Private fund adviser · Chicago, IL
Nine Ten Capital Management
Nine Ten Capital Management, LLC · SEC-registered investment adviser · CRD 171420 · SEC 801-79736
At a glance
Nine Ten Capital Management is an SEC-registered investment adviser based in Chicago, Illinois, with $481 million in regulatory assets under management as of its Form ADV filed September 15, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 3,089th of 4,686 private fund advisers and 8,000th of 17,210 SEC-registered advisers by assets.
Main office 847-868-0893ninetencapital.comAs filed on Form ADV
- Regulatory AUM
- $481M
- Rank among private fund advisers
- #3,089 of 4,686
- Rank among all SEC RIAs
- #8,000 of 17,210
- Rank in Illinois
- #372 of 684
- Clients
- 1
- Accounts
- 1
- Discretionary
- 100% of AUM
- Employees
- 3
- Advisory staff
- 2
- Offices
- 1
Owners and executives on its Form ADV
- Brian T. BaresMember
- Russell C. MollenPresident, Member, and Portfolio Manager
- Benjamin A. SeltzerMember, Chief Compliance Officer, Chief Operations Officer, Analyst
Custody and brokerage
Custodian
Nine Ten Capital Management’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 | 1 | $481M | 100% |
Private funds
Nine Ten Capital Management reports 1 private funds with $481M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Nine Ten Capital Management 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 ↗ninetencapital.com ↗
AtlasMembers
The full record on Nine Ten Capital Management
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 2,280 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 3 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 Nine Ten Capital Management manage?
Nine Ten Capital Management reports $481 million in regulatory assets under management across 1 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 15, 2026.
What kind of firm is Nine Ten Capital Management?
Nine Ten Capital Management is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Nine Ten Capital Management’s clients?
By assets, its largest client types are pooled investment vehicles ($481 million, 1 clients).
Does Nine Ten Capital Management manage private funds?
Yes. It reports 1 private funds with $481 million in gross assets, including hedge funds.
Does Nine Ten Capital Management have any disciplinary history?
Nine Ten Capital Management 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 Nine Ten Capital Management’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 (2026-09-15), 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 →