Develop Capital Partners reports 1 client. They include 1 other client. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $940M across 1 account is not. Of its clients, 100% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Other | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Other | Fewer than 5 | $940M | 100.0% | $940M |
| Total | 1 | $940M | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $940M
- AUM share
- 100.0%
- Avg. per client
- $940M
Total
- Clients
- 1
- Regulatory AUM
- $940M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 100%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Develop Capital Partners is paid through fixed fees (other than subscription fees) and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Thomas Mucha owns 75% or more of Develop Capital Partners. The leadership team of Develop Capital Partners includes Chief Compliance Officer Thomas Mucha. It has 4 employees.
Staff
- 4 employees
- 4 in advisory functions
- Owns 75% or more of Develop Capital Partners, LP.
Thomas Mucha
Control person · since July 2024
- Owns 25% to 50% of Develop Capital Partners, LP.
John Conway
Control person · since July 2024
Besides its headquarters, Develop Capital Partners has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 110 Office Park Way, PittsfordHQ
Contact and registration details
- Legal name
- Develop Capital Partners, LP.
- Headquarters
- 110 Office Park Way, Pittsford, NY 14534
- Website
- develop-capital.com
- Phone
- 585-895-2287
- SEC file
- 801-135331
- Structure
- Delaware limited partnership
- Fiscal year end
- December
Develop Capital Partners’ named custodian for separately managed accounts is Northern Trust ($940M). Develop Capital Partners does not have custody of client assets.
- Northern TrustNorthern Trust Corporation · Chicago, IL · $940M100%
At year end, Develop Capital Partners’ separately managed accounts were mostly in funds (100%).
What the accounts hold
- Funds100%
How many clients does Develop Capital Partners have?
Develop Capital Partners has 1 client and manages $940 million for them, as of January 2026. They include 1 other client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 January 2026
Which custodians does Develop Capital Partners use?
Develop Capital Partners’ separately managed account assets are held at Northern Trust Corporation (Chicago, IL), with $940M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 January 2026
How many financial advisors does Develop Capital Partners have?
Develop Capital Partners has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 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
What does Develop Capital Partners invest in?
At the end of its last fiscal year, Develop Capital Partners’ separately managed accounts held 100% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Develop Capital Partners?
Develop Capital Partners’ direct owners are Thomas Mucha (75% or more) and John Conway (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 28 January 2026
How does Develop Capital Partners get paid?
Develop Capital Partners is paid through fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Develop Capital Partners?
Develop Capital Partners’ main office is at 110 Office Park Way, Pittsford, NY 14534. Its phone number is 585-895-2287. Its website is develop-capital.com.