{
  "crd_number": 327316,
  "slug": "third-gear-capital-management-lp-houston-tx-327316",
  "primary_business_name": "THIRD GEAR CAPITAL MANAGEMENT LP",
  "legal_name": "THIRD GEAR CAPITAL MANAGEMENT LP",
  "dbas": [],
  "city": "Houston",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "26420",
  "metro": {
    "cbsa_code": "26420",
    "common_name": "Houston",
    "msa_name": "Houston-Pasadena-The Woodlands, TX",
    "path": "/advisors/tx/houston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-07-02",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-06-11",
  "carried_forward": false,
  "raum_total": 115650293.0,
  "raum_discretionary": 115650293.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 115650293.0,
      "count": 4
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CT",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/third-gear-investments",
    "https://thirdgearinvestments.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327316",
  "city_as_filed": "HOUSTON",
  "url": "https://advisorcensus.com/firm/third-gear-capital-management-lp-houston-tx-327316",
  "display_name": "Third Gear Capital Management LP",
  "summary": "Third Gear Capital Management LP is an SEC-registered investment advisory firm in Houston, TX, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 11, 2026.",
  "citation": "AdvisorCensus. Third Gear Capital Management LP (CRD 327316): 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)"
  ],
  "quick_answers": [
    {
      "q": "How is Third Gear Capital Management LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Third Gear Capital Management 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 Third Gear Capital Management LP located?",
      "a": "Third Gear Capital Management LP's principal office is in Houston, TX, according to its Form ADV."
    },
    {
      "q": "Is Third Gear Capital Management LP registered with the SEC or a state?",
      "a": "Third Gear Capital Management LP is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 327316."
    },
    {
      "q": "How much does Third Gear Capital Management LP manage?",
      "a": "Third Gear Capital Management LP reports $115,650,293 in regulatory assets under management in its Form ADV filing dated June 11, 2026 (100% discretionary)."
    },
    {
      "q": "How have Third Gear Capital Management LP's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Third Gear Capital Management LP: Regulatory assets under management: $13,284,827 in the October 2025 data and $115,650,293 in the October 2026 data, up 771%. Total employees: 3 in October 2025 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Third Gear Capital Management LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Does Third Gear Capital Management 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/327316"
    },
    {
      "q": "What changed in Third Gear Capital Management LP's recent Form ADV filings?",
      "a": "In the December 2025 filing data: Regulatory assets under management went from $13,284,827 to $115,699,573 (+771%)."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 13284827.0,
      "total_employees": 3,
      "filing_date": "2025-06-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 115650293.0,
      "total_employees": 3,
      "filing_date": "2026-06-11"
    }
  ],
  "recent_changes": [
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Regulatory assets under management went from $13,284,827 to $115,699,573 (+771%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/third-gear-capital-management-lp-houston-tx-327316.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 115650293.0
    }
  ],
  "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/327316",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}