# Republic Square

> Republic Square is an SEC-registered investment advisory firm in Austin, TX, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 10, 2026.

- CRD: 305018
- Filed as: REPUBLIC SQUARE
- Legal name: Crowdout Capital LLC
- Also doing business as: REPUBLIC SQUARE
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Austin, TX
- Filing period: October 2026
- Form ADV filing dated: March 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305018
- AdvisorCensus page: https://advisorcensus.com/firm/republic-square-austin-tx-305018

## Quick answers

**How is Republic Square compensated?**
On its Form ADV (Item 5.E, October 2026), Republic Square 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 Republic Square located?**
Republic Square's principal office is in Austin, TX, according to its Form ADV.

**Is Republic Square registered with the SEC or a state?**
Republic Square is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 305018.

**How much does Republic Square manage?**
Republic Square reports $102,381,734 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (100% discretionary).

**How have Republic Square's assets and staff changed since 2023?**
In the Form ADV data for Republic Square: Regulatory assets under management: $201,808,012 in the October 2023 data and $102,381,734 in the October 2026 data, down 49%. Total employees: 10 in October 2023 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Republic Square serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Republic Square 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/305018

**What changed in Republic Square's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $130,331,691 to $102,381,734 (-21%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $102,381,734
- Discretionary: $102,381,734
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $102,381,734 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2023 (3 years)
- Employees: 9 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- crowdout.com
- repsquare.com
- LinkedIn @crowdout
- LinkedIn @republicsquarecapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $201,808,012 | 10 | June 23, 2023 |
| October 2024 | $199,687,035 | 10 | August 29, 2024 |
| October 2025 | $130,331,691 | 10 | March 24, 2025 |
| October 2026 | $102,381,734 | 9 | March 10, 2026 |

Regulatory assets under management: $201,808,012 in the October 2023 data and $102,381,734 in the October 2026 data, down 49%.
Total employees: 10 in October 2023 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $130,331,691 to $102,381,734 (-21%).

### December 2025
- Added the business name Republic Square.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Republic Square (CRD 305018): Form ADV filing data as of October 2026.