# MS Capital Partners Adviser Inc.

> MS Capital Partners Adviser Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 2008, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 17, 2026.

- CRD: 147521
- Filed as: MS CAPITAL PARTNERS ADVISER INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147521
- AdvisorCensus page: https://advisorcensus.com/firm/ms-capital-partners-adviser-inc-new-york-ny-147521

## Quick answers

**How is MS Capital Partners Adviser Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), MS Capital Partners Adviser Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is MS Capital Partners Adviser Inc. located?**
MS Capital Partners Adviser Inc.'s principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is MS Capital Partners Adviser Inc. registered with the SEC or a state?**
MS Capital Partners Adviser Inc. is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 147521.

**How much does MS Capital Partners Adviser Inc. manage?**
MS Capital Partners Adviser Inc. reports $38,758,105,318 in regulatory assets under management in its Form ADV filing dated July 17, 2026 (100% discretionary).

**How have MS Capital Partners Adviser Inc.'s assets and staff changed since 2021?**
In the Form ADV data for MS Capital Partners Adviser Inc.: Regulatory assets under management: $11,269,501,451 in the October 2021 data and $38,758,105,318 in the October 2026 data, up 244%. Total employees: 109 in October 2021 and 209 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MS Capital Partners Adviser Inc. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (72); business development companies (6).

**Does MS Capital Partners Adviser Inc. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/147521

**What changed in MS Capital Partners Adviser Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 124 to 125. Regulatory assets under management went from $34,371,272,887 to $38,758,105,318 (+13%). Changed its office addresses in Chicago, IL. 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
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $38,758,105,318
- Discretionary: $38,758,105,318
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Business development companies | 6 | $15,479,345,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 72 | $23,278,760,318 |

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

### Firm details
- Registered since: 2008 (18 years)
- Employees: 209 total, 125 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/147521

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Chicago, IL
- Houston, TX
- Los Angeles, CA
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- morganstanley.com/IM
- morganstanley.com/im/en-us/institutional-investor/capabilities/alternatives/private-equity.html

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $11,269,501,451 | 109 | June 22, 2021 |
| October 2022 | $18,054,349,799 | 119 | August 9, 2022 |
| October 2023 | $23,175,812,722 | 119 | May 15, 2023 |
| October 2024 | $27,265,226,001 | 200 | September 30, 2024 |
| October 2025 | $34,371,272,887 | 173 | July 30, 2025 |
| October 2026 | $38,758,105,318 | 209 | July 17, 2026 |

Regulatory assets under management: $11,269,501,451 in the October 2021 data and $38,758,105,318 in the October 2026 data, up 244%.
Total employees: 109 in October 2021 and 209 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 124 to 125.
- Regulatory assets under management went from $34,371,272,887 to $38,758,105,318 (+13%).
- Changed its office addresses in Chicago, IL.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MS Capital Partners Adviser Inc. (CRD 147521): Form ADV filing data as of October 2026.