Karlov Street Capital, Llc
SEC-registered
Private Fund Manager · Small ($100M–$1B)
CRD 288910
· SEC file 801-128419
· Boca Raton, FL
· karlovstreet.com
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ADV data as of Mar 25, 2026
- Regulatory AUM
- $251M
- Discretionary
- $251M
- Clients
- 30
- Avg AUM / client
- $8.4M
- Accounts
- 30
- Employees
- 4
AUM over time
$188M
$257M
Jun 27, 2023
Mar 25, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 25, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 30 | $251M | 100.0% |
Private funds (27)
View all →Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $257M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Karlov Street Global Re 1, Llc | Other Private Fund | Delaware | $36.0M | 93 |
| Karlov Street Health Care Investment 2, Llc | Other Private Fund | Delaware | $30.0M | 62 |
| Karlov Street Diversified 2, Llc | Other Private Fund | Delaware | $21.7M | 99 |
| Karlov Street Kabdc, Llc | Other Private Fund | Delaware | $21.0M | 86 |
| Karlov Street Quartz, Llc | Other Private Fund | Delaware | $20.0M | 168 |
| Ksc Healthcare 5, Llc | Other Private Fund | Delaware | $20.0M | 72 |
| Karlov Street Core Fund Ii, Llc | Other Private Fund | Delaware | $18.4M | 86 |
| Karlov Street Debt Fund 3, Llc | Other Private Fund | Delaware | $13.8M | 77 |
| Karlov Street Level 6 Qp, Llc | Other Private Fund | Delaware | $13.0M | 38 |
| Karlov Street Terravet, Llc | Other Private Fund | Delaware | $10.8M | 95 |
| Karlov Street Level 6, Llc | Other Private Fund | Delaware | $9.2M | 43 |
| Karlov Street Three Bears, Llc | Other Private Fund | Delaware | $7.4M | 68 |
| Karlov Street Kabdc2, Llc | Other Private Fund | Delaware | $5.6M | 19 |
| Karlov Street Superfeet, Llc | Other Private Fund | Delaware | $4.8M | 80 |
| Karlov Street Level Investor Opportunity 5, Llc | Other Private Fund | Delaware | $4.5M | 43 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Shapiro, Jacob, Louis | Trustee | Nov 2011 (15y) | ≈ 3.52% – 25% via Jls Newpath Trust | |
| Shapiro, Jordan, David | Trustee | Nov 2011 (15y) | ≈ 3.52% – 25% via Jds Newpath Trust | |
| Shapiro, Keith, Jay | Manager | Nov 2011 (15y) | Less than 5% | |
| Shapiro, Marci, Lynn | Trustee | Nov 2011 (15y) | ≈ 3.52% – 25% via Jls Newpath Trust | |
| Shapiro, Michael, Isaac | Trustee | Nov 2011 (15y) | ≈ 3.52% – 25% via Mis Newpath Trust |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Karlov Street Partners, Llc | Owner And Manager | May 2023 | A | 75% or more |
| Newpath Llc | Member | May 2023 | B | ≈ 56.25% – 100% via Karlov Street Partners, Llc |
| Jls Newpath Trust | Member | Nov 2011 | B | ≈ 14.06% – 50% via Newpath Llc |
| Mis Newpath Trust | Member | Nov 2011 | B | ≈ 14.06% – 50% via Newpath Llc |
| Jds Newpath Trust | Member | Nov 2011 | B | ≈ 14.06% – 50% via Newpath Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Shapiro, Jacob, Louis: 25% – 50% of Jls Newpath Trust × 25% – 50% of Newpath Llc × 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Shapiro, Jordan, David: 25% – 50% of Jds Newpath Trust × 25% – 50% of Newpath Llc × 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Shapiro, Marci, Lynn: 25% – 50% of Jls Newpath Trust × 25% – 50% of Newpath Llc × 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Shapiro, Michael, Isaac: 25% – 50% of Mis Newpath Trust × 25% – 50% of Newpath Llc × 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Newpath Llc: 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Jls Newpath Trust: 25% – 50% of Newpath Llc × 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Mis Newpath Trust: 25% – 50% of Newpath Llc × 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Jds Newpath Trust: 25% – 50% of Newpath Llc × 75% – 100% of Karlov Street Partners, Llc × 75% – 100% direct ≈ 14.06% – 50% 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 (27, $257M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Karlov Street Global Re 1, Llc | Other Private Fund | $36.0M | $5.0K | 93 |
| Karlov Street Health Care Investment 2, Llc | Other Private Fund | $30.0M | $500K | 62 |
| Karlov Street Diversified 2, Llc | Other Private Fund | $21.7M | $25.0K | 99 |
| Karlov Street Kabdc, Llc | Other Private Fund | $21.0M | $15.0K | 86 |
| Karlov Street Quartz, Llc | Other Private Fund | $20.0M | $100K | 168 |
| Ksc Healthcare 5, Llc | Other Private Fund | $20.0M | $100K | 72 |
| Karlov Street Core Fund Ii, Llc | Other Private Fund | $18.4M | $25.0K | 86 |
| Karlov Street Debt Fund 3, Llc | Other Private Fund | $13.8M | $100K | 77 |
| Karlov Street Level 6 Qp, Llc | Other Private Fund | $13.0M | $100K | 38 |
| Karlov Street Terravet, Llc | Other Private Fund | $10.8M | $25.0K | 95 |
| Karlov Street Level 6, Llc | Other Private Fund | $9.2M | $100K | 43 |
| Karlov Street Three Bears, Llc | Other Private Fund | $7.4M | $15.0K | 68 |
| Karlov Street Kabdc2, Llc | Other Private Fund | $5.6M | $50.0K | 19 |
| Karlov Street Superfeet, Llc | Other Private Fund | $4.8M | $10.0K | 80 |
| Karlov Street Level Investor Opportunity 5, Llc | Other Private Fund | $4.5M | $100K | 43 |
| Karlov Street Wmc, Llc | Other Private Fund | $3.7M | $75.0K | 20 |
| Karlov Street Core Fund, Llc | Other Private Fund | $3.0M | $100K | 20 |
| Karlov Street Health Care Investment 1, Llc | Other Private Fund | $2.7M | $500K | 17 |
| Karlov Street Locusview, Llc | Other Private Fund | $2.5M | $15.0K | 40 |
| Karlov Street Diversified Fund I, Llc | Other Private Fund | $2.4M | $25.0K | 42 |
| Karlov Street Ventures I, Llc | Other Private Fund | $2.4M | $12.5K | 23 |
| Karlov Street Techsee, Llc | Other Private Fund | $2.3M | $25.0K | 39 |
| Karlov Street Level Investor Opportunity 2, Llc | Other Private Fund | $1.2M | $100K | 21 |
| Karlov Street Kabdc Te, Llc | Other Private Fund | $758K | $50.0K | 7 |
| Karlov Street Level Investor Opportunity 3, Llc | Other Private Fund | $0 | $100K | 24 |
Top 25 of 27 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 6.02 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
- • ADMINISTRATION FEES, CONTRIBUTION FEES
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have 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 25, 2026.
View current Form ADV (SEC/IAPD) ↗