# Northern Pacific Group, L.P.

> Northern Pacific Group, L.P. is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2019, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated May 27, 2026.

- CRD: 299012
- Filed as: NORTHERN PACIFIC GROUP, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: May 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/299012
- AdvisorCensus page: https://advisorcensus.com/firm/northern-pacific-group-l-p-minneapolis-mn-299012

## Quick answers

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

**Where is Northern Pacific Group, L.P. located?**
Northern Pacific Group, L.P.'s principal office is in Minneapolis, MN, according to its Form ADV.

**Is Northern Pacific Group, L.P. registered with the SEC or a state?**
Northern Pacific Group, L.P. is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 299012.

**How much does Northern Pacific Group, L.P. manage?**
Northern Pacific Group, L.P. reports $58,561,797 in regulatory assets under management in its Form ADV filing dated May 27, 2026 (100% discretionary).

**How have Northern Pacific Group, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Northern Pacific Group, L.P.: Regulatory assets under management: $163,205,863 in the October 2021 data and $58,561,797 in the October 2026 data, down 64%. Total employees: 7 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Northern Pacific Group, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Northern Pacific Group, 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/299012

**What changed in Northern Pacific Group, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 3. Regulatory assets under management went from $151,144,017 to $58,561,797 (-61%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $58,561,797
- Discretionary: $58,561,797
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $58,561,797 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- northernpacificgroup.com
- LinkedIn @northern-pacific-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $163,205,863 | 7 | March 31, 2021 |
| October 2022 | $203,426,037 | 6 | March 30, 2022 |
| October 2023 | $140,578,754 | 6 | March 31, 2023 |
| October 2024 | $162,600,664 | 5 | March 29, 2024 |
| October 2025 | $151,144,017 | 5 | March 31, 2025 |
| October 2026 | $58,561,797 | 3 | May 27, 2026 |

Regulatory assets under management: $163,205,863 in the October 2021 data and $58,561,797 in the October 2026 data, down 64%.
Total employees: 7 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 3.
- Regulatory assets under management went from $151,144,017 to $58,561,797 (-61%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Northern Pacific Group, L.P. (CRD 299012): Form ADV filing data as of October 2026.