{
  "crd_number": 155566,
  "slug": "prairie-capital-chicago-il-155566",
  "primary_business_name": "PRAIRIE CAPITAL",
  "legal_name": "PRAIRIE MANAGEMENT COMPANY, L.P.",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-03-28",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-09-17",
  "carried_forward": false,
  "raum_total": 869871068.0,
  "raum_discretionary": 869871068.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 22,
  "advisory_employees": 15,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 869871068.0,
      "count": 6
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IL"
  ],
  "websites": [
    "https://linkedin.com/company/prairie-capital-lp/about",
    "https://prairie-capital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155566",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/prairie-capital-chicago-il-155566",
  "display_name": "Prairie Capital",
  "summary": "Prairie Capital is an SEC-registered investment advisory firm in Chicago, IL, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 17, 2026.",
  "citation": "AdvisorCensus. Prairie Capital (CRD 155566): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Prairie Capital compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Prairie Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does Prairie Capital's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 28, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Prairie Capital located?",
      "a": "Prairie Capital's principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Prairie Capital registered with the SEC or a state?",
      "a": "Prairie Capital is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 155566."
    },
    {
      "q": "How much does Prairie Capital manage?",
      "a": "Prairie Capital reports $869,871,068 in regulatory assets under management in its Form ADV filing dated September 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have Prairie Capital's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Prairie Capital: Regulatory assets under management: $1,163,196,348 in the October 2021 data and $869,871,068 in the October 2026 data, down 25%. Total employees: 20 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Prairie Capital serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6)."
    },
    {
      "q": "Does Prairie Capital report any disciplinary disclosures?",
      "a": "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/155566"
    },
    {
      "q": "What changed in Prairie Capital's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1163196348.0,
      "total_employees": 20,
      "filing_date": "2021-08-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1282741640.0,
      "total_employees": 19,
      "filing_date": "2022-05-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1336745718.0,
      "total_employees": 20,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1130485867.0,
      "total_employees": 21,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 999307676.0,
      "total_employees": 21,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 869871068.0,
      "total_employees": 22,
      "filing_date": "2026-09-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 14 to 15.",
        "Regulatory assets under management went from $999,307,676 to $869,871,068 (-13%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 28, 2026",
    "tiers": [],
    "flat_rate": "2% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 2% of assets a year"
        ],
        "quotes": [
          "Each Partnership pays its General Partner, quarterly in advance, a Management Fee equal to 2.0% per annum of its “fee base.”"
        ]
      }
    ],
    "quotes": [
      "Each Partnership pays its General Partner, quarterly in advance, a Management Fee equal to 2.0% per annum of its “fee base.”"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/prairie-capital-chicago-il-155566.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 869871068.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/155566",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}