# Microvest Capital Management

> Microvest Capital Management is an SEC-registered investment advisory firm in Washington, DC, registered since 2010, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 15, 2026.

- CRD: 153395
- Filed as: MICROVEST CAPITAL MANAGEMENT
- Legal name: Microvest Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Washington, DC
- Filing period: October 2026
- Form ADV filing dated: April 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/153395
- AdvisorCensus page: https://advisorcensus.com/firm/microvest-capital-management-washington-dc-153395

## Quick answers

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

**Where is Microvest Capital Management located?**
Microvest Capital Management's principal office is in Washington, DC, according to its Form ADV.

**Is Microvest Capital Management registered with the SEC or a state?**
Microvest Capital Management is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 153395.

**How much does Microvest Capital Management manage?**
Microvest Capital Management reports $140,250,796 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (99% discretionary).

**How have Microvest Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Microvest Capital Management: Regulatory assets under management: $235,159,000 in the October 2021 data and $140,250,796 in the October 2026 data, down 40%. Total employees: 19 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Microvest Capital Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Microvest Capital Management 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/153395

**What changed in Microvest Capital Management's recent Form ADV filings?**
In the May 2026 filing data: No longer lists the business name Microvest Asset Management LLC. Changed its legal name from DAI Asset Management, LLC to Microvest Capital Management, LLC. Regulatory assets under management went from $169,653,866 to $140,250,796 (-17%). 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
- Fixed fees (other than subscription fees)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $140,250,796
- Discretionary: $139,341,800
- Non-discretionary: $908,996

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $140,250,796 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### 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: 2010 (16 years)
- Employees: 7 total, 3 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)
- [microvest.com](https://microvest.com)
- LinkedIn @microvest

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $235,159,000 | 19 | September 30, 2021 |
| October 2022 | $256,245,521 | 22 | September 30, 2022 |
| October 2023 | $247,380,113 | 20 | August 19, 2023 |
| October 2024 | $226,325,954 | 11 | September 20, 2024 |
| October 2025 | $169,653,866 | 7 | March 31, 2025 |
| October 2026 | $140,250,796 | 7 | April 15, 2026 |

Regulatory assets under management: $235,159,000 in the October 2021 data and $140,250,796 in the October 2026 data, down 40%.
Total employees: 19 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- No longer lists the business name Microvest Asset Management LLC.
- Changed its legal name from DAI Asset Management, LLC to Microvest Capital Management, LLC.
- Regulatory assets under management went from $169,653,866 to $140,250,796 (-17%).
- Updated its list of owners and control persons (Schedule A).

### November 2025
- No longer lists the business name Microvest Capital Management LLC.
- Added the business name Microvest Asset Management LLC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Microvest Capital Management (CRD 153395): Form ADV filing data as of October 2026.