# Second Alpha Partners

> Second Alpha Partners is an SEC-registered investment advisory firm in New York, NY, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 282418
- Filed as: SECOND ALPHA PARTNERS
- Legal name: Second Alpha Partners, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/282418
- AdvisorCensus page: https://advisorcensus.com/firm/second-alpha-partners-new-york-ny-282418

## Quick answers

**How is Second Alpha Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Second Alpha Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does Second Alpha Partners' brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Second Alpha Partners located?**
Second Alpha Partners' principal office is in New York, NY, according to its Form ADV.

**Is Second Alpha Partners registered with the SEC or a state?**
Second Alpha Partners is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 282418.

**How much does Second Alpha Partners manage?**
Second Alpha Partners reports $438,367,252 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Second Alpha Partners' assets and staff changed since 2021?**
In the Form ADV data for Second Alpha Partners: Regulatory assets under management: $199,333,895 in the October 2021 data and $438,367,252 in the October 2026 data, up 120%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Second Alpha Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does Second Alpha Partners 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/282418

**What changed in Second Alpha Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 5. Regulatory assets under management went from $334,874,450 to $438,367,252 (+31%).

## From the Form ADV filing

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

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

- Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it)

> The Firm generally charges a management fee to the Fund (“Management Fee”) which ranges from 1.5% to 2% annually.

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

### Regulatory assets under management (Item 5.F)
- Total: $438,367,252
- Discretionary: $438,367,252
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $438,367,252 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- secondalpha.com
- LinkedIn @second-alpha

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $199,333,895 | 4 | June 29, 2021 |
| October 2022 | $257,463,708 | 6 | March 31, 2022 |
| October 2023 | $322,633,724 | 7 | March 24, 2023 |
| October 2024 | $396,518,349 | 8 | March 26, 2024 |
| October 2025 | $334,874,450 | 8 | July 18, 2025 |
| October 2026 | $438,367,252 | 6 | March 30, 2026 |

Regulatory assets under management: $199,333,895 in the October 2021 data and $438,367,252 in the October 2026 data, up 120%.
Total employees: 4 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 5.
- Regulatory assets under management went from $334,874,450 to $438,367,252 (+31%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Second Alpha Partners (CRD 282418): Form ADV filing data as of October 2026.