# Old Bellows Partners L.P.

> Old Bellows Partners L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated May 13, 2026.

- CRD: 157569
- Filed as: OLD BELLOWS PARTNERS L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157569
- AdvisorCensus page: https://advisorcensus.com/firm/old-bellows-partners-l-p-new-york-ny-157569

## Quick answers

**How is Old Bellows Partners L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Old Bellows Partners L.P. reports these compensation arrangements: performance-based fees.

**Where is Old Bellows Partners L.P. located?**
Old Bellows Partners L.P.'s principal office is in New York, NY, according to its Form ADV.

**Is Old Bellows Partners L.P. registered with the SEC or a state?**
Old Bellows Partners L.P. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157569.

**How much does Old Bellows Partners L.P. manage?**
Old Bellows Partners L.P. reports $29,971,238 in regulatory assets under management in its Form ADV filing dated May 13, 2026 (100% discretionary).

**How have Old Bellows Partners L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Old Bellows Partners L.P.: Regulatory assets under management: $38,123,000 in the October 2021 data and $29,971,238 in the October 2026 data, down 21%. Total employees: 14 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Old Bellows Partners 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 Old Bellows Partners 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/157569

## From the Form ADV filing

### Compensation (Item 5.E)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $29,971,238
- Discretionary: $29,971,238
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $29,971,238 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 12 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $38,123,000 | 14 | May 19, 2021 |
| October 2022 | $30,789,000 | 14 | September 22, 2022 |
| October 2023 | $28,028,165 | 12 | June 2, 2023 |
| October 2024 | $36,248,332 | 13 | May 15, 2024 |
| October 2025 | $31,903,259 | 12 | March 28, 2025 |
| October 2026 | $29,971,238 | 12 | May 13, 2026 |

Regulatory assets under management: $38,123,000 in the October 2021 data and $29,971,238 in the October 2026 data, down 21%.
Total employees: 14 in October 2021 and 12 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Old Bellows Partners L.P. (CRD 157569): Form ADV filing data as of October 2026.