AdvisorCensus / Financial advisors / Massachusetts / Boston / North Run Capital, LP
North Run Capital, LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 7, 2026.
Quick answers
From the filingHow is North Run Capital, LP compensated?
On its Form ADV (Item 5.E, October 2026), North Run Capital, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is North Run Capital, LP located?
North Run Capital, LP's principal office is in Boston, MA, according to its Form ADV.
Is North Run Capital, LP registered with the SEC or a state?
North Run Capital, LP is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 157922.
How much does North Run Capital, LP manage?
North Run Capital, LP reports $334,540,005 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (100% discretionary).
How have North Run Capital, LP's assets and staff changed since 2021?
In the Form ADV data for North Run Capital, LP: Regulatory assets under management: $204,100,000 in the October 2021 data and $334,540,005 in the October 2026 data, up 64%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does North Run Capital, LP serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).
Does North Run Capital, 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/157922
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- 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
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated July 7, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$334,540,005 as of October 2026, filing dated July 7, 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
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2026 (0 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None 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
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $334,540,005 | 4 | July 7, 2026 |
| October 2025 | Not reported | Not reported | March 26, 2025 |
| October 2024 | Not reported | Not reported | March 21, 2024 |
| October 2023 | Not reported | Not reported | March 23, 2023 |
| October 2022 | Not reported | Not reported | April 6, 2022 |
| October 2021 | $204,100,000 | 6 | March 11, 2021 |
Regulatory assets under management: $204,100,000 in the October 2021 data and $334,540,005 in the October 2026 data, up 64%.
Total employees: 6 in October 2021 and 4 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.
Changes in the filing
Last 12 monthsNo changes to these filed facts in the last 12 months of filing data.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. North Run Capital, LP (CRD 157922): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/north-run-capital-lp-boston-ma-157922