# Neos Partners, LP

> Neos Partners, LP is an SEC-registered investment advisory firm in San Diego, CA, registered since 2024, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 15, 2026.

- CRD: 323847
- Filed as: NEOS PARTNERS, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Diego, CA
- Filing period: October 2026
- Form ADV filing dated: May 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323847
- AdvisorCensus page: https://advisorcensus.com/firm/neos-partners-lp-san-diego-ca-323847

## Quick answers

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

**What does Neos Partners, LP's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Neos Partners, LP located?**
Neos Partners, LP's principal office is in San Diego, CA, according to its Form ADV.

**Is Neos Partners, LP registered with the SEC or a state?**
Neos Partners, LP is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 323847.

**How much does Neos Partners, LP manage?**
Neos Partners, LP reports $3,773,024,352 in regulatory assets under management in its Form ADV filing dated May 15, 2026 (100% discretionary).

**How have Neos Partners, LP's assets and staff changed since 2023?**
In the Form ADV data for Neos Partners, LP: Regulatory assets under management: $1,063,507,143 in the October 2024 data and $3,773,024,352 in the October 2026 data, up 255%. Total employees: 20 in October 2024 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Neos Partners, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Does Neos Partners, 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/323847

**What changed in Neos Partners, LP's recent Form ADV filings?**
In the June 2026 filing data: 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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 2% of assets a year

> In accordance with the Governing Documents, the Management Fee is payable by each Limited Partner quarterly in advance in an amount equal to 2.0% per annum, (i) initially, based on Limited Partner committed capital during the investment period, and (ii) thereafter, based on Limited Partner invested capital.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $3,773,024,352
- Discretionary: $3,773,024,352
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $3,773,024,352 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 34 total, 23 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- neospartners.com
- LinkedIn @neos-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | Not reported | Not reported | February 20, 2023 |
| October 2024 | $1,063,507,143 | 20 | July 11, 2024 |
| October 2025 | $3,044,600,361 | 25 | May 2, 2025 |
| October 2026 | $3,773,024,352 | 34 | May 15, 2026 |

Regulatory assets under management: $1,063,507,143 in the October 2024 data and $3,773,024,352 in the October 2026 data, up 255%.
Total employees: 20 in October 2024 and 34 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 19 to 23.
- Regulatory assets under management went from $3,044,600,361 to $3,773,024,352 (+24%).

### 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. Neos Partners, LP (CRD 323847): Form ADV filing data as of October 2026.