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KPS Capital Partners

SEC-registered adviser since 2012New York, NYCRD 157678

$19.1B
AUM
15
Clients
See fees
Fee
111
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

KPS Capital Partners is an investment adviser headquartered in New York, New York, and registered with the SEC since 2012. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees. KPS Management Feeder, LP owns 75% or more of KPS Capital Partners.

Clients

KPS Capital Partners serves 15 clients. The average client has about $1.27 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles15 clients100%
Show client breakdown
Pooled investment vehicles
Clients
15
Regulatory AUM
$19,080,662,866
Share
100.0%
Avg. per client
$1.27B

Total

Clients
15
Regulatory AUM
$19,080,662,866
Share
100%
Avg. per client
$1.27B

What it does

KPS Capital Partners provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

KPS Capital Partners advises 15 private funds.

100.0% of assets ($19.08B across 15 accounts) are managed with discretion. 80% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

KPS Capital Partners has custody of $8.84B for 15 clients.

Managed account assets by custodian
  • All other custodians$19.08B100%

Ownership and leadership

KPS Management Feeder, LP owns 75% or more of KPS Capital Partners.

Who owns the firm
KPS Capital Partners, LP· the adviser

  • KPS Management Feeder, LP

    Control person · since July 2022

    Owns 75% or more of KPS Capital Partners, LP

  • Blue Owl GP Stakes III Knight (a) Aggregator, LP

    since November 2016

    Owns 10% to 25% of KPS Capital Partners, LP

  • Blue Owl Stakes V (a), LP

    since July 2022

    Owns 5% to 10% of KPS Capital Partners, LP

Leadership

  • Bhumika Shah
    Chief Financial Officer
  • Stephen Schipani
    Chief Operating Officer
  • Bryan Assael
    Chief Compliance Officer and Associate General Counsel
  • Ryan Baker
    Partner
  • Jay Bernstein
    Partner
  • Daniel Fernandez
    General Counsel
  • Kyle Mumford
    Partner
  • Raquel Palmer
    Managing Partner
  • Michael Psaros
    Managing Partner
  • Rahul Sevani
    Partner
  • David Shapiro
    Managing Partner

Staff

  • 111 employees
  • 111 in advisory functions

Fees

KPS Capital Partners is paid through a percentage of assets under management and performance-based fees.

KPS Capital Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, KPS Capital Partners has 7 offices, with 5 listed addresses across 3 states.

Listed office addresses by state

New York · 3 listed addresses

  • One Vanderbilt Avenue, 52nd Floor, New YorkHQ
  • 140 East 45th Street, New York
  • 330 Madison Avenue, New York

Registration details

Legal name
KPS Capital Partners, LP
Headquarters
One Vanderbilt Avenue, 52nd Floor, New York, NY 10017
Phone
212-338-5100
Website
Not reported
SEC file
801-73907
Structure
Delaware limited partnership
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does KPS Capital Partners have?

KPS Capital Partners has 15 clients and manages $19.1 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does KPS Capital Partners offer?

KPS Capital Partners provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does KPS Capital Partners have?

KPS Capital Partners has 0 investment adviser representatives registered with state securities authorities, out of 111 employees, and 111 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

Who owns KPS Capital Partners?

KPS Capital Partners is owned through a chain of holding companies by Michael Psaros, David Shapiro, Blue Owl GP Stakes III Offshore Investors LP, Dyal LP Holdings LLC, Blue Owl Capital Inc. and 5 others. Its direct owners are Blue Owl GP Stakes III Knight (a) Aggregator, LP (10% to 25%), Blue Owl Stakes V (a), LP (5% to 10%) and KPS Management Feeder, LP (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does KPS Capital Partners get paid?

KPS Capital Partners is paid through a percentage of assets under management 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

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 157678.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with KPS Capital Partners, LP and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.