# Uncommon Equity LLC

> Uncommon Equity LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 314936
- Filed as: UNCOMMON EQUITY LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/314936
- AdvisorCensus page: https://advisorcensus.com/firm/uncommon-equity-llc-chicago-il-314936

## Quick answers

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

**Where is Uncommon Equity LLC located?**
Uncommon Equity LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Uncommon Equity LLC registered with the SEC or a state?**
Uncommon Equity LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 314936.

**How much does Uncommon Equity LLC manage?**
Uncommon Equity LLC reports $198,801,821 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Uncommon Equity LLC's assets and staff changed since 2021?**
In the Form ADV data for Uncommon Equity LLC: Regulatory assets under management: $286,120,107 in the October 2024 data and $198,801,821 in the October 2026 data, down 31%. Total employees: 8 in October 2024 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Uncommon Equity LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does Uncommon Equity LLC 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/314936

**What changed in Uncommon Equity LLC's recent Form ADV filings?**
In the April 2026 filing data: No longer lists the business name Uncommon Equity, LLC. Changed its legal name from City Capital Ventures, LLC to Uncommon Equity LLC. Regulatory assets under management went from $223,421,180 to $198,801,821 (-11%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $198,801,821
- Discretionary: $198,801,821
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $198,801,821 |

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

### Firm details
- Registered since: 2024 (2 years)
- Employees: 8 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- uncommonequity.com
- LinkedIn @uncommonequityllc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | July 8, 2021 |
| October 2022 | Not reported | Not reported | April 1, 2022 |
| October 2023 | Not reported | Not reported | April 3, 2023 |
| October 2024 | $286,120,107 | 8 | June 26, 2024 |
| October 2025 | $223,421,180 | 8 | March 31, 2025 |
| October 2026 | $198,801,821 | 8 | March 31, 2026 |

Regulatory assets under management: $286,120,107 in the October 2024 data and $198,801,821 in the October 2026 data, down 31%.
Total employees: 8 in October 2024 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists the business name Uncommon Equity, LLC.
- Changed its legal name from City Capital Ventures, LLC to Uncommon Equity LLC.
- Regulatory assets under management went from $223,421,180 to $198,801,821 (-11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Uncommon Equity LLC (CRD 314936): Form ADV filing data as of October 2026.