{
  "crd_number": 119126,
  "slug": "spring-mountain-capital-lp-new-york-ny-119126",
  "primary_business_name": "SPRING MOUNTAIN CAPITAL, LP",
  "legal_name": "SPRING MOUNTAIN CAPITAL, LP",
  "dbas": [
    "WEST HARLEM INNOVATION NETWORK"
  ],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-02-18",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-04-21",
  "carried_forward": false,
  "raum_total": 310906528.0,
  "raum_discretionary": 310906528.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 17,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 98130.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 85325885.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 225482513.0,
      "count": 5
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DE",
    "FL",
    "IL",
    "MA",
    "MD",
    "MN",
    "MO",
    "NH",
    "NJ",
    "NM",
    "NY",
    "OR",
    "PA",
    "TX",
    "UT",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://facebook.com/WestHarlemInnovationNetwork",
    "https://instagram.com/westharleminnovationnetwork",
    "https://linkedin.com/company/west-harlem-innovation-network/about",
    "https://springmountaincapital.com",
    "https://twitter.com/harlem_network",
    "https://westharleminnovationnetwork.com",
    "https://whin.nyc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/119126",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/spring-mountain-capital-lp-new-york-ny-119126",
  "display_name": "Spring Mountain Capital, LP",
  "summary": "Spring Mountain Capital, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2003, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 21, 2026.",
  "citation": "AdvisorCensus. Spring Mountain Capital, LP (CRD 119126): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Spring Mountain Capital, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Spring Mountain Capital, LP 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."
    },
    {
      "q": "Where is Spring Mountain Capital, LP located?",
      "a": "Spring Mountain Capital, LP's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is Spring Mountain Capital, LP registered with the SEC or a state?",
      "a": "Spring Mountain Capital, LP is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 119126."
    },
    {
      "q": "How much does Spring Mountain Capital, LP manage?",
      "a": "Spring Mountain Capital, LP reports $310,906,528 in regulatory assets under management in its Form ADV filing dated April 21, 2026 (100% discretionary)."
    },
    {
      "q": "How have Spring Mountain Capital, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Spring Mountain Capital, LP: Regulatory assets under management: $756,484,249 in the October 2021 data and $310,906,528 in the October 2026 data, down 59%. Total employees: 23 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Spring Mountain Capital, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5)."
    },
    {
      "q": "Which custodians does Spring Mountain Capital, LP use?",
      "a": "Spring Mountain Capital, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Spring Mountain Capital, LP report any disciplinary disclosures?",
      "a": "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/119126"
    },
    {
      "q": "What changed in Spring Mountain Capital, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name SMC Fixed Income Management. Employees performing advisory functions went from 19 to 9. Regulatory assets under management went from $1,603,113,398 to $310,906,528 (-81%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 756484249.0,
      "total_employees": 23,
      "filing_date": "2021-09-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1166865667.0,
      "total_employees": 28,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1375205686.0,
      "total_employees": 29,
      "filing_date": "2023-05-11"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1651783601.0,
      "total_employees": 35,
      "filing_date": "2024-09-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1603113398.0,
      "total_employees": 31,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 310906528.0,
      "total_employees": 17,
      "filing_date": "2026-04-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name SMC Fixed Income Management.",
        "Employees performing advisory functions went from 19 to 9.",
        "Regulatory assets under management went from $1,603,113,398 to $310,906,528 (-81%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "No longer lists an office in West Windsor, NJ."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Interactive Brokers LLC",
      "name_as_filed": "INTERACTIVE BROKERS LLC",
      "affiliated": false
    },
    {
      "name": "Merrill Lynch, Pierce, Fenner & Smith Incorporated",
      "name_as_filed": "MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/spring-mountain-capital-lp-new-york-ny-119126.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 225482513.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 98130.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 85325885.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/119126",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}