# Pelican Capital Management LLC

> Pelican Capital Management LLC is an SEC-registered investment advisory firm, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 24, 2026.

- CRD: 338285
- Filed as: PELICAN CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: August 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/338285
- AdvisorCensus page: https://advisorcensus.com/firm/pelican-capital-management-llc-338285

## Quick answers

**How is Pelican Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Pelican Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Pelican Capital Management LLC charge?**
Its Form ADV Part 2A brochure dated August 24, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is Pelican Capital Management LLC registered with the SEC or a state?**
Pelican Capital Management LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 338285.

**How much does Pelican Capital Management LLC manage?**
Pelican Capital Management LLC reports $347,837,722 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (100% discretionary).

**What types of clients does Pelican Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does Pelican Capital Management LLC 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/338285

**What changed in Pelican Capital Management LLC's recent Form ADV filings?**
In the September 2026 filing data: Newly registered with the SEC.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated August 24, 2026)

- Asset-based fee: 1.5% of assets a year

> The advisory fee is typically 1.5% of the aggregate capital contributions of the members.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $347,837,722
- Discretionary: $347,837,722
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $347,837,722 |

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

### Firm details
- Registered since: 2026 (0 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Changes in the filing (last 12 months)

### September 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pelican Capital Management LLC (CRD 338285): Form ADV filing data as of October 2026.