{"url":"https://nivawealth.com/firms/develop-capital-partners-338965","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/338965","regulatoryAum":940000000,"crd":"338965","secFileNumber":"801-135331","legalName":"Develop Capital Partners, LP.","displayName":"Develop Capital Partners","slug":"develop-capital-partners-338965","website":"https://develop-capital.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"110 Office Park Way","city":"Pittsford","state":"NY","stateName":"New York","country":"United States","postalCode":"14534"},"tradeNames":[],"registration":{"secApproved":"13 February 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":4,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":940000000,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":940000000,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":100,"nonAumClients":0},"clientTypes":[{"label":"Other","clients":1,"fewerThan5":true,"regulatoryAum":940000000}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Northern Trust Corporation","shortName":"Northern Trust","location":"Chicago, IL","smaAssets":940000000}],"custodyNote":"Develop Capital Partners does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Thomas Mucha","title":"Managing Partner; Chief Compliance Officer","crd":"8193697"},{"name":"John Conway","title":"Limited Partner","crd":"5569428"}],"ownership":[{"label":"Thomas Mucha","detail":"Managing partner; chief compliance officer in the 75% or more ownership band and a control person, since July 2024. Also a managing partner; chief compliance officer of Develop Capital Partners, LLC in the 75% or more band and a control person, since May 2024."},{"label":"John Conway","detail":"Limited partner in the 25% to 50% ownership band and a control person, since July 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"110 Office Park Way","city":"Pittsford","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"585-895-2287","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Other"],"financialPlanningClients":"0","assetMix":[{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"28 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/338965/PDF/338965.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Develop Capital Partners have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Develop Capital Partners use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Develop Capital Partners have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Develop Capital Partners invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Develop Capital Partners?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Develop Capital Partners get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Develop Capital Partners?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 28 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva 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."}