# Z Capital Group, L.L.C.

> Z Capital Group, L.L.C. is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 27, 2026.

- CRD: 159511
- Filed as: Z CAPITAL GROUP, L.L.C.
- Also doing business as: Z CAPITAL CLO MANAGEMENT, L.L.C. (RELYING ADVISER), Z CAPITAL CREDIT PARTNERS ADVISER, L.P. (RELYING ADVISER), Z CAPITAL CREDIT PARTNERS, L.L.C. (F/K/A Z CAPITAL LOAN OPPORTUNITY ADVISER, L.L.C.) (RELYING ADVISER), Z CAPITAL CREDIT TACTICAL GP, L.P. (RELYING ADVISER), Z CAPITAL PARTNERS ADVISER, L.P. (F/K/A Z CAPITAL SPECIAL SITUATIONS ADVISER, L.P.) (RELYING ADVISER), Z CAPITAL PARTNERS GP I, L.P. (F/K/A Z CAPITAL SPECIAL SITUATIONS GP, L.P.) (RELYING ADVISER), Z CAPITAL PARTNERS GP II, L.P. (F/K/A Z CAPITAL SPECIAL SITUATIONS GP II, L.P.) (RELYING ADVISER), Z CAPITAL PARTNERS GP III, L.P. (RELYING ADVISER), ZCG STRATEGIC EQUITY GP, L.P. (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159511
- AdvisorCensus page: https://advisorcensus.com/firm/z-capital-group-l-l-c-new-york-ny-159511

## Quick answers

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

**Where is Z Capital Group, L.L.C. located?**
Z Capital Group, L.L.C.'s principal office is in New York, NY, according to its Form ADV.

**Is Z Capital Group, L.L.C. registered with the SEC or a state?**
Z Capital Group, L.L.C. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 159511.

**How much does Z Capital Group, L.L.C. manage?**
Z Capital Group, L.L.C. reports $3,054,881,330 in regulatory assets under management in its Form ADV filing dated May 27, 2026 (100% discretionary).

**How have Z Capital Group, L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Z Capital Group, L.L.C.: Regulatory assets under management: $3,483,658,703 in the October 2021 data and $3,054,881,330 in the October 2026 data, down 12%. Total employees: 42 in October 2021 and 52 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Z Capital Group, L.L.C. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25).

**Does Z Capital Group, L.L.C. 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/159511

**What changed in Z Capital Group, L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 13 to 19. Regulatory assets under management went from $3,564,654,873 to $3,054,881,330 (-14%). Updated its list of owners and control persons (Schedule A).

## 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: $3,054,881,330
- Discretionary: $3,054,881,330
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $3,054,881,330 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 52 total, 19 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)
- zcg.com
- LinkedIn @z-capital-partners-l-l-c-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,483,658,703 | 42 | May 31, 2021 |
| October 2022 | $4,562,205,066 | 37 | May 3, 2022 |
| October 2023 | $4,323,448,443 | 37 | October 2, 2023 |
| October 2024 | $3,639,195,707 | 38 | March 27, 2024 |
| October 2025 | $3,564,654,873 | 36 | June 18, 2025 |
| October 2026 | $3,054,881,330 | 52 | May 27, 2026 |

Regulatory assets under management: $3,483,658,703 in the October 2021 data and $3,054,881,330 in the October 2026 data, down 12%.
Total employees: 42 in October 2021 and 52 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 13 to 19.
- Regulatory assets under management went from $3,564,654,873 to $3,054,881,330 (-14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Z Capital Group, L.L.C. (CRD 159511): Form ADV filing data as of October 2026.