{ "crd_number": 338178, "slug": "prp-real-assets-advisors-llc-washington-dc-338178", "primary_business_name": "PRP REAL ASSETS ADVISORS, LLC", "legal_name": "PRP REAL ASSETS ADVISORS, LLC", "dbas": [], "city": "Washington", "state": "DC", "country": "United States", "cbsa_code": "47900", "metro": { "cbsa_code": "47900", "common_name": "Washington", "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV", "path": "/advisors/dc/washington" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2025-09-30", "years_registered": 1, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 3043695778.0, "raum_discretionary": 3043695778.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 15, "advisory_employees": 10, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 3043695778.0, "count": 23 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "DC" ], "websites": [ "https://linkedin.com/company/prprei/posts?feedView=all", "https://prprei.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/338178", "city_as_filed": "WASHINGTON", "url": "https://advisorcensus.com/firm/prp-real-assets-advisors-llc-washington-dc-338178", "display_name": "PRP Real Assets Advisors, LLC", "summary": "PRP Real Assets Advisors, LLC is an SEC-registered investment advisory firm in Washington, DC, registered since 2025, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. PRP Real Assets Advisors, LLC (CRD 338178): 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 PRP Real Assets Advisors, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), PRP Real Assets Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "What does PRP Real Assets Advisors, LLC's brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated March 31, 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." }, { "q": "Where is PRP Real Assets Advisors, LLC located?", "a": "PRP Real Assets Advisors, LLC's principal office is in Washington, DC, according to its Form ADV." }, { "q": "Is PRP Real Assets Advisors, LLC registered with the SEC or a state?", "a": "PRP Real Assets Advisors, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 338178." }, { "q": "How much does PRP Real Assets Advisors, LLC manage?", "a": "PRP Real Assets Advisors, LLC reports $3,043,695,778 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "What types of clients does PRP Real Assets Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (23)." }, { "q": "Does PRP Real Assets Advisors, LLC 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/338178" }, { "q": "What changed in PRP Real Assets Advisors, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 9 to 10." } ], "filing_history": [], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 9 to 10." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Newly registered with the SEC." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "tiers": [], "flat_rate": "1.5% 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: 1.5% of assets a year" ], "quotes": [ "During the Client’s investment period, Management Fees may equal 1.5% of the aggregate commitments to a Client. After the investment period, the Management Fee may equal annualized 1.5% of the aggregate amount of capital that the Client has invested" ] } ], "quotes": [ "During the Client’s investment period, Management Fees may equal 1.5% of the aggregate commitments to a Client. After the investment period, the Management Fee may equal annualized 1.5% of the aggregate amount of capital that the Client has invested" ], "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/prp-real-assets-advisors-llc-washington-dc-338178.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 23, "fewer_than_5": false, "raum": 3043695778.0 } ], "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/338178", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }