# Surgocap Partners LP

> Surgocap Partners LP is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 26, 2026.

- CRD: 323078
- Filed as: SURGOCAP PARTNERS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323078
- AdvisorCensus page: https://advisorcensus.com/firm/surgocap-partners-lp-new-york-ny-323078

## Quick answers

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

**How much does Surgocap Partners LP charge?**
Its Form ADV Part 2A brochure dated June 26, 2026 states: Asset-based fee: 0.875% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

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

**Is Surgocap Partners LP registered with the SEC or a state?**
Surgocap Partners LP is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323078.

**How much does Surgocap Partners LP manage?**
Surgocap Partners LP reports $7,354,761,131 in regulatory assets under management in its Form ADV filing dated June 26, 2026 (100% discretionary).

**How have Surgocap Partners LP's assets and staff changed since 2023?**
In the Form ADV data for Surgocap Partners LP: Regulatory assets under management: $1,991,328,718 in the October 2023 data and $7,354,761,131 in the October 2026 data, up 269%. Total employees: 20 in October 2023 and 28 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Surgocap Partners LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Surgocap Partners LP 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/323078

**What changed in Surgocap Partners LP'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 $4,827,704,880 to $7,354,761,131 (+52%).

## 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 June 26, 2026)

- Asset-based fee: 0.875% to 1.75% a year (a range, as the brochure states it)

> With respect to the Funds, Surgo charges a management fee (the “Management Fee”) that varies depending on the applicable share class and generally ranges from approximately 0.875% -1.75% (per annum)

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

### Regulatory assets under management (Item 5.F)
- Total: $7,354,761,131
- Discretionary: $7,354,761,131
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $7,354,761,131 |

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

### Firm details
- Registered since: 2022 (3 years)
- Employees: 28 total, 12 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $1,991,328,718 | 20 | March 30, 2023 |
| October 2024 | $2,992,502,057 | 23 | March 29, 2024 |
| October 2025 | $4,827,704,880 | 24 | March 28, 2025 |
| October 2026 | $7,354,761,131 | 28 | June 26, 2026 |

Regulatory assets under management: $1,991,328,718 in the October 2023 data and $7,354,761,131 in the October 2026 data, up 269%.
Total employees: 20 in October 2023 and 28 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 $4,827,704,880 to $7,354,761,131 (+52%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Surgocap Partners LP (CRD 323078): Form ADV filing data as of October 2026.