1543 Capital Lp
SEC-registered
Investment Adviser · Mid-sized ($1B–$10B)
CRD 305398
· SEC file 801-121091
· Greenwich, CT
· www.1543capital.com
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ADV data as of Apr 30, 2026
- Regulatory AUM
- $1.0B
- Discretionary
- $365M
- Clients
- 21
- Avg AUM / client
- $49.4M
- Accounts
- 21
- Employees
- 8
AUM over time
$193M
$1.0B
Dec 2020
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 8 | $365M | 35.1% |
| Other investment advisers | 12 | $625M | 60.2% |
| Insurance companies | 1 | $48.0M | 4.63% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $141M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| 1543 Capital Fund I Lp | Private Equity Fund | Delaware | $79.0M | 6 |
| 1543 Capital Offshore Master Fund master | Private Equity Fund | Cayman Islands | $39.6M | 4 |
| 1543 Etl Holdings Lp | Private Equity Fund | Delaware | $22.0M | 1 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Howard, Alan, Eldad | Limited Partner Of Brevan Howard (Jersey) Lp | Oct 2008 (18y) | ≈ 0.79% – 7.5% via Alta L.P. | |
| Ulmer, Andrew, Todd | Cio/Founder | Aug 2019 (7y) | ≈ 0% – 5% via 1543 Capital Holdings Llc | |
| Williams, Geoffrey, Michael | Portfolio Manager | Aug 2019 (7y) | 5% – 10% | |
| Zola, Brian, Augustus | Portfolio Manager | Aug 2019 (7y) | 5% – 10% | |
| Ng, Kei, Chung | Chief Financial Officer And Chief Compliance Officer | Aug 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| 1543 Holdings 2, Llc | Owner | Dec 2021 | A | 75% or more |
| Bhus Holdings Llc | Owner | Oct 2021 | A | 5% – 10% |
| 1543 Capital Holdings Llc | General Partner | Aug 2019 | A | Less than 5% |
| Brevan Howard Asset Management Services Ltd | Owner Of 100% Of Share Capital Of Bhus Holdings Llc | May 2018 | B | ≈ 3.75% – 10% via Bhus Holdings Llc |
| Brevan Howard Investment Holdings Ltd | Owner Of 100% Of Share Capital Of Brevan Howard Asset Management Services Ltd | May 2018 | B | ≈ 2.81% – 10% via Brevan Howard Asset Management Services Ltd |
| Brevan Howard Capital Management Lp | Owner Of 100% Of Share Capital Of Brevan Howard Investment Holdings Ltd | Sep 2012 | B | ≈ 2.11% – 10% via Brevan Howard Investment Holdings Ltd |
| Alta L.P. | Limited Partner Of Brevan Howard Capital Management Lp | Jun 2012 | B | ≈ 1.58% – 10% via Brevan Howard Capital Management Lp |
| Brevan Howard Capital Management Ltd | General Partner Of Brevan Howard Capital Management Lp | May 2010 | B | GP / trustee / elected manager of Brevan Howard Capital Management Lp (indirect) |
| Alta Gp Limited | General Partner Of Brevan Howard (Jersey) Lp | Jun 2010 | B | GP / trustee / elected manager of Alta L.P. (indirect) |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Howard, Alan, Eldad: 50% – 75% of Alta L.P. × 75% – 100% of Brevan Howard Capital Management Lp × 75% – 100% of Brevan Howard Investment Holdings Ltd × 75% – 100% of Brevan Howard Asset Management Services Ltd × 75% – 100% of Bhus Holdings Llc × 5% – 10% direct ≈ 0.79% – 7.5% of the firm
- Ulmer, Andrew, Todd: 75% – 100% of 1543 Capital Holdings Llc × 0% – 5% direct ≈ 0% – 5% of the firm
- Brevan Howard Asset Management Services Ltd: 75% – 100% of Bhus Holdings Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Brevan Howard Investment Holdings Ltd: 75% – 100% of Brevan Howard Asset Management Services Ltd × 75% – 100% of Bhus Holdings Llc × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Brevan Howard Capital Management Lp: 75% – 100% of Brevan Howard Investment Holdings Ltd × 75% – 100% of Brevan Howard Asset Management Services Ltd × 75% – 100% of Bhus Holdings Llc × 5% – 10% direct ≈ 2.11% – 10% of the firm
- Alta L.P.: 75% – 100% of Brevan Howard Capital Management Lp × 75% – 100% of Brevan Howard Investment Holdings Ltd × 75% – 100% of Brevan Howard Asset Management Services Ltd × 75% – 100% of Bhus Holdings Llc × 5% – 10% direct ≈ 1.58% – 10% 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 (3, $141M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| 1543 Capital Fund I Lp | Private Equity Fund | $79.0M | $10.0M | 6 |
| 1543 Capital Offshore Master Fund | Private Equity Fund | $39.6M | $10.0M | 4 |
| 1543 Etl Holdings Lp | Private Equity Fund | $22.0M | $0 | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/30/2026 | 2.24 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 pooled investment vehicles
- • Portfolio management for businesses/institutional clients
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: Apr 30, 2026.
View current Form ADV (SEC/IAPD) ↗