# Sky Island Capital

> Sky Island Capital is an SEC-registered investment advisory firm in Dallas, TX, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 305087
- Filed as: SKY ISLAND CAPITAL
- Legal name: Sky Island Capital LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305087
- AdvisorCensus page: https://advisorcensus.com/firm/sky-island-capital-dallas-tx-305087

## Quick answers

**How is Sky Island Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Sky Island Capital reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Sky Island Capital located?**
Sky Island Capital's principal office is in Dallas, TX, according to its Form ADV.

**Is Sky Island Capital registered with the SEC or a state?**
Sky Island Capital is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 305087.

**How much does Sky Island Capital manage?**
Sky Island Capital reports $533,489,012 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Sky Island Capital's assets and staff changed since 2021?**
In the Form ADV data for Sky Island Capital: Regulatory assets under management: $231,016,711 in the October 2021 data and $533,489,012 in the October 2026 data, up 131%. Total employees: 9 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Sky Island 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/305087

**What changed in Sky Island Capital's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 10 to 12. Regulatory assets under management went from $723,017,932 to $533,489,012 (-26%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $533,489,012
- Discretionary: $533,489,012
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $533,489,012 |

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

### Firm details
- Registered since: 2019 (6 years)
- Employees: 14 total, 12 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.

### Websites listed on Form ADV (Item 1.I)
- skyislandcap.com
- LinkedIn @sky-island-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $231,016,711 | 9 | March 30, 2021 |
| October 2022 | $399,504,380 | 8 | April 6, 2022 |
| October 2023 | $292,305,645 | 8 | March 31, 2023 |
| October 2024 | $385,453,954 | 10 | March 26, 2024 |
| October 2025 | $723,017,932 | 12 | March 28, 2025 |
| October 2026 | $533,489,012 | 14 | March 30, 2026 |

Regulatory assets under management: $231,016,711 in the October 2021 data and $533,489,012 in the October 2026 data, up 131%.
Total employees: 9 in October 2021 and 14 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 10 to 12.
- Regulatory assets under management went from $723,017,932 to $533,489,012 (-26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sky Island Capital (CRD 305087): Form ADV filing data as of October 2026.