# Serent Capital Management Company, L.L.C.

> Serent Capital Management Company, L.L.C. is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 160292
- Filed as: SERENT CAPITAL MANAGEMENT COMPANY, L.L.C.
- Also doing business as: SERENT CAPITAL PARTNERS, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160292
- AdvisorCensus page: https://advisorcensus.com/firm/serent-capital-management-company-l-l-c-san-francisco-ca-160292

## Quick answers

**How is Serent Capital Management Company, L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), Serent Capital Management Company, L.L.C. 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 Serent Capital Management Company, L.L.C. located?**
Serent Capital Management Company, L.L.C.'s principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Serent Capital Management Company, L.L.C. registered with the SEC or a state?**
Serent Capital Management Company, L.L.C. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160292.

**How much does Serent Capital Management Company, L.L.C. manage?**
Serent Capital Management Company, L.L.C. reports $5,107,577,050 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Serent Capital Management Company, L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Serent Capital Management Company, L.L.C.: Regulatory assets under management: $2,279,577,191 in the October 2021 data and $5,107,577,050 in the October 2026 data, up 124%. Total employees: 53 in October 2021 and 95 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Serent Capital Management Company, L.L.C. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13).

**Does Serent Capital Management Company, L.L.C. 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/160292

**What changed in Serent Capital Management Company, L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 75 to 72.

## 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: $5,107,577,050
- Discretionary: $5,107,577,050
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $5,107,577,050 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 95 total, 72 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.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Austin, TX

### Websites listed on Form ADV (Item 1.I)
- [serentcapital.com](https://serentcapital.com)
- LinkedIn @serent-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,279,577,191 | 53 | March 31, 2021 |
| October 2022 | $3,355,285,451 | 67 | March 31, 2022 |
| October 2023 | $4,340,498,667 | 76 | March 31, 2023 |
| October 2024 | $4,731,900,208 | 82 | March 29, 2024 |
| October 2025 | $5,240,266,913 | 91 | March 31, 2025 |
| October 2026 | $5,107,577,050 | 95 | March 31, 2026 |

Regulatory assets under management: $2,279,577,191 in the October 2021 data and $5,107,577,050 in the October 2026 data, up 124%.
Total employees: 53 in October 2021 and 95 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 75 to 72.

### December 2025
- Changed its office addresses in Austin, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Serent Capital Management Company, L.L.C. (CRD 160292): Form ADV filing data as of October 2026.