Asset manager · Chicago, IL
First Trust Capital Management L.P.
SEC-registered investment adviser · CRD 317825 · SEC 801-122924
At a glance
First Trust Capital Management L.P. is an SEC-registered investment adviser based in Chicago, Illinois, with $12.7 billion in regulatory assets under management as of its Form ADV filed August 19, 2026. Its largest client group by assets is investment companies. By Form ADV it is a asset manager, ranked 461st of 3,218 asset managers and 1,174th of 17,210 SEC-registered advisers by assets.
Main office 773-828-6700firsttrustcapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $13B
- Rank among asset managers
- #461 of 3,218
- Rank among all SEC RIAs
- #1,174 of 17,210
- Rank in Illinois
- #70 of 684
- Clients
- 40
- Accounts
- 40
- Discretionary
- 92% of AUM
- Employees
- 62
- Advisory staff
- 24
- Offices
- 2
Owners and executives on its Form ADV
- Michael D. PeckCeo/co-Cio
- Chad S. EisenbergChief Operating Officer
- Marc D BassewitzGeneral Counsel
- Yadira GuzmanCFO
- Thomas ReckleyPresident
- Jennifer Y. KennyChief Compliance Officer
- Charles L WinekPublic Funds - Chief Operating Officer
Custody and brokerage
Custodian
First Trust Capital Management L.P.’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
First Trust Capital Management L.P. is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: First Trust Portfolios L.P..
- First Trust Portfolios L.P. ↗CRD 28519
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 25 | $7.7B | 61% |
| Pooled investment vehicles | 15 | $4.9B | 39% |
Private funds
First Trust Capital Management L.P. reports 15 private funds with $4.9B in gross assets: hedge funds, private equity funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
First Trust Capital Management L.P. 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 ↗firsttrustcapital.com ↗
AtlasMembers
The full record on First Trust Capital Management L.P.
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, 3 years of filings
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- Growth over one, three and five years
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- Rank against 501 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
- Locked
- 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 First Trust Capital Management L.P. manage?
First Trust Capital Management L.P. reports $12.7 billion in regulatory assets under management across 40 accounts, 92% of it on a discretionary basis, on its Form ADV filed August 19, 2026.
What kind of firm is First Trust Capital Management L.P.?
First Trust Capital Management L.P. is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are First Trust Capital Management L.P.’s clients?
By assets, its largest client types are investment companies ($7.7 billion, 25 clients); pooled investment vehicles ($4.9 billion, 15 clients).
Does First Trust Capital Management L.P. manage private funds?
Yes. It reports 15 private funds with $4.9 billion in gross assets, including hedge funds, private equity funds, real estate funds, other private funds.
Does First Trust Capital Management L.P. have any disciplinary history?
First Trust Capital Management L.P. 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 First Trust Capital Management L.P.’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 (2026-08-19), 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 →