# 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.

- CRD: 112084
- Filed as: MESIROW FINANCIAL PRIVATE EQUITY ADVISORS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: June 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/112084
- AdvisorCensus page: https://advisorcensus.com/firm/mesirow-financial-private-equity-advisors-inc-chicago-il-112084

## Quick answers

**How 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

### Compensation (Item 5.E)
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated June 24, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- The Bank of New York Mellon

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: $6,944,406,839
- Discretionary: $6,944,406,839
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $6,073,978,480 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 1 | $870,428,359 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2000 (26 years)
- Employees: 19 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [mesirow.com](https://mesirow.com)
- [mesirowfinancial.com](https://mesirowfinancial.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,410,985,489 | 19 | June 25, 2021 |
| October 2022 | $6,903,055,957 | 18 | June 27, 2022 |
| October 2023 | $6,732,001,511 | 20 | July 31, 2023 |
| October 2024 | $6,375,178,293 | 19 | June 25, 2024 |
| October 2025 | $7,086,559,433 | 19 | June 24, 2025 |
| October 2026 | $6,944,406,839 | 19 | June 24, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mesirow Financial Private Equity Advisors, Inc. (CRD 112084): Form ADV filing data as of October 2026.