# Midcap Financial Services Capital Management, LLC

> Midcap Financial Services Capital Management, LLC is an SEC-registered investment advisory firm in Bethesda, MD, registered since 2016, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 13, 2026.

- CRD: 285820
- Filed as: MIDCAP FINANCIAL SERVICES CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bethesda, MD
- Filing period: October 2026
- Form ADV filing dated: May 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/285820
- AdvisorCensus page: https://advisorcensus.com/firm/midcap-financial-services-capital-management-llc-bethesda-md-285820

## Quick answers

**How is Midcap Financial Services Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Midcap Financial Services Capital Management, LLC 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 Midcap Financial Services Capital Management, LLC located?**
Midcap Financial Services Capital Management, LLC's principal office is in Bethesda, MD, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Midcap Financial Services Capital Management, LLC registered with the SEC or a state?**
Midcap Financial Services Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 285820.

**How much does Midcap Financial Services Capital Management, LLC manage?**
Midcap Financial Services Capital Management, LLC reports $7,270,655,672 in regulatory assets under management in its Form ADV filing dated May 13, 2026 (66% discretionary).

**How have Midcap Financial Services Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Midcap Financial Services Capital Management, LLC: Regulatory assets under management: $5,031,176,379 in the October 2021 data and $7,270,655,672 in the October 2026 data, up 45%. Total employees: 229 in October 2021 and 360 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Midcap Financial Services Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Does Midcap Financial Services Capital Management, 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/285820

**What changed in Midcap Financial Services Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 66 to 122.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $7,270,655,672
- Discretionary: $4,779,609,591
- Non-discretionary: $2,491,046,081

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $7,270,655,672 |

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

### Firm details
- Registered since: 2016 (9 years)
- Employees: 360 total, 122 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MD
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Dublin 2

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,031,176,379 | 229 | April 20, 2021 |
| October 2022 | $5,807,911,613 | 249 | March 31, 2022 |
| October 2023 | $6,814,943,082 | 278 | March 31, 2023 |
| October 2024 | $8,218,827,035 | 299 | March 29, 2024 |
| October 2025 | $7,046,441,025 | 324 | April 29, 2025 |
| October 2026 | $7,270,655,672 | 360 | May 13, 2026 |

Regulatory assets under management: $5,031,176,379 in the October 2021 data and $7,270,655,672 in the October 2026 data, up 45%.
Total employees: 229 in October 2021 and 360 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 66 to 122.

### February 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. Midcap Financial Services Capital Management, LLC (CRD 285820): Form ADV filing data as of October 2026.