# Section Partners Management, LLC

> Section Partners Management, LLC is an SEC-registered investment advisory firm in Palo Alto, CA, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 314618
- Filed as: SECTION PARTNERS MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Palo Alto, CA
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314618
- AdvisorCensus page: https://advisorcensus.com/firm/section-partners-management-llc-palo-alto-ca-314618

## Quick answers

**How is Section Partners Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Section Partners Management, LLC 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 Section Partners Management, LLC located?**
Section Partners Management, LLC's principal office is in Palo Alto, CA, according to its Form ADV.

**Is Section Partners Management, LLC registered with the SEC or a state?**
Section Partners Management, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 314618.

**How much does Section Partners Management, LLC manage?**
Section Partners Management, LLC reports $590,032,567 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Section Partners Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Section Partners Management, LLC: Regulatory assets under management: $344,333,053 in the October 2021 data and $590,032,567 in the October 2026 data, up 71%. Total employees: 7 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Section Partners Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does Section Partners Management, 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/314618

## 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: $590,032,567
- Discretionary: $590,032,567
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $590,032,567 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sectionpartners.com
- LinkedIn @section-partners
- LinkedIn @vsl-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $344,333,053 | 7 | June 29, 2021 |
| October 2022 | $409,588,828 | 8 | March 31, 2022 |
| October 2023 | $516,616,983 | 11 | April 12, 2023 |
| October 2024 | $588,000,103 | 10 | March 27, 2024 |
| October 2025 | $577,059,604 | 10 | March 27, 2025 |
| October 2026 | $590,032,567 | 10 | March 25, 2026 |

Regulatory assets under management: $344,333,053 in the October 2021 data and $590,032,567 in the October 2026 data, up 71%.
Total employees: 7 in October 2021 and 10 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Section Partners Management, LLC (CRD 314618): Form ADV filing data as of October 2026.