Investment adviser · CRD 110862

TOWLE & CO

Investment adviser filing (IA)

DENVER, CO, United States · Form ADV filed Jul 16, 2026

Regulatory AUM
$474M
Form ADV · Item 5.F
Client accounts
31
Accounts, not individual clients
Employees
9
Reported in this filing
Advisory professionals
4
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Investment companies2$168,657,87735.6%
Pooled investment vehicles3$152,552,53132.2%
Charities7$73,158,11115.4%
High-net-worth individuals17$51,402,57410.9%
Government entitiesFewer than 5$23,528,4455.0%
Retirement plansFewer than 5$4,354,9540.9%
Other clients1$00.0%
Filing source

Form ADV 2120118 · Jul 16, 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

4 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.

TOWLE CAPITAL PARTNERS, LPOther Private Fund · Last reported Jul 16, 2026$46.3MGross asset value
Fund administrator UMB FUND SERVICES | ALTERNATIVES OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS CAMANA BAY, GRAND CAYMAN, Cayman Islands
Custodian PERSHING LLC JERSEY CITY, New Jersey, 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

PRICEWATERHOUSECOOPERS
PCAOB 1266

PERSHING LLC
SEC 8-17574

Fund details & source
Fund ID
805-1820991162
Reported beneficial owners
42
Minimum commitment
$100K
Form D file number
021-1143057

Form ADV 2120118 · Jul 16, 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.

TOWLE EVOLUTION MASTER FUND, LPHedge Fund · Last reported Jul 16, 2026$39.4MGross asset value

Feeder funds

Fund administrator U.S. BANK GLOBAL FUND SERVICES (CAYMAN) LIMITED MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor PRICEWATERHOUSECOOPERS CAMANA BAY, GRAND CAYMAN, Cayman Islands
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian U.S. BANK MILWAUKEE, Wisconsin, United States Related to adviser: No
Prime broker MAREX CAPITAL MARKETS INC. NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

PRICEWATERHOUSECOOPERS
PCAOB 1266

GOLDMAN SACHS & CO. LLC
SEC 8-129

MAREX CAPITAL MARKETS INC.
CRD 161014 · SEC 8-69039

Fund details & source
Fund ID
805-7157924457
Reported beneficial owners
35
Minimum commitment
$1M
Form D file number
021-437379
Form D file number
021-437384

Form ADV 2120118 · Jul 16, 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.

TOWLE CAPITAL PARTNERS II, LPOther Private Fund · Last reported Mar 31, 2017$106MGross asset value
Fund administrator UMB FUND SERVICES | ALTERNATIVES OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor MOSS ADAMS, LLP SEATTLE, Washington, United States
Custodian J.P. MORGAN SECURITIES LLC BROOKLYN, 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

J.P. MORGAN SECURITIES LLC
SEC 8-35008

Fund details & source
Fund ID
805-4137805915
Reported beneficial owners
30
Minimum commitment
$100K

Form ADV 1102783 · Mar 31, 2017 · 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.

TOWLE INSTITUTIONAL PARTNERS, LPHedge Fund · Last reported Nov 19, 2021$382KGross asset value
Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

INTERACTIVE BROKERS LLC
SEC 8-47257

Fund details & source
Fund ID
805-7294607151
Reported beneficial owners
2
Minimum commitment
$0

Form ADV 1577552 · Nov 19, 2021 · 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: Jul 16, 2026. View historical filings

Reported services

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

Compensation

Percentage of assets · Performance-based

Principal office

720 S. COLORADO BLVD, SUITE 730-S
DENVER, CO, 80246, United States

CRD 110862

Filing source

Form ADV 2120118 · Jul 16, 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.