Investment adviser · CRD 156290

ARBITER PARTNERS

ARBITER PARTNERS CAPITAL MANAGEMENT, LLC

NEW YORK, NY, United States · Form ADV filed Apr 28, 2026

Regulatory AUM
$1.25B
Form ADV · Item 5.F
Client accounts
20
Accounts, not individual clients
Employees
12
Reported in this filing
Advisory professionals
7
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$625M$1.25BFY 2021: $958,400,000.00FY 2021FY 2022: $734,200,000.00FY 2022FY 2023: $691,900,000.00FY 2023FY 2024: $778,600,000.00FY 2024FY 2025: $1,250,700,000.00FY 2025

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal yearRegulatory AUMEmployeesFiled
2021$958,400,00012Mar 22, 2022
2022$734,200,00012Mar 22, 2023
2023$691,900,00012Mar 27, 2024
2024$778,600,00012Mar 12, 2025
2025$1,250,700,00012Feb 23, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles6$575,700,00046.0%
High-net-worth individuals11$423,700,00033.9%
CharitiesFewer than 5$151,300,00012.1%
Other investment advisersFewer than 5$100,000,0008.0%
Filing source

Form ADV 2100239 · Apr 28, 2026 · Item 5.D

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

RSM US, LLP

Auditor · funds reporting this exact name in the selected filing

These are reported-name connections within this adviser's filing, not a verified global provider identity or market-wide client count.

Private funds & service providers

6 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

ARBITER PARTNERS SPECIAL OPPORTUNITIES FUND II, LPHedge Fund$230MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator APEX FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor RSM US, LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Marketer BLUE SAND SECURITIES LLC SCOTTSDALE, Arizona, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

RSM US, LLP
PCAOB 49

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 571474TGEMMWANRLN572

BLUE SAND SECURITIES LLC
CRD 142976 · SEC 8-67514

Fund details & source
Fund ID
805-1936147137
Reported beneficial owners
88
Minimum commitment
$250K
Form D file number
021-205816

Form ADV 2100239 · Apr 28, 2026 · Schedule D 7.B.(1)

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

ARBITER PARTNERS QP, LPHedge Fund · Master$198MGross asset value

Form D fundraising filings

View filings for the issuers linked by this fund’s reported Form D file numbers.

Fund administrator APEX FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor RSM US, LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian AUERBACH GRAYSON & COMPANY LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US, LLP
PCAOB 49

AUERBACH GRAYSON & COMPANY LLC
SEC 8-45136

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 571474TGEMMWANRLN572

GOLDMAN SACHS & CO. LLC
SEC 8-129

PERSHING LLC
SEC 8-17574

Fund details & source
Fund ID
805-3639994357
Reported beneficial owners
48
Minimum commitment
$1M
Form D file number
021-148642
Form D file number
021-69572

Form ADV 2100239 · Apr 28, 2026 · Schedule D 7.B.(1)

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

APCM OPPORTUNITY FUND, LPHedge Fund$103MGross asset value
Fund administrator APEX FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor RSM US, LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Marketer BLUE SAND SECURITIES LLC SCOTTSDALE, Arizona, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

RSM US, LLP
PCAOB 49

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 571474TGEMMWANRLN572

BLUE SAND SECURITIES LLC
CRD 142976 · SEC 8-67514

Fund details & source
Fund ID
805-7870000941
Reported beneficial owners
2
Minimum commitment
$100M

Form ADV 2100239 · Apr 28, 2026 · Schedule D 7.B.(1)

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

ARBITER GLOBAL FINANCIALS FUND, L.P.Hedge Fund$61MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator APEX FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor RSM US, LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US, LLP
PCAOB 49

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 571474TGEMMWANRLN572

Fund details & source
Fund ID
805-6212608961
Reported beneficial owners
25
Minimum commitment
$1M
Form D file number
021-367160

Form ADV 2100239 · Apr 28, 2026 · Schedule D 7.B.(1)

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

AP BIO SPV, LPHedge Fund$51.1MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator APEX FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor RSM US, LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US, LLP
PCAOB 49

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 571474TGEMMWANRLN572

Fund details & source
Fund ID
805-1880388850
Reported beneficial owners
15
Minimum commitment
$1M
Form D file number
021-531959

Form ADV 2100239 · Apr 28, 2026 · Schedule D 7.B.(1)

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

ARBITER PARTNERS SPECIAL OPPORTUNITIES FUND I, LPHedge Fund$35.3MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator APEX FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor RSM US, LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian DEUTSCHE BANK TRUST COMPANY AMERICAS NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

RSM US, LLP
PCAOB 49

DEUTSCHE BANK TRUST COMPANY AMERICAS
LEI 571474TGEMMWANRLN572

Fund details & source
Fund ID
805-1983871607
Reported beneficial owners
19
Minimum commitment
$250K
Form D file number
021-179405

Form ADV 2100239 · Apr 28, 2026 · Schedule D 7.B.(1)

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Feb 23, 2026 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 2100239 · Apr 28, 2026 · Items 1 & 5

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary
$886M
Non-discretionary
$365M

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

530 FIFTH AVENUE, 20TH FLOOR
NEW YORK, NY, 10036, United States

CRD 156290

Filing source

Form ADV 2100239 · Apr 28, 2026 · Items 1 & 5

Reported by ARBITER PARTNERS CAPITAL MANAGEMENT, LLC (CRD 156290).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.