Advantage Capital Investment Adviser, Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 171365
· SEC file 801-80355
· New Orleans, LA
· medium.com
☆ Save with Pro
ADV data as of May 14, 2026
- Regulatory AUM
- $1.3B
- Discretionary
- $1.3B
- Clients
- 16
- Avg AUM / client
- $80.9M
- Accounts
- 16
- Employees
- 230
AUM over time
$156M
$1.3B
Sep 11, 2014
May 14, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of May 14, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 16 | $1.3B | 100.0% |
Private funds (10)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $257M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Advantage Capital Agribusiness Partners, L.P. | Private Equity Fund | Delaware | $96.9M | 10 |
| Advantage Capital Solar Partners Vii, Llc | Private Equity Fund | Delaware | $57.1M | 1 |
| Advantage Capital Solar Partners Vi, Llc | Private Equity Fund | Delaware | $31.2M | 1 |
| Advantage Capital Solar Partners Iii, Llc | Private Equity Fund | Delaware | $20.3M | 6 |
| Advantage Capital Solar Partners Iv, Llc | Private Equity Fund | Delaware | $19.5M | 3 |
| Empower The Change Fund, Lp | Private Equity Fund | Delaware | $16.0M | 14 |
| Advantage Capital Solar Partners V, Llc | Private Equity Fund | Delaware | $11.2M | 1 |
| Advantage Capital Solar Partners Ii, Llc | Private Equity Fund | Delaware | $2.7M | 3 |
| Advantage Capital Solar Partners I, Llc | Private Equity Fund | Delaware | $1.7M | 3 |
| Advantage Capital Solar Partners Viii, Llc | Private Equity Fund | Delaware | $0 | 1 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Cement Masons Local Union No. 111 Pension Fund Cement Masons Local Union No 111 | 2024 |
People (17)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Stull, Steven, Theodore | President, Chief Executive Officer, Board Member And Control Through Voting Trust Of Advantage Capital Management Corporation | Jan 1994 (33y) | Less than 5% | |
| Doyle, Maurice, Edward | Board Member Of Advantage Capital Management Corporation | Dec 2009 (17y) | Less than 5% | |
| Johnson, Michael, Thomas | Vice President, Chief Legal Officer, Chief Compliance Officer And Board Member Of Advantage Capital Management Corporation | Dec 2009 (17y) | Less than 5% | |
| Wagner, Daniel, Frederick | Trustee | Dec 2009 (17y) | GP / trustee / elected manager of Advantage Capital Employee Stock Ownership Plan And Trust (indirect) | |
| Murphy, Matthew, Scott | Vice President And Board Member Of Advantage Capital Management Corporation | May 2013 (13y) | Less than 5% | |
| Degenhart, Jeremy, Robert | Manager And Member Of Advantage Capital Solar Holdings, Llc | Oct 2017 (9y) | 5% – 10% | |
| Goldstein, Jonathan, I. | Member Of Advantage Capital Solar Holdings, Llc | Oct 2017 (9y) | 5% – 10% | |
| Weatherley White, Carl, Christopher | Manager, Member And Direct Owner Of 100% Of Advantage Capital Solar Tax Equity Investor, Llc | Oct 2019 (7y) | 75% or more | |
| Bitting, Thomas | Manager And Member Of Advantage Capital Solar Holdings Iv, Llc | May 2021 (5y) | 5% – 10% | |
| Franchesca, Boudreaux, Lorio | Chief Financial Officer Of Advantage Capital Management Corporation | Jan 2023 (4y) | Less than 5% | |
| Louis, Theodore, Dubuque | Member Of Advantage Capital Solar Holdings 2023, Llc | Apr 2023 (3y) | 5% – 10% | |
| Damon Laird Rawie | Registered representative | Oct 2014 (12y) | ||
| Arjun Krishna Mohan | Registered representative | Jul 2020 (6y) | ||
| Colin Lee Nickells | Registered representative | Aug 2023 (3y) | ||
| Jonathan Eliot Kofos | Registered representative | Nov 2023 (3y) | ||
| Joshua Heo Mitchell | Registered representative | Apr 2024 (2y) | ||
| Nicholas Edward Mc Connell | Registered representative | Nov 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Advantage Capital Employee Stock Ownership Plan And Trust | Direct Owner Of 100% Of The Outstanding Stock Of Advantage Capital Management Corporation | Dec 2009 | A | 75% or more |
| Advantage Capital Management Corporation | Direct Owner Of 100% Of The Ownership Interest Of Advantage Capital Agribusiness Manager, L.L.C. (Relying Adviser) | Aug 2014 | A | 75% or more |
| Advantage Capital Solar Holdings, Llc | Member Of Advantage Capital Solar Partners I, Llc | Oct 2017 | A | Less than 5% |
| Advantage Capital Solar Holdings Iii, Llc | Member Of Advantage Capital Solar Partners Iii, Llc | Mar 2020 | A | Less than 5% |
| Advantage Capital Solar Tax Equity Investor, Llc | Member Of Advantage Capital Solar Partners Iii, Llc | Oct 2019 | A | Less than 5% |
| Advantage Capital Solar Holdings 2022, Llc | Member Of Advantage Capital Solar Partners Vi, Llc | Sep 2022 | A | Less than 5% |
| Advantage Capital Solar Holdings Iv, Llc | Member Of Advantage Capital Solar Partners Iv, Llc | Apr 2021 | A | Less than 5% |
| Advantage Capital Etcf Gp, Llc | General Partner Of Empower The Change Fund, Lp | Oct 2021 | A | Less than 5% |
| Etcf Management Llc | Manager Of Empower The Change Fund, Lp | Oct 2021 | A | Less than 5% |
| Advantage Capital Solar Holdings 2023, Llc | Member Of Advantage Capital Solar Partners Viii, Llc | Apr 2023 | A | Less than 5% |
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 (10, $257M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Advantage Capital Agribusiness Partners, L.P. | Private Equity Fund | $96.9M | $5.0M | 10 |
| Advantage Capital Solar Partners Vii, Llc | Private Equity Fund | $57.1M | $0 | 1 |
| Advantage Capital Solar Partners Vi, Llc | Private Equity Fund | $31.2M | $0 | 1 |
| Advantage Capital Solar Partners Iii, Llc | Private Equity Fund | $20.3M | $0 | 6 |
| Advantage Capital Solar Partners Iv, Llc | Private Equity Fund | $19.5M | $0 | 3 |
| Empower The Change Fund, Lp | Private Equity Fund | $16.0M | $0 | 14 |
| Advantage Capital Solar Partners V, Llc | Private Equity Fund | $11.2M | $0 | 1 |
| Advantage Capital Solar Partners Ii, Llc | Private Equity Fund | $2.7M | $0 | 3 |
| Advantage Capital Solar Partners I, Llc | Private Equity Fund | $1.7M | $0 | 3 |
| Advantage Capital Solar Partners Viii, Llc | Private Equity Fund | $0 | $0 | 1 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Cement Masons Local Union No. 111 Pension Fund | Cement Masons Local Union No 111 | 102 | $11.2M | 09/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/14/2026 | 5.05 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
- • Performance-based fees
- • Other fees
- • PERCENTAGE OF CAPITAL CONTRIBUTED
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- BNY Mellon $1.7M (1% of AUM) May 2021
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: May 14, 2026.
View current Form ADV (SEC/IAPD) ↗