AdvisorCensus / Financial advisors / California / San Francisco / Sumeru Equity Partners
Sumeru Equity Partners
Filed as SUMERU EQUITY PARTNERS · Legal name Sumeru Equity Partners L.P.
Sumeru Equity Partners is an SEC-registered investment advisory firm in San Mateo, CA, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 16, 2026.
Quick answers
From the filingHow is Sumeru Equity Partners compensated?
On its Form ADV (Item 5.E, October 2026), Sumeru Equity Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.
Where is Sumeru Equity Partners located?
Sumeru Equity Partners' principal office is in San Mateo, CA, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Sumeru Equity Partners registered with the SEC or a state?
Sumeru Equity Partners is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 172955.
How much does Sumeru Equity Partners manage?
Sumeru Equity Partners reports $3,373,972,104 in regulatory assets under management in its Form ADV filing dated July 16, 2026 (100% discretionary).
How have Sumeru Equity Partners' assets and staff changed since 2021?
In the Form ADV data for Sumeru Equity Partners: Regulatory assets under management: $1,614,177,106 in the October 2021 data and $3,373,972,104 in the October 2026 data, up 109%. Total employees: 27 in October 2021 and 43 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Sumeru Equity Partners serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).
Does Sumeru Equity Partners 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/172955
What changed in Sumeru Equity Partners' recent Form ADV filings?
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 24, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$3,373,972,104 as of October 2026, filing dated July 16, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Sumeru Equity Partners L.P.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2015 (11 years)
- Employees
- Total: 43. Performing investment advisory functions: 36.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the August 2026 filing
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $3,373,972,104 | 43 | July 16, 2026 |
| October 2025 | $3,383,071,026 | 47 | May 19, 2025 |
| October 2024 | $3,505,469,014 | 47 | March 27, 2024 |
| October 2023 | $3,491,313,219 | 39 | April 18, 2023 |
| October 2022 | $2,790,161,939 | 29 | May 10, 2022 |
| October 2021 | $1,614,177,106 | 27 | March 25, 2021 |
Regulatory assets under management: $1,614,177,106 in the October 2021 data and $3,373,972,104 in the October 2026 data, up 109%.
Total employees: 27 in October 2021 and 43 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 41 to 36.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Sumeru Equity Partners (CRD 172955): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/sumeru-equity-partners-san-mateo-ca-172955