# Napier Park Global Capital (US) LP

> Napier Park Global Capital (US) LP is an SEC-registered investment advisory firm in New York, NY, registered since 2013, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 13, 2026.

- CRD: 166333
- Filed as: NAPIER PARK GLOBAL CAPITAL (US) LP
- 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)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/166333
- AdvisorCensus page: https://advisorcensus.com/firm/napier-park-global-capital-us-lp-new-york-ny-166333

## Quick answers

**How is Napier Park Global Capital (US) LP compensated?**
On its Form ADV (Item 5.E, October 2026), Napier Park Global Capital (US) LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Napier Park Global Capital (US) LP located?**
Napier Park Global Capital (US) LP's principal office is in New York, NY, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Napier Park Global Capital (US) LP registered with the SEC or a state?**
Napier Park Global Capital (US) LP is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 166333.

**How much does Napier Park Global Capital (US) LP manage?**
Napier Park Global Capital (US) LP reports $14,567,892,675 in regulatory assets under management in its Form ADV filing dated May 13, 2026 (100% discretionary).

**How have Napier Park Global Capital (US) LP's assets and staff changed since 2021?**
In the Form ADV data for Napier Park Global Capital (US) LP: 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. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Napier Park Global Capital (US) LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (54); state or municipal government entities (including government pension plans) (5).

**Which custodians does Napier Park Global Capital (US) LP use?**
Napier Park Global Capital (US) LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Napier Park Global Capital (US) LP 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/166333

**What changed in Napier Park Global Capital (US) LP's recent Form ADV filings?**
In the April 2026 filing data: 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.

## From the Form ADV filing

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

### 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.

### Regulatory assets under management (Item 5.F)
- Total: $14,567,892,675
- Discretionary: $14,567,892,675
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 54 | $12,294,108,059 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $572,624,017 |
| State or municipal government entities (including government pension plans) | 5 | $1,701,160,599 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |

### 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: 2013 (13 years)
- Employees: 137 total, 43 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- 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
- Boston, MA
- Chicago, IL
- Coral Gables, FL

### Websites listed on Form ADV (Item 1.I)
- [napierparkglobal.com](https://napierparkglobal.com)
- LinkedIn @napier-park-global

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $10,223,648,557 | 79 | May 5, 2021 |
| October 2022 | $11,676,895,076 | 91 | September 22, 2022 |
| October 2023 | $12,377,612,792 | 91 | August 9, 2023 |
| October 2024 | $11,743,861,794 | 96 | March 27, 2024 |
| October 2025 | $13,613,941,902 | 92 | March 28, 2025 |
| October 2026 | $14,567,892,675 | 137 | May 13, 2026 |

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.

## Changes in the filing (last 12 months)

### 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Napier Park Global Capital (US) LP (CRD 166333): Form ADV filing data as of October 2026.