Mudrick Capital Management, Lp
- Regulatory AUM
- $3.3B
- Discretionary
- $3.3B
- Clients
- 49
- Avg AUM / client
- $67.0M
- Accounts
- 49
- Employees
- 35
AUM over time
Annual snapshots from Form ADV filings · as of Jun 10, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 9 | $2.2M | 0.07% |
| Pooled investment vehicles (non-investment companies) | 30 | $1.9B | 56.7% |
| Charitable organizations | 3 | $379M | 11.5% |
| State or municipal government entities | 2 | $1.0B | 31.6% |
| Corporations and other businesses | 5 | $1.1M | 0.03% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $1.8B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mudrick Distressed Opportunity Fund Global, L.P. master | Hedge Fund | Cayman Islands | $690M | 292 |
| Mudrick Distressed Opportunity Drawdown Fund Ii, Lp master | Hedge Fund | Delaware | $393M | 70 |
| Mudrick Stressed Credit Master Fund, L.P. master | Hedge Fund | Cayman Islands | $258M | 96 |
| Mudrick Cav Master, Lp master | Hedge Fund | Cayman Islands | $138M | 12 |
| Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. master | Hedge Fund | Delaware | $126M | 67 |
| Mudrick Distressed Opportunity Sif Master Fund, L.P. master | Hedge Fund | Cayman Islands | $103M | 2 |
| Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.P. master | Hedge Fund | Delaware | $45.7M | 36 |
| Mudrick Distressed Opportunity Drawdown Fund, L.P. master | Hedge Fund | Delaware | $33.4M | 20 |
| Mudrick Distressed Opportunity Drawdown Fund Iii, Lp | Hedge Fund | Delaware | $23.2M | 3 |
| Mudrick Opportunity Co Investment Fund, Lp | Hedge Fund | Cayman Islands | $9.3M | 2 |
| Mudrick Distressed Opportunity Specialty Fund, L.P. | Hedge Fund | Delaware | $4.9M | 3 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mudrick, Jason, Ben | Chief Investment Officer & Limited Partner | Jun 2009 (17y) | 75% or more | |
| Springer, Glenn, David | Chief Financial Officer | Jun 2009 (17y) | Less than 5% | |
| Ocallaghan, John, Alexander | General Counsel, Chief Compliance Officer & Corporate Secretary | Jul 2017 (9y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mudrick Capital Management, Llc | General Partner | Jun 2009 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (11, $1.8B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mudrick Distressed Opportunity Fund Global, L.P. | Hedge Fund | $690M | $1.0M | 292 |
| Mudrick Distressed Opportunity Drawdown Fund Ii, Lp | Hedge Fund | $393M | $5.0M | 70 |
| Mudrick Stressed Credit Master Fund, L.P. | Hedge Fund | $258M | $1.0M | 96 |
| Mudrick Cav Master, Lp | Hedge Fund | $138M | $100K | 12 |
| Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. | Hedge Fund | $126M | $5.0M | 67 |
| Mudrick Distressed Opportunity Sif Master Fund, L.P. | Hedge Fund | $103M | $1.0M | 2 |
| Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.P. | Hedge Fund | $45.7M | $5.0M | 36 |
| Mudrick Distressed Opportunity Drawdown Fund, L.P. | Hedge Fund | $33.4M | $5.0M | 20 |
| Mudrick Distressed Opportunity Drawdown Fund Iii, Lp | Hedge Fund | $23.2M | $5.0M | 3 |
| Mudrick Opportunity Co Investment Fund, Lp | Hedge Fund | $9.3M | $5.0M | 2 |
| Mudrick Distressed Opportunity Specialty Fund, L.P. | Hedge Fund | $4.9M | $1.0M | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/10/2026 | 4.37 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Goldman Sachs $846M (26% of AUM) Jun 2026
- State Street $157M (5% of AUM) Aug 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 10, 2026.
View current Form ADV (SEC/IAPD) ↗