Private fund adviser · Scottsdale, AZ
Balbec Capital Management LP
SEC-registered investment adviser · CRD 284363 · SEC 801-108741
At a glance
Balbec Capital Management LP is an SEC-registered investment adviser based in Scottsdale, Arizona, with $8.0 billion in regulatory assets under management as of its Form ADV filed April 27, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 708th of 4,686 private fund advisers and 1,570th of 17,210 SEC-registered advisers by assets.
Main office 602-802-8300balbec.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $8.0B
- Rank among private fund advisers
- #708 of 4,686
- Rank among all SEC RIAs
- #1,570 of 17,210
- Rank in Arizona
- #7 of 212
- Clients
- 22
- Accounts
- 23
- Discretionary
- 92% of AUM
- Employees
- 150
- Advisory staff
- 40
- Offices
- 5
Owners and executives on its Form ADV
- Warren J. SpectorChairman
- Charles J. RusbasanExecutive Chairman
- Jeff C. PaddenChief Legal Officer
- Philip J. DanielsChief Investment Officer
- Brett S. NiehausChief Compliance Officer
- Christina L HoughtonChief Finanacial Officer
- Peter J. TroisiChief Executive Officer
Custody and brokerage
Custodian
Balbec Capital Management LP’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 | 22 | $7.4B | 92% |
| Insurance companies | – | $613M | 8% |
Private funds
Balbec Capital Management LP reports 14 private funds with $7.3B in gross assets: real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Balbec Capital Management LP 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
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗balbec.com ↗
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The full record on Balbec Capital Management LP
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, 9 years of filings
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- Growth over one, three and five years
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- Rank against 1,098 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
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Balbec Capital Management LP manage?
Balbec Capital Management LP reports $8.0 billion in regulatory assets under management across 23 accounts, 92% of it on a discretionary basis, on its Form ADV filed April 27, 2026.
What kind of firm is Balbec Capital Management LP?
Balbec Capital Management LP is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Balbec Capital Management LP’s clients?
By assets, its largest client types are pooled investment vehicles ($7.4 billion, 22 clients); insurance companies ($613 million).
Does Balbec Capital Management LP manage private funds?
Yes. It reports 14 private funds with $7.3 billion in gross assets, including real estate funds.
Does Balbec Capital Management LP have any disciplinary history?
Balbec Capital Management LP 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 Balbec Capital Management LP’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 (2026-04-27), 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 →