?
In the Form ADV data for Mesirow Financial Private Equity Advisors, Inc.: Regulatory assets under management: $6,410,985,489 in the October 2021 data and $6,944,406,839 in the October 2026 data, up 8%. Total employees: 19 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Mesirow Financial Private Equity Advisors, Inc. serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16); state or municipal government entities (including government pension plans) (1).
Which custodians does Mesirow Financial Private Equity Advisors, Inc. use?
Mesirow Financial Private Equity Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon as a custodian holding 10% or more of its separately managed account assets.
Does Mesirow Financial Private Equity Advisors, Inc. 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/112084
What changed in Mesirow Financial Private Equity Advisors, Inc.'s recent Form ADV filings?
In the July 2026 filing data: Employees performing advisory functions went from 6 to 7.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- Performance-based fees
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: up to 2% of assets a year (the maximum the brochure states)
The brochure's wording
Management fees range up to 2.0% of committed capital, or invested capital of the Client, pursuant to the limited partnership agreement or Investment Management Agreement of the Client.
Although MFPEA has established fee management schedules, it retains the discretion to negotiate alternative fees on a case-by-case basis.
As stated in the firm's Form ADV Part 2A brochure dated June 24, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$6,944,406,839 as of October 2026, filing dated June 24, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for businesses (other than small businesses) or institutional clients
- Other
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2000 (26 years)
- Employees
- Total: 19. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $6,944,406,839 | 19 | June 24, 2026 |
| October 2025 | $7,086,559,433 | 19 | June 24, 2025 |
| October 2024 | $6,375,178,293 | 19 | June 25, 2024 |
| October 2023 | $6,732,001,511 | 20 | July 31, 2023 |
| October 2022 | $6,903,055,957 | 18 | June 27, 2022 |
| October 2021 | $6,410,985,489 | 19 | June 25, 2021 |
Regulatory assets under management: $6,410,985,489 in the October 2021 data and $6,944,406,839 in the October 2026 data, up 8%.
Total employees: 19 in October 2021 and 19 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- July 2026
- Employees performing advisory functions went from 6 to 7.
- June 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Mesirow Financial Private Equity Advisors, Inc. (CRD 112084): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/mesirow-financial-private-equity-advisors-inc-chicago-il-112084