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Private fund adviser · SAN Francisco, CA

Human Capital

Human Capital Investment Management LLC · SEC-registered investment adviser · CRD 296844 · SEC 801-119165

At a glance

Human Capital is an SEC-registered investment adviser based in SAN Francisco, California, with $4.4 billion in regulatory assets under management as of its Form ADV filed August 13, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 1,084th of 4,686 private fund advisers and 2,295th of 17,210 SEC-registered advisers by assets.

Main office 415-295-2379human.capitalLinkedInAs filed on Form ADV

Regulatory AUM
$4.4B
Rank among private fund advisers
#1,084 of 4,686
Rank among all SEC RIAs
#2,295 of 17,210
Rank in California
#242 of 1,873
Clients
52
Accounts
52
Discretionary
100% of AUM
Employees
39
Advisory staff
15
Offices
2

Owners and executives on its Form ADV

Custody and brokerage

Custodian

Human 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.

Broker-dealer

No broker-dealer ties

Other RIAs with no broker-dealer ties

Who it serves

Client typeClientsRegulatory AUMShare
Pooled investment vehicles52$4.4B100%

Private funds

Human Capital reports 40 private funds with $4.2B in gross assets: venture capital funds (Form ADV Item 7.B).

Disciplinary disclosures

Human 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

  • A percentage of assets under management
  • Performance-based fees

Form ADV and brochures on the SEC’s adviser search ↗human.capital ↗

AtlasMembers

The full record on Human 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, 5 years of filings
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Growth over one, three and five years
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Rank against 1,433 peers of its type and size
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Owners and executives, with titles and stakes
6 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 Human Capital manage?

Human Capital reports $4.4 billion in regulatory assets under management across 52 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 13, 2026.

What kind of firm is Human Capital?

Human Capital is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.

Who are Human Capital’s clients?

By assets, its largest client types are pooled investment vehicles ($4.4 billion, 52 clients).

Does Human Capital manage private funds?

Yes. It reports 40 private funds with $4.2 billion in gross assets, including venture capital funds.

Does Human Capital have any disciplinary history?

Human 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 Human 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 (2026-08-13), 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 →