AdvisorCensus / Financial advisors / California / San Francisco / Paul Capital
Paul Capital
Filed as PAUL CAPITAL · Legal name 3000 Management, Inc.
Paul Capital is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2002, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.
Quick answers
From the filingHow is Paul Capital compensated?
On its Form ADV (Item 5.E, October 2026), Paul Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.
What does Paul Capital's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 20, 2026 states: Asset-based fee: 1.25% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Paul Capital located?
Paul Capital's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Paul Capital registered with the SEC or a state?
Paul Capital is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 121168.
How much does Paul Capital manage?
Paul Capital reports $520,903,769 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary).
How have Paul Capital's assets and staff changed since 2021?
In the Form ADV data for Paul Capital: Regulatory assets under management: $908,895,848 in the October 2021 data and $520,903,769 in the October 2026 data, down 43%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Paul Capital serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).
Does Paul 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/121168
Does Paul Capital state an account minimum?
Its Form ADV Part 2A brochure dated March 20, 2026 says: "Each Client Fund generally has a minimum investment requirement for investors of $10 million and the limited partnership interests are offered and sold solely to qualified purchasers or qualified knowledgeable employees of Paul Capital Advisors."
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
- Other
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 2AAsset-based fee: 1.25% of assets a year
The brochure's wording
Management Fees are 1.25% (or less) of investor subscriptions, investor contributions, or the net asset value of the assets under management.
Account minimum: $10,000,000
The brochure's wording
Each Client Fund generally has a minimum investment requirement for investors of $10 million and the limited partnership interests are offered and sold solely to qualified purchasers or qualified knowledgeable employees of Paul Capital Advisors.
As stated in the firm's Form ADV Part 2A brochure dated March 20, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$520,903,769 as of October 2026, filing dated March 20, 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)
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- 3000 Management, Inc.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2002 (23 years)
- Employees
- Total: 9. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the April 2026 filing
- States registered or notice-filed
-
2 states or jurisdictions
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 | $520,903,769 | 9 | March 20, 2026 |
| October 2025 | $538,996,057 | 9 | March 21, 2025 |
| October 2024 | $558,069,198 | 9 | March 22, 2024 |
| October 2023 | $695,111,830 | 9 | March 15, 2023 |
| October 2022 | $918,142,193 | 9 | March 24, 2022 |
| October 2021 | $908,895,848 | 9 | March 30, 2021 |
Regulatory assets under management: $908,895,848 in the October 2021 data and $520,903,769 in the October 2026 data, down 43%.
Total employees: 9 in October 2021 and 9 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. Paul Capital (CRD 121168): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/paul-capital-san-francisco-ca-121168