# Northcape Capital

> Northcape Capital is an SEC-registered investment advisory firm in Sydney, New South Wales, Australia, registered since 2025, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 24, 2026.

- CRD: 332305
- Filed as: NORTHCAPE CAPITAL
- Legal name: Northcape Capital Pty Ltd
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Sydney, New South Wales, Australia
- Filing period: October 2026
- Form ADV filing dated: August 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/332305
- AdvisorCensus page: https://advisorcensus.com/firm/northcape-capital-sydney-new-south-wales-332305

## Quick answers

**How is Northcape Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Northcape Capital 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 Northcape Capital located?**
Northcape Capital's principal office is in Sydney, New South Wales, Australia, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Northcape Capital registered with the SEC or a state?**
Northcape Capital is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 332305.

**How much does Northcape Capital manage?**
Northcape Capital reports $12,294,171,602 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (99% discretionary).

**How have Northcape Capital's assets and staff changed since 2025?**
In the Form ADV data for Northcape Capital: Regulatory assets under management: $9,130,283,667 in the October 2025 data and $12,294,171,602 in the October 2026 data, up 35%. Total employees: 31 in October 2025 and 33 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Northcape Capital serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (6); pooled investment vehicles (other than investment companies and business development companies) (3).

**Which custodians does Northcape Capital use?**
Northcape Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNP Paribas Security Services, Citi Direct Custody and Clearing, JP Morgan Securities Services, Northern Operating Services Private Limited and State Street Custodial Services Limited as custodians holding 10% or more of its separately managed account assets.

**Does Northcape Capital 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/332305

**What changed in Northcape Capital's recent Form ADV filings?**
In the September 2026 filing data: Regulatory assets under management went from $9,958,434,732 to $12,294,171,602 (+23%).

## 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))
- BNP Paribas Security Services
- Citi Direct Custody and Clearing
- JP Morgan Securities Services
- Northern Operating Services Private Limited
- State Street Custodial Services Limited

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: $12,294,171,602
- Discretionary: $12,207,928,720
- Non-discretionary: $86,242,882

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | Fewer than 5 | $86,242,883 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $851,165,109 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $4,196,999,362 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $2,457,423,846 |
| Other investment advisers | Fewer than 5 | $1,344,437,428 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $1,675,867,079 |
| Corporations or other businesses not listed above | Fewer than 5 | $1,682,035,895 |

### 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: 2025 (1 year)
- Employees: 33 total, 14 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Melbourne

### Websites listed on Form ADV (Item 1.I)
- [northcape.com.au](https://northcape.com.au)
- LinkedIn @northcape-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $9,130,283,667 | 31 | February 26, 2025 |
| October 2026 | $12,294,171,602 | 33 | August 24, 2026 |

Regulatory assets under management: $9,130,283,667 in the October 2025 data and $12,294,171,602 in the October 2026 data, up 35%.
Total employees: 31 in October 2025 and 33 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Regulatory assets under management went from $9,958,434,732 to $12,294,171,602 (+23%).

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

### December 2025
- Employees performing advisory functions went from 17 to 14.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Northcape Capital (CRD 332305): Form ADV filing data as of October 2026.