Investment adviser · CRD 297876

LEGALIST

Investment adviser filing (IA)

LEGALIST, INC.

SAN FRANCISCO, CA, United States · Form ADV filed Jun 29, 2026

Regulatory AUM: $1.92B
Client accounts: 17
Employees: 36
Advisory professionals: 16

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	15	$1,485,106,194	77.5%
Other clients	Fewer than 5	$430,000,000	22.5%

Filing source

Form ADV 2107179 · Jun 29, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

13 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

LEGALIST GOVERNMENT RECEIVABLES FUND, LPPrivate Equity Fund · Last reported Jun 29, 2026$447MGross asset value

Feeder funds

LEGALIST GOVERNMENT RECEIVABLES (OFFSHORE) FUND, LP

Fund administrator SS&C TECHNOLOGIES, INC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US, LLP CHICAGO, Illinois, United States

Custodian CUSTOMERS BANK MALVERN, Pennsylvania, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Marketer OLD CITY SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Provider details

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

RSM US, LLP
PCAOB 49

CUSTOMERS BANK
LEI 6UHRKD73G36IZYN3FC43

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

OLD CITY SECURITIES LLC
CRD 171910 · SEC 8-69488

Fund details & source

Fund ID: 805-6193212098
Reported beneficial owners: 187
Minimum commitment: $100K
Form D file number: 021-193830

Form ADV 2107179 · Jun 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGALIST FUND IV LPPrivate Equity Fund · Last reported Jun 29, 2026$413MGross asset value

Form D fundraising filings

Legalist Fund IV, LP

Feeder funds

LEGALIST FUND IV (OFFSHORE), LP

Fund administrator CARTA INVESTOR SERVICES, INC. PALO ALTO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PKF O'CONNOR DAVIES, LLP NEW YORK, New York, United States

Custodian CUSTOMERS BANK MALVERN, Pennsylvania, United States Related to adviser: No

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

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

PKF O'CONNOR DAVIES, LLP
PCAOB 127

CUSTOMERS BANK
LEI 6UHRKD73G36IZYN3FC43

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-5586161957
Reported beneficial owners: 192
Minimum commitment: $1M
Form D file number: 021-534793
Form D file number: 021-578388

Form ADV 2107179 · Jun 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGALIST FUND III, LPPrivate Equity Fund · Last reported Jun 29, 2026$268MGross asset value

Form D fundraising filings

Legalist Fund III, LP

Fund administrator CARTA INVESTOR SERVICES, INC. PALO ALTO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PKF O'CONNOR DAVIES, LLP NEW YORK, New York, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

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

PKF O'CONNOR DAVIES, LLP
PCAOB 127

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-6908459576
Reported beneficial owners: 76
Minimum commitment: $500K
Form D file number: 021-422490

Form ADV 2107179 · Jun 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGALIST SPV III, LPPrivate Equity Fund · Last reported Jun 29, 2026$104MGross asset value

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US, LLP CHICAGO, Illinois, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

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

RSM US, LLP
PCAOB 49

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-8482250487
Reported beneficial owners: 1
Minimum commitment: $1M

Form ADV 2107179 · Jun 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGALIST DIP FUND II, LPPrivate Equity Fund · Last reported Jun 29, 2026$65.7MGross asset value

Form D fundraising filings

Legalist DIP Fund II, LP

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PKF O'CONNOR DAVIES, LLP NEW YORK, New York, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

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

PKF O'CONNOR DAVIES, LLP
PCAOB 127

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-4320007807
Reported beneficial owners: 44
Minimum commitment: $1M
Form D file number: 021-454696

Form ADV 2107179 · Jun 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGALIST FUND II, L.P.Private Equity Fund · Last reported Jun 29, 2026$62.7MGross asset value

Form D fundraising filings

Legalist Fund II, L.P.

Fund administrator CARTA INVESTOR SERVICES, INC. PALO ALTO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PKF O'CONNOR DAVIES, LLP NEW YORK, New York, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

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

PKF O'CONNOR DAVIES, LLP
PCAOB 127

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-9224020552
Reported beneficial owners: 40
Minimum commitment: $500K
Form D file number: 021-336469

Form ADV 2107179 · Jun 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LEGALIST DIP OFFSHORE FUND II, LTDPrivate Equity Fund · Last reported Jun 29, 2026$58.9MGross asset value

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PKF O'CONNOR DAVIES, LLP NEW YORK, New York, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

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

PKF O'CONNOR DAVIES, LLP
PCAOB 127

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-8522806808
Reported beneficial owners: 14
Minimum commitment: $1M

Form ADV 2107179 · Jun 29, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jun 29, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

101 CALIFORNIA STREET, SUITE 3025
SAN FRANCISCO, CA, 94111, United States

CRD 297876

Filing source

Form ADV 2107179 · Jun 29, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.