Napier Park Global Capital (US) LP

• A percentage of assets under your management
• Performance-based fees

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

See the firm's brochure (dated March 27, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$14,567,892,675 as of October 2026, filing dated May 13, 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

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients

Also doing business as

LE BREVENT RAILCAR GP LLC, NAPIER PARK ABS INCOME FUND GP HOLDINGS LLC, NAPIER PARK ABS INCOME FUND GP LP, NAPIER PARK CENTRE STREET GP LLC, NAPIER PARK CONCORDE US FEEDER GP LLC, NAPIER PARK DEEP VALUE FUND II GP LLC, NAPIER PARK DEEP VALUE FUND III GP LLC, NAPIER PARK ENHANCED SENIOR CLO EQUITY FUND GP LLC, NAPIER PARK GLOBAL CAPITAL DELAWARE LLC, NAPIER PARK GLOBAL CAPITAL PARTNERS GP LLC, NAPIER PARK MULTI-ASSET FUND I GP LLC, NAPIER PARK MUNI GP LLC, NAPIER PARK RAILCAR INVESTMENTS III GP LLC, NAPIER PARK SELECT FUND GP HOLDINGS LLC, NAPIER PARK SELECT FUND GP LP, NAPIER PARK STRATEGIC LOAN FUND GP HOLDINGS LLC, NAPIER PARK STRATEGIC LOAN FUND GP LP, NAPIER PARK VALUE FUND I GP LLC, NP RECEIVEABLES GP LLC, OLD LANE INDIA GP LLC, REGATTA II FUNDING GP LTD.

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2013 (13 years)

Employees

Total: 137. Performing investment advisory functions: 43.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

J.P. Morgan Securities LLC

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.

Other offices (Schedule D, Section 1.F)

3 other offices, as of the June 2026 filing

Boston, MAChicago, ILCoral Gables, FL

States registered or notice-filed

1 state or jurisdiction

NY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None 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

Regulatory assets under management: $10,223,648,557 in the October 2021 data and $14,567,892,675 in the October 2026 data, up 42%.

Total employees: 79 in October 2021 and 137 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.

1. April 2026
   • Employees performing advisory functions went from 35 to 43.
   • Item 11 disclosure answers changed: 0 yes answers, previously 4 (now no: 11.C(1), 11.C(2), 11.C(4), 11.C(5)).
   • Added the business name NP Receiveables GP LLC.
   • Added the business name Regatta II Funding GP Ltd..
   • Added the business name Napier Park Centre Street GP LLC.
   • Added the business name Napier Park Concorde US Feeder GP LLC.
   • Added the business name Napier Park Global Capital Partners GP LLC.
   • Added an office in Boston, MA.
   • Added an office in Chicago, IL.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.