# Perini Capital

> Perini Capital is an SEC-registered investment advisory firm in Carlsbad, NM, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 14, 2026.

- CRD: 158540
- Filed as: PERINI CAPITAL
- Legal name: Perini Capital, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Carlsbad, NM
- Filing period: October 2026
- Form ADV filing dated: April 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158540
- AdvisorCensus page: https://advisorcensus.com/firm/perini-capital-carlsbad-nm-158540

## Quick answers

**How is Perini Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Perini 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 Perini Capital located?**
Perini Capital's principal office is in Carlsbad, NM, according to its Form ADV.

**Is Perini Capital registered with the SEC or a state?**
Perini Capital is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 158540.

**How much does Perini Capital manage?**
Perini Capital reports $287,036,522 in regulatory assets under management in its Form ADV filing dated April 14, 2026 (57% discretionary).

**How have Perini Capital's assets and staff changed since 2021?**
In the Form ADV data for Perini Capital: Regulatory assets under management: $152,110,431 in the October 2021 data and $287,036,522 in the October 2026 data, up 89%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Perini Capital serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (50); individuals (other than high net worth individuals) (14); pooled investment vehicles (other than investment companies and business development companies) (6).

**Which custodians does Perini Capital use?**
Perini Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists US Bank as a custodian holding 10% or more of its separately managed account assets.

**Does Perini Capital report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158540

**What changed in Perini Capital's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $329,800,045 to $287,036,522 (-13%).

## 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))
- US Bank

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: $287,036,522
- Discretionary: $164,076,541
- Non-discretionary: $122,959,981

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 14 | $1,572,765 |
| High net worth individuals | 50 | $93,326,428 |
| Investment companies | 1 | $47,070,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $145,067,329 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- 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: 2021 (5 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CO, FL, NM, PR, TX
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158540

### Websites listed on Form ADV (Item 1.I)
- perinicapital.com
- LinkedIn @perinicapitalllc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $152,110,431 | 5 | July 8, 2021 |
| October 2022 | $158,905,836 | 7 | June 6, 2022 |
| October 2023 | $102,450,490 | 6 | September 1, 2023 |
| October 2024 | $160,996,876 | 6 | July 17, 2024 |
| October 2025 | $217,390,327 | 7 | March 28, 2025 |
| October 2026 | $287,036,522 | 5 | April 14, 2026 |

Regulatory assets under management: $152,110,431 in the October 2021 data and $287,036,522 in the October 2026 data, up 89%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $329,800,045 to $287,036,522 (-13%).

### April 2026
- Employees performing advisory functions went from 5 to 2.
- Regulatory assets under management went from $217,390,327 to $329,800,045 (+52%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Perini Capital (CRD 158540): Form ADV filing data as of October 2026.