Private fund adviser · New York, NY
Icapital Advisors, LLC
SEC-registered investment adviser · CRD 177513 · SEC 801-106690
At a glance
Icapital Advisors, LLC is an SEC-registered investment adviser based in New York, New York, with $149.9 billion in regulatory assets under management as of its Form ADV filed September 30, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 53rd of 4,686 private fund advisers and 185th of 17,210 SEC-registered advisers by assets.
Main office 212-994-7400icapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $150B
- Rank among private fund advisers
- #53 of 4,686
- Rank among all SEC RIAs
- #185 of 17,210
- Rank in New York
- #40 of 2,591
- Clients
- 1,314
- Accounts
- 1,314
- Discretionary
- 100% of AUM
- Employees
- 552
- Advisory staff
- 46
- Offices
- 3
Owners and executives on its Form ADV
- Stephen C. JacobsGeneral Counsel
- Christopher W. ThomeChief Compliance Officer
- Brett E. ScholnickChief Financial Officer
- Jeff E. McgoeyChief Executive Officer
Custody and brokerage
Custodian
Icapital 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
Icapital Advisors, LLC is a hybrid RIA: 96 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Icapital Hong Kong LTD., Icapital Markets LLC, Icapital Network Canada LTD., Icapital SG PTE LTD., Icapital UK Services Limited and Institutional CN (europe) - Empresa De Investimento, S. A.
- Icapital Hong Kong LTD.
- Icapital Markets LLC ↗CRD 118219
- Icapital Network Canada LTD.
- Icapital SG PTE LTD.
- Icapital UK Services Limited
- Institutional CN (europe) - Empresa De Investimento, S. A
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 1,314 | $150B | 100% |
Private funds
Icapital Advisors, LLC reports 1,144 private funds with $150B in gross assets: hedge funds, private equity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Icapital 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 pooled investment vehicles
- Other services
How it’s paid
- A percentage of assets under management
- Subscription fees
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗icapital.com ↗
AtlasMembers
The full record on Icapital 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 149 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 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 Icapital Advisors, LLC manage?
Icapital Advisors, LLC reports $149.9 billion in regulatory assets under management across 1,314 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 30, 2026.
What kind of firm is Icapital Advisors, LLC?
Icapital Advisors, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Icapital Advisors, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($149.9 billion, 1,314 clients).
Does Icapital Advisors, LLC manage private funds?
Yes. It reports 1,144 private funds with $149.9 billion in gross assets, including hedge funds, private equity funds, other private funds.
Does Icapital Advisors, LLC have any disciplinary history?
Icapital 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 Icapital 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 (2026-09-30), 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 →