# Tilden Park Capital Management LP

> Tilden Park Capital Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.

- CRD: 161836
- Filed as: TILDEN PARK CAPITAL MANAGEMENT LP
- Also doing business as: TILDEN PARK MANAGEMENT I LLC (RELYING ADVISER), TILDEN PARK MANAGEMENT II LLC (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161836
- AdvisorCensus page: https://advisorcensus.com/firm/tilden-park-capital-management-lp-new-york-ny-161836

## Quick answers

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

**Where is Tilden Park Capital Management LP located?**
Tilden Park Capital Management LP's principal office is in New York, NY, according to its Form ADV.

**Is Tilden Park Capital Management LP registered with the SEC or a state?**
Tilden Park Capital Management LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161836.

**How much does Tilden Park Capital Management LP manage?**
Tilden Park Capital Management LP reports $6,836,633,114 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary).

**How have Tilden Park Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Tilden Park Capital Management LP: Regulatory assets under management: $11,817,803,940 in the October 2021 data and $6,836,633,114 in the October 2026 data, down 42%. Total employees: 60 in October 2021 and 37 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tilden Park Capital Management LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); corporations or other businesses not listed above (1); other (1).

**Which custodians does Tilden Park Capital Management LP use?**
Tilden Park Capital Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Computershare Trust Company, National Association, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Principal Financial Group, Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Tilden Park Capital Management 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/161836

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Computershare Trust Company, National Association
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Principal Financial Group, Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $6,836,633,114
- Discretionary: $6,836,633,114
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $6,738,294,337 |
| Corporations or other businesses not listed above | 1 | $10,018,363 |
| Other | 1 | $88,320,414 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2012 (14 years)
- Employees: 37 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tildenparkcapital.com
- LinkedIn @tilden-park-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $11,817,803,940 | 60 | March 30, 2021 |
| October 2022 | $7,690,357,519 | 61 | May 6, 2022 |
| October 2023 | $9,168,894,846 | 61 | March 31, 2023 |
| October 2024 | $7,239,638,278 | 51 | March 28, 2024 |
| October 2025 | $6,458,280,308 | 42 | March 31, 2025 |
| October 2026 | $6,836,633,114 | 37 | June 30, 2026 |

Regulatory assets under management: $11,817,803,940 in the October 2021 data and $6,836,633,114 in the October 2026 data, down 42%.
Total employees: 60 in October 2021 and 37 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tilden Park Capital Management LP (CRD 161836): Form ADV filing data as of October 2026.