# Ridgeback Capital Management

> Ridgeback Capital Management is an SEC-registered investment advisory firm in Bellaire, TX, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 113848
- Filed as: RIDGEBACK CAPITAL MANAGEMENT
- Legal name: Mandalay Financial, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bellaire, TX
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113848
- AdvisorCensus page: https://advisorcensus.com/firm/ridgeback-capital-management-bellaire-tx-113848

## Quick answers

**How is Ridgeback Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Ridgeback Capital Management reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**How much does Ridgeback Capital Management charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Flat fee: $1,000 to $5,000 (preparation of such plans). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Ridgeback Capital Management located?**
Ridgeback Capital Management's principal office is in Bellaire, TX, according to its Form ADV.

**Is Ridgeback Capital Management registered with the SEC or a state?**
Ridgeback Capital Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 113848.

**How much does Ridgeback Capital Management manage?**
Ridgeback Capital Management reports $171,494,579 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (0% discretionary).

**How have Ridgeback Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Ridgeback Capital Management: Regulatory assets under management: $170,314,422 in the October 2021 data and $171,494,579 in the October 2026 data, up 1%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ridgeback Capital Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (72); individuals (other than high net worth individuals) (41).

**Does Ridgeback Capital Management 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/113848

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Flat fee: $1,000 to $5,000 (preparation of such plans)

> The design fee for the preparation of such plans ranges from $1,000 to $5,000 and may be charged at an hourly rate or for a fixed fee.

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

### Regulatory assets under management (Item 5.F)
- Total: $171,494,579
- Discretionary: $0
- Non-discretionary: $171,494,579

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 41 | $7,712,016 |
| High net worth individuals | 72 | $163,782,563 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2014 (12 years)
- Employees: 3 total, 2 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)
- ridgebackcm.com
- LinkedIn @84522832

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $170,314,422 | 3 | March 31, 2021 |
| October 2022 | $176,355,557 | 4 | March 31, 2022 |
| October 2023 | $175,786,146 | 4 | March 31, 2023 |
| October 2024 | $186,814,196 | 4 | March 28, 2024 |
| October 2025 | $185,510,000 | 3 | March 28, 2025 |
| October 2026 | $171,494,579 | 3 | March 30, 2026 |

Regulatory assets under management: $170,314,422 in the October 2021 data and $171,494,579 in the October 2026 data, up 1%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ridgeback Capital Management (CRD 113848): Form ADV filing data as of October 2026.