Private fund adviser · New Orleans, LA
Advantage Capital
Advantage Capital Investment Adviser, LLC · SEC-registered investment adviser · CRD 171365 · SEC 801-80355
At a glance
Advantage Capital is an SEC-registered investment adviser based in New Orleans, Louisiana, with $1.3 billion in regulatory assets under management as of its Form ADV filed May 14, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 2,061st of 4,686 private fund advisers and 4,653rd of 17,210 SEC-registered advisers by assets.
Main office 504-522-4850advantagecap.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among private fund advisers
- #2,061 of 4,686
- Rank among all SEC RIAs
- #4,653 of 17,210
- Rank in Louisiana
- #13 of 82
- Clients
- 16
- Accounts
- 16
- Discretionary
- 100% of AUM
- Employees
- 230
- Advisory staff
- 130
- Offices
- 7
Owners and executives on its Form ADV
- Steven T. StullPresident, Chief Executive Officer and Board Member of Advantage Capital Management Corporation
- Matthew S. MurphyVice President and Board Member of Advantage Capital Management Corporation
- Michael T. JohnsonVice President, Chief Legal Officer, Chief Compliance Officer and Board Member of Advantage Capital Management Corporation
- Steven T. StullManager and Member of Advantage Capital Solar Holdings III, LLC
- Steven T. StullManager and Member of Advantage Capital Solar Holdings IV, LLC
- Michael T. JohnsonManager and Member of Advantage Capital Solar Holdings IV, LLC
- Matthew S. MurphyManager and Member of Advantage Capital Solar Holdings IV, LLC
- Steven T. StullManager and Member of Advantage Capital Solar Holdings 2022, LLC
- Matthew S. MurphyManager and Member of Advantage Capital Solar Holdings 2022, LLC
- Michael T. JohnsonManager and Member of Advantage Capital Solar Holdings 2022, LLC
- Thomas BittingManager and Member of Advantage Capital Solar Holdings IV, LLC
- Steven T. StullManager and Member of Advantage Capital Solar Holdings 2023, LLC
Custody and brokerage
Custodian
Advantage Capital’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 16 | $1.3B | 100% |
Private funds
Advantage Capital reports 16 private funds with $649M in gross assets: private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Advantage Capital reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗advantagecap.com ↗
AtlasMembers
The full record on Advantage Capital
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
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,068 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 26 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 5Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Advantage Capital manage?
Advantage Capital reports $1.3 billion in regulatory assets under management across 16 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 14, 2026.
What kind of firm is Advantage Capital?
Advantage Capital 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.
Who are Advantage Capital’s clients?
By assets, its largest client types are pooled investment vehicles ($1.3 billion, 16 clients).
Does Advantage Capital manage private funds?
Yes. It reports 16 private funds with $649 million in gross assets, including private equity funds, other private funds.
Does Advantage Capital have any disciplinary history?
Advantage Capital 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 Advantage Capital’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 (2026-05-14), 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 →