# Wishbone Management, LP

> Wishbone Management, LP is an SEC-registered investment advisory firm in Chicago, IL, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 283479
- Filed as: WISHBONE MANAGEMENT, LP
- 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/283479
- AdvisorCensus page: https://advisorcensus.com/firm/wishbone-management-lp-chicago-il-283479

## Quick answers

**How is Wishbone Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Wishbone Management, LP reports these compensation arrangements: performance-based fees.

**Where is Wishbone Management, LP located?**
Wishbone Management, LP's principal office is in Chicago, IL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Wishbone Management, LP registered with the SEC or a state?**
Wishbone Management, LP is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 283479.

**How much does Wishbone Management, LP manage?**
Wishbone Management, LP reports $1,118,424,049 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Wishbone Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Wishbone Management, LP: Regulatory assets under management: $1,275,305,669 in the October 2021 data and $1,118,424,049 in the October 2026 data, down 12%. Total employees: 25 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wishbone Management, 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 Wishbone 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/283479

**What changed in Wishbone Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $911,898,183 to $1,118,424,049 (+23%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $1,118,424,049
- Discretionary: $1,118,424,049
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $1,118,424,049 |

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

### Firm details
- Registered since: 2016 (10 years)
- Employees: 22 total, 5 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,275,305,669 | 25 | March 18, 2021 |
| October 2022 | $1,263,182,798 | 25 | March 30, 2022 |
| October 2023 | $1,009,960,511 | 23 | March 31, 2023 |
| October 2024 | $1,196,200,889 | 21 | March 27, 2024 |
| October 2025 | $911,898,183 | 21 | March 28, 2025 |
| October 2026 | $1,118,424,049 | 22 | March 31, 2026 |

Regulatory assets under management: $1,275,305,669 in the October 2021 data and $1,118,424,049 in the October 2026 data, down 12%.
Total employees: 25 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $911,898,183 to $1,118,424,049 (+23%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wishbone Management, LP (CRD 283479): Form ADV filing data as of October 2026.