Phase 3 Capital Management Llc
- Regulatory AUM
- $2.5B
- Discretionary
- $2.5B
- Clients
- 6
- Avg AUM / client
- $423M
- Accounts
- 6
- Employees
- 9
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 6 | $2.5B | 100.0% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $120M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Phase3 Global Rates Fund Llc | Hedge Fund | Delaware | $101M | 3 |
| Phase3 Master Fund Llc master | Hedge Fund | Delaware | $19.0M | 31 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Alwan, Karim, Said | Portfolio Manager, And Founding Principal | Mar 2018 (8y) | Less than 5% | |
| Hoover, Shane, Bradley | Portfolio Manager And Founding Principal | Mar 2018 (8y) | Less than 5% | |
| Youderian, Ethan, Scott | Founder, Chief Investment Officer, And Chief Executive Officer | Mar 2018 (8y) | ≈ 37.5% – 75% via Phase 3 Holdings Lp |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Phase 3 Holdings Lp | Sole Shareholder | Mar 2018 | A | 75% or more |
| White, Eric Matthew | Chief Financial Officer / Chief Compliance Officer | Jun 2019 | A | Less than 5% |
| Phase 3 Gp Llc | General Partner | Apr 2018 | B | GP / trustee / elected manager of Phase 3 Holdings Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Youderian, Ethan, Scott: 50% – 75% of Phase 3 Holdings Lp × 75% – 100% direct ≈ 37.5% – 75% of the firm
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 (2, $120M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Phase3 Global Rates Fund Llc | Hedge Fund | $101M | $1.0M | 3 |
| Phase3 Master Fund Llc | Hedge Fund | $19.0M | $1.0M | 31 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.32 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
- • Other fees
- • OPERATING EXPENSE PASS THROUGH
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗