# Sessa Capital

> Sessa Capital is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 166403
- Filed as: SESSA CAPITAL
- Legal name: Sessa Capital IM, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/166403
- AdvisorCensus page: https://advisorcensus.com/firm/sessa-capital-new-york-ny-166403

## Quick answers

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

**How much does Sessa Capital charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Sessa Capital located?**
Sessa Capital's principal office is in New York, NY, according to its Form ADV.

**Is Sessa Capital registered with the SEC or a state?**
Sessa Capital is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 166403.

**How much does Sessa Capital manage?**
Sessa Capital reports $7,524,173,067 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Sessa Capital's assets and staff changed since 2021?**
In the Form ADV data for Sessa Capital: Regulatory assets under management: $1,963,257,185 in the October 2021 data and $7,524,173,067 in the October 2026 data, up 283%. Total employees: 11 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Sessa Capital 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/166403

**What changed in Sessa Capital's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $4,720,055,377 to $7,524,173,067 (+59%).

## 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 31, 2026)

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> Sessa Capital is paid a management fee, payable quarterly in advance, of no more than 1.5% per year of the value of each Investor’s interest in the Fund s, calculated as of the first day of the calendar quarter.

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

### Regulatory assets under management (Item 5.F)
- Total: $7,524,173,067
- Discretionary: $7,524,173,067
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $7,524,173,067 |

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

### Firm details
- Registered since: 2014 (12 years)
- Employees: 13 total, 7 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)
- sessacapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,963,257,185 | 11 | March 31, 2021 |
| October 2022 | $2,679,411,535 | 11 | August 29, 2022 |
| October 2023 | $2,601,330,608 | 13 | March 31, 2023 |
| October 2024 | $3,617,602,160 | 13 | March 29, 2024 |
| October 2025 | $4,720,055,377 | 13 | March 31, 2025 |
| October 2026 | $7,524,173,067 | 13 | March 31, 2026 |

Regulatory assets under management: $1,963,257,185 in the October 2021 data and $7,524,173,067 in the October 2026 data, up 283%.
Total employees: 11 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $4,720,055,377 to $7,524,173,067 (+59%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sessa Capital (CRD 166403): Form ADV filing data as of October 2026.