Private fund adviser · Chicago, IL
50 South Capital Advisors, LLC
SEC-registered investment adviser · CRD 174762 · SEC 801-81046
At a glance
50 South Capital Advisors, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $16.1 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 433rd of 4,686 private fund advisers and 1,004th of 17,210 SEC-registered advisers by assets.
Main office 312-557-199850southcapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $16B
- Rank among private fund advisers
- #433 of 4,686
- Rank among all SEC RIAs
- #1,004 of 17,210
- Rank in Illinois
- #56 of 684
- Clients
- 139
- Accounts
- 139
- Discretionary
- 100% of AUM
- Employees
- 68
- Advisory staff
- 43
- Offices
- 5
Owners and executives on its Form ADV
- Robert P. MorganChief Executive Officer/elected Manager
- Jeffrey R. ButhChief Financial Officer/elected Manager
- Joseph W. McInerneyElected Manager
- Justin R. RedekerGeneral Counsel
- Archana KumarElected Manager
- Antonio MuinosChief Compliance Officer
- Christian G. RothElected Manager
Custody and brokerage
Custodian
50 South Capital Advisors, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
50 South Capital Advisors, LLC is a hybrid RIA: 8 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Northern Trust Securities, Inc..
Its Form ADV brochure (filed March 2026) names Northern Trust Securities LLP as the broker-dealer its advisers are registered with.
Certain 50 South employees are registered representatives of its affiliated broker-dealer, Northern Trust Securities, Inc.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 126 | $15B | 92% |
| Pension and profit sharing plans | 5 | $411M | 3% |
| Investment companies | 1 | $298M | 2% |
| State or municipal government entities | 2 | $294M | 2% |
| Sovereign wealth funds and foreign official institutions | 2 | $103M | <1% |
| Charitable organizations | 2 | $87M | <1% |
| Corporations or other businesses | 1 | $72M | <1% |
Private funds
50 South Capital Advisors, LLC reports 126 private funds with $27B in gross assets: hedge funds, private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
50 South Capital Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗50southcapital.com ↗
AtlasMembers
The full record on 50 South Capital Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 772 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does 50 South Capital Advisors, LLC manage?
50 South Capital Advisors, LLC reports $16.1 billion in regulatory assets under management across 139 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is 50 South Capital Advisors, LLC?
50 South Capital Advisors, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are 50 South Capital Advisors, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($14.8 billion, 126 clients); pension and profit sharing plans ($411 million, 5 clients); investment companies ($298 million, 1 clients).
Does 50 South Capital Advisors, LLC manage private funds?
Yes. It reports 126 private funds with $26.7 billion in gross assets, including hedge funds, private equity funds.
Does 50 South Capital Advisors, LLC have any disciplinary history?
50 South Capital Advisors, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is 50 South Capital Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →