Investment adviser · CRD 121995

WHITEBOX ADVISORS LLC

Investment adviser filing (IA)

MINNEAPOLIS, MN, United States · Form ADV filed Mar 25, 2026

Regulatory AUM
$15.7B
Form ADV · Item 5.F
Client accounts
16
Accounts, not individual clients
Employees
67
Reported in this filing
Advisory professionals
35
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
Pooled investment vehicles16$15,739,556,705100.0%
Filing source

Form ADV 2082398 · Mar 25, 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

20 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.

WHITEBOX CLO V LTDSecuritized Asset Fund · Last reported Mar 25, 2026$409MGross asset value
Fund administrator CITIBANK, N.A. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian CITIBANK, N.A. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

CITIBANK, N.A.
LEI 579100KKDGKCFFKKF005

Fund details & source
Fund ID
805-9703960108
Reported beneficial owners
8
Minimum commitment
$250K

Form ADV 2082398 · Mar 25, 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.

PANDORA SELECT PARTNERS, L.P.Hedge Fund · Last reported Mar 25, 2026$80MGross asset value

Feeder funds

Fund administrator HEDGESERV (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland
Custodian BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No
Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States Related to adviser: No
Custodian PRINCIPAL BANK DES MOINES, Iowa, United States Related to adviser: No
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, United States Related to adviser: No
Custodian WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States Related to adviser: No
Marketer REGISTER FINANCIAL ASSOCIATES, INC. ATLANTA, Georgia, United States Related to adviser: No
Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States
Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States
Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States
Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States
Prime broker UBS SECURITIES LLC NEW YORK, New York, United States
Prime broker WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

GOLDMAN SACHS & CO. LLC
SEC 8-129

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
SEC 8-33359

PRINCIPAL BANK
LEI 549300GTUS3RD4RG4D56

UBS SECURITIES LLC
SEC 8-22651

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

WELLS FARGO SECURITIES, LLC
SEC 8-65876

REGISTER FINANCIAL ASSOCIATES, INC.
CRD 30568 · SEC 8-45012

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Fund details & source
Fund ID
805-3521175008
Reported beneficial owners
6
Minimum commitment
$10M
Form D file number
021-127939
Form D file number
021-58591

Form ADV 2082398 · Mar 25, 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.

WHITEBOX CAJA BLANCA FUND, LPHedge Fund · Last reported Mar 25, 2026$22MGross asset value

Form D fundraising filings

WHITEBOX CAJA BLANCA FUND, LP

Fund administrator HEDGESERV (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland
Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, 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

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source
Fund ID
805-6832944534
Reported beneficial owners
2
Minimum commitment
$0
Form D file number
021-287545

Form ADV 2082398 · Mar 25, 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.

WHITEBOX TERM CREDIT FUND I L.P.Other Private Fund · Last reported Dec 17, 2019$97.2MGross asset value

Form D fundraising filings

Whitebox Term Credit Fund I LP

Feeder funds

  • WHITEBOX TERM CREDIT OFFSHORE FUND I LP
Fund administrator HEDGESERV (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland
Custodian DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Custodian U.S. BANK NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No
Custodian WELLS FARGO BANK, N.A. MINNEAPOLIS, Minnesota, United States Related to adviser: No
Prime broker DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States
Prime broker UBS SECURITIES LLC 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

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

DEUTSCHE BANK SECURITIES INC.
SEC 8-17822

UBS SECURITIES LLC
SEC 8-22651

DEUTSCHE BANK SECURITIES INC.
CRD 2525 · SEC 8-17822

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

Fund details & source
Fund ID
805-2082926647
Reported beneficial owners
92
Minimum commitment
$10M
Form D file number
021-270507

Form ADV 1362938 · Dec 17, 2019 · 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.

WHITEBOX KFA ADVANTAGE, LLCHedge Fund · Last reported Mar 28, 2024$79.1MGross asset value

Form D fundraising filings

Whitebox KFA Advantage, LLC

Fund administrator HEDGESERV (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland
Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No
Custodian PRINCIPAL BANK DES MOINES, Iowa, United States Related to adviser: No
Prime broker J.P. MORGAN CLEARING CORP. 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

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

J.P. MORGAN CLEARING CORP.
SEC 8-43724

PRINCIPAL BANK
LEI 549300GJUS3RD4RG4D56

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

Fund details & source
Fund ID
805-3593135748
Reported beneficial owners
2
Minimum commitment
$0
Form D file number
021-259328

Form ADV 1829534 · Mar 28, 2024 · 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.

WHITEBOX L/S EQUITY PARTNERS, LPHedge Fund · Last reported Nov 13, 2012$65.1MGross asset value

Feeder funds

Fund administrator HEDGESERV LIMITED DUBLIN 2, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG DUBLIN, Ireland
Custodian WELLS FARGO INSTITUTIONAL SECURITIES, LLC MINNEAPOLIS, Minnesota, United States Related to adviser: No
Marketer CHI RHO FINANCIAL LLC NORCROSS, Georgia, United States Related to adviser: No
Prime broker BNP PARIBAS PRIME BROKERAGE, INC. JERSEY CITY, New Jersey, United States
Prime broker DEUTSCHE BANK SECURITIES 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
Yes

WELLS FARGO INSTITUTIONAL SECURITIES, LLC
SEC 8-16600

BNP PARIBAS PRIME BROKERAGE, INC.
CRD 24962 · SEC 8-40490

DEUTSCHE BANK SECURITIES INC.
CRD 2525 · SEC 8-17822

Fund details & source
Fund ID
805-5389704574
Reported beneficial owners
25
Minimum commitment
$1M
Form D file number
021-127922
Form D file number
021-67223

Form ADV 679825 · Nov 13, 2012 · 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.

WHITEBOX CREDIT PARTNERS, L.P.Hedge Fund · Last reported Mar 28, 2024$49.6MGross asset value

Feeder funds

Fund administrator HEDGESERV (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland
Custodian BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No
Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No
Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No
Custodian MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States Related to adviser: No
Custodian PRINCIPAL BANK DES MOINES, Iowa, United States Related to adviser: No
Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No
Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, United States Related to adviser: No
Custodian WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States Related to adviser: No
Marketer CONSTELLAR CAPITAL PARTNERS HONG KONG LIMITED HONG KONG, Hong Kong Related to adviser: No
Marketer REGISTER FINANCIAL ASSOCIATES, INC. ATLANTA, Georgia, United States Related to adviser: No
Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States
Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States
Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States
Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. NEW YORK, New York, United States
Prime broker UBS SECURITIES LLC NEW YORK, New York, United States
Prime broker WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

J.P. MORGAN CLEARING CORP.
SEC 8-43724

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
SEC 8-33359

PRINCIPAL BANK
LEI 549300GJUS3RD4RG4D56

UBS SECURITIES LLC
SEC 8-22651

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

WELLS FARGO SECURITIES, LLC
SEC 8-65876

REGISTER FINANCIAL ASSOCIATES, INC.
CRD 30568 · SEC 8-45012

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

UBS SECURITIES LLC
CRD 7654 · SEC 8-22651

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Fund details & source
Fund ID
805-9946380785
Reported beneficial owners
30
Minimum commitment
$5M
Form D file number
021-130416
Form D file number
021-130417

Form ADV 1829534 · Mar 28, 2024 · 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: Mar 25, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

3033 EXCELSIOR BOULEVARD, SUITE 500
MINNEAPOLIS, MN, 55416, United States

CRD 121995

Filing source

Form ADV 2082398 · Mar 25, 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.