ARBITER PARTNERS: Investment Adviser Form ADV Filing

How this adviser has changed

Annual filings

Regulatory assets under management

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 year	Regulatory AUM	Employees	Filed
2021	$958,400,000	12	Mar 22, 2022
2022	$734,200,000	12	Mar 22, 2023
2023	$691,900,000	12	Mar 27, 2024
2024	$778,600,000	12	Mar 12, 2025
2025	$1,250,700,000	12	Feb 23, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	6	$575,700,000	46.0%
High-net-worth individuals	11	$423,700,000	33.9%
Charities	Fewer than 5	$151,300,000	12.1%
Other investment advisers	Fewer than 5	$100,000,000	8.0%

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.

Private funds & service providers

1 selected 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.

View all funds in this filing

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.

Arbiter Special Opportunities Fund II, LP

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.

Services & filing details

View a filing

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.