{"url":"https://nivawealth.com/firms/capstone-investment-advisors-155563","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/155563","regulatoryAum":91526537087,"crd":"155563","secFileNumber":"801-73004","legalName":"Capstone Investment Advisors, LLC","displayName":"Capstone Investment Advisors","website":null,"linkedinUrl":"https://www.linkedin.com/company/capstone-investment-advisors","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"7 World Trade Center, 250 Greenwich Street 32nd FL","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10007"},"tradeNames":[],"registration":{"secApproved":"23 January 2012","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":304,"advisory":115,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":91526537087,"discretionaryAccounts":31,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":68,"nonAumClients":0},"clientTypes":[{"label":"Banking or thrift institutions","clients":2,"regulatoryAum":139957890},{"label":"Pooled investment vehicles","clients":29,"regulatoryAum":91386579197}],"fees":[],"feeNotes":[],"custodians":[{"name":"Morgan Stanley & Co. 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Also a managing member of Ngi Strategic Holdings GP LLC in the 75% or more band and a control person, since February 2021.","parent":"Ngi Strategic Holdings (a) LP"},{"label":"Ngi Strategic Holdings I, Inc.","detail":"Indirect owner: a shareholder of Ngi Strategic Holdings II, Inc. in the 75% or more band and a control person, since February 2021.","parent":"Ngi Strategic Holdings II, Inc."},{"label":"Navigator Global Investments Limited","detail":"Indirect owner: a shareholder of Ngi Strategic Holdings I, Inc. in the 75% or more band and a control person, since February 2021. Also a shareholder of Ngi Strategic Investments I, Inc. in the 75% or more band and a control person, since February 2021.","parent":"Ngi Strategic Holdings I, Inc."},{"label":"Paul Britton","detail":"Indirect owner: a managing member of Cia Associates Ny LLC in the 75% or more band and a control person, since December 2021.","parent":"Cia Associates Ny LLC"},{"label":"Ngi Strategic Investments II, Inc.","detail":"Indirect owner: a limited partner of Ngi Strategic Holdings (a) LP in the 25% to 50% band and a control person, since February 2021.","parent":"Ngi Strategic Holdings (a) LP"},{"label":"Ngi Strategic Investments I, Inc.","detail":"Indirect owner: a shareholder of Ngi Strategic Investments II, Inc. in the 75% or more band and a control person, since February 2021.","parent":"Ngi Strategic Investments II, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":7,"privateResidences":0},"listedOfficeAddresses":8,"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"1901 Avenue of the Stars","city":"Los Angeles"},{"street":"1160 Battery Street East","city":"San Francisco"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"1 Station Place","city":"Stamford"}]},{"state":"Maryland","offices":1,"addresses":[{"street":"100 W Main Street","city":"Middletown"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"39-45 Newbury Street","city":"Boston"}]},{"state":"New York","offices":2,"addresses":[{"street":"7 World Trade Center, 250 Greenwich Street 32nd FL","city":"New York","headquarters":true},{"street":"27 West 20th Street","city":"New York"}]},{"state":"Texas","offices":1,"addresses":[{"street":"2800 Post Oak BLVD.","city":"Houston"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-232-1420","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Derivatives","percent":20},{"label":"Cash and cash equivalents","percent":80}],"privateFunds":16},"sources":{"adv1FilingDate":"5 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/155563/PDF/155563.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Capstone Investment Advisors have?","answer":"Capstone Investment Advisors has 31 clients and manages $91.5 billion for them, as of August 2026. They include 29 pooled investment vehicles and 2 banking or thrift institutions.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Capstone Investment Advisors offer?","answer":"Capstone Investment Advisors provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Capstone Investment Advisors use?","answer":"Capstone Investment Advisors’ separately managed account assets are held at Morgan Stanley & Co. International PLC (London), with $128,550,601, The Bank of New York Mellon (New York, NY), with $118,990,773 and Goldman Sachs & Co. LLC (New York, NY), with $57,405,091. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Capstone Investment Advisors have?","answer":"Capstone Investment Advisors has 0 investment adviser representatives registered with state securities authorities, out of 304 employees, and 115 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Capstone Investment Advisors invest in?","answer":"At the end of its last fiscal year, Capstone Investment Advisors’ separately managed accounts held 80% cash and equivalents and 20% derivatives. It advises 16 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Capstone Investment Advisors?","answer":"Capstone Investment Advisors is owned through a chain of holding companies by Navigator Global Investments Limited, Paul Britton and Ngi Strategic Investments I, Inc. Its direct owners are Ngi Strategic Holdings (a) LP (10% to 25%) and Cia Associates Ny LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 5 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capstone Investment Advisors get paid?","answer":"Capstone Investment Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}