{ "crd_number": 292254, "slug": "new-2nd-capital-new-york-ny-292254", "primary_business_name": "NEW 2ND CAPITAL", "legal_name": "NEW 2ND CAPITAL ADVISORS, L.P.", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2018-09-19", "years_registered": 8, "period": "2026-10-01", "filing_date": "2026-09-15", "carried_forward": false, "raum_total": 2380668573.0, "raum_discretionary": 2252720793.0, "raum_non_discretionary": 127947780.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 20, "advisory_employees": 12, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 2380668573.0, "count": 15 } }, "compensation_types": [ "other", "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://linkedin.com/COMPANY/NEW-2ND-CAPITAL", "https://new2ndcapital.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/292254", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/new-2nd-capital-new-york-ny-292254", "display_name": "New 2nd Capital", "summary": "New 2nd Capital is an SEC-registered investment advisory firm in New York, NY, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 15, 2026.", "citation": "AdvisorCensus. New 2nd Capital (CRD 292254): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is New 2nd Capital compensated?", "a": "On its Form ADV (Item 5.E, October 2026), New 2nd Capital reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is New 2nd Capital located?", "a": "New 2nd Capital's principal office is in New York, NY, according to its Form ADV." }, { "q": "Is New 2nd Capital registered with the SEC or a state?", "a": "New 2nd Capital is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 292254." }, { "q": "How much does New 2nd Capital manage?", "a": "New 2nd Capital reports $2,380,668,573 in regulatory assets under management in its Form ADV filing dated September 15, 2026 (95% discretionary)." }, { "q": "How have New 2nd Capital's assets and staff changed since 2021?", "a": "In the Form ADV data for New 2nd Capital: Regulatory assets under management: $873,503,548 in the October 2021 data and $2,380,668,573 in the October 2026 data, up 173%. Total employees: 11 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does New 2nd Capital serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15)." }, { "q": "Does New 2nd Capital report any disciplinary disclosures?", "a": "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/292254" }, { "q": "What changed in New 2nd Capital's recent Form ADV filings?", "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 873503548.0, "total_employees": 11, "filing_date": "2021-09-09" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1336313873.0, "total_employees": 13, "filing_date": "2022-06-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1475032890.0, "total_employees": 13, "filing_date": "2023-07-13" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1845152674.0, "total_employees": 15, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2090070753.0, "total_employees": 17, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2380668573.0, "total_employees": 20, "filing_date": "2026-09-15" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 11 to 12.", "Regulatory assets under management went from $2,090,070,753 to $2,358,133,464 (+13%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/new-2nd-capital-new-york-ny-292254.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 15, "fewer_than_5": false, "raum": 2380668573.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/292254", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }