# Seafarer Capital Partners, LLC

> Seafarer Capital Partners, LLC is an SEC-registered investment advisory firm in Larkspur, CA, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 158671
- Filed as: SEAFARER CAPITAL PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Larkspur, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158671
- AdvisorCensus page: https://advisorcensus.com/firm/seafarer-capital-partners-llc-larkspur-ca-158671

## Quick answers

**How is Seafarer Capital Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Seafarer Capital Partners, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Seafarer Capital Partners, LLC located?**
Seafarer Capital Partners, LLC's principal office is in Larkspur, CA, according to its Form ADV.

**Is Seafarer Capital Partners, LLC registered with the SEC or a state?**
Seafarer Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158671.

**How much does Seafarer Capital Partners, LLC manage?**
Seafarer Capital Partners, LLC reports $3,381,788,479 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Seafarer Capital Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Seafarer Capital Partners, LLC: Regulatory assets under management: $2,031,201,052 in the October 2021 data and $3,381,788,479 in the October 2026 data, up 66%. Total employees: 15 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Seafarer Capital Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (2).

**Does Seafarer Capital Partners, LLC 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/158671

**What changed in Seafarer Capital Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $3,023,253,278 to $3,381,788,479 (+12%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $3,381,788,479
- Discretionary: $3,381,788,479
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 2 | $3,381,788,479 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2011 (14 years)
- Employees: 19 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [seafarerfunds.com](https://seafarerfunds.com)
- LinkedIn @seafarer-capital-partners
- X @SeafarerCapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,031,201,052 | 15 | March 30, 2021 |
| October 2022 | $1,990,330,583 | 14 | March 25, 2022 |
| October 2023 | $2,211,242,268 | 17 | March 29, 2023 |
| October 2024 | $3,533,340,127 | 19 | March 26, 2024 |
| October 2025 | $3,023,253,278 | 17 | March 27, 2025 |
| October 2026 | $3,381,788,479 | 19 | March 31, 2026 |

Regulatory assets under management: $2,031,201,052 in the October 2021 data and $3,381,788,479 in the October 2026 data, up 66%.
Total employees: 15 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $3,023,253,278 to $3,381,788,479 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Seafarer Capital Partners, LLC (CRD 158671): Form ADV filing data as of October 2026.