# Nipun Capital, L.P.

> Nipun Capital, L.P. is an SEC-registered investment advisory firm in Foster City, CA, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 159752
- Filed as: NIPUN CAPITAL, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Foster City, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159752
- AdvisorCensus page: https://advisorcensus.com/firm/nipun-capital-l-p-foster-city-ca-159752

## Quick answers

**How is Nipun Capital, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Nipun Capital, L.P. 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 Nipun Capital, L.P. located?**
Nipun Capital, L.P.'s principal office is in Foster City, CA, according to its Form ADV.

**Is Nipun Capital, L.P. registered with the SEC or a state?**
Nipun Capital, L.P. is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 159752.

**How much does Nipun Capital, L.P. manage?**
Nipun Capital, L.P. reports $2,026,716,101 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Nipun Capital, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Nipun Capital, L.P.: Regulatory assets under management: $875,709,477 in the October 2021 data and $2,026,716,101 in the October 2026 data, up 131%. Total employees: 14 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Nipun Capital, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10); other investment advisers (3).

**Which custodians does Nipun Capital, L.P. use?**
Nipun Capital, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JPMorgan Chase Bank, National Association and State Street Corporation as custodians holding 10% or more of its separately managed account assets.

**Does Nipun Capital, L.P. 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/159752

**What changed in Nipun Capital, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 10.

## 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))
- JPMorgan Chase Bank, National Association
- State Street Corporation

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: $2,026,716,101
- Discretionary: $2,026,716,101
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $1,330,379,697 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 3 | $696,336,404 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $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: 18 total, 10 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)
- nipuncapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $875,709,477 | 14 | March 31, 2021 |
| October 2022 | $921,785,798 | 12 | August 29, 2022 |
| October 2023 | $1,070,580,074 | 16 | March 6, 2023 |
| October 2024 | $1,375,464,098 | 15 | May 16, 2024 |
| October 2025 | $1,875,603,609 | 16 | March 31, 2025 |
| October 2026 | $2,026,716,101 | 18 | March 30, 2026 |

Regulatory assets under management: $875,709,477 in the October 2021 data and $2,026,716,101 in the October 2026 data, up 131%.
Total employees: 14 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 10.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nipun Capital, L.P. (CRD 159752): Form ADV filing data as of October 2026.