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
Client accounts: 16
Employees: 67
Advisory professionals: 35

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	16	$15,739,556,705	100.0%

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 LIQUID LONG SHORT EQUITY PARTNERS, LTDHedge Fund · Last reported Nov 13, 2012$43.4MGross asset value

Feeder funds

WHITEBOX LIQUID LONG SHORT EQUITY FUND, LP
WHITEBOX LIQUID LONG SHORT EQUITY FUND, LTD

Fund administrator HEDGESERV LIMITED DUBLIN 2, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG DUBLIN, Ireland

Custodian DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No

Marketer CHI RHO FINANCIAL LLC NORCROSS, Georgia, United States Related to adviser: No

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

DEUTSCHE BANK SECURITIES INC.
SEC 8-17822

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

Fund details & source

Fund ID: 805-8219246264
Reported beneficial owners: 4
Minimum commitment: $5M

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 ASYMMETRIC PARTNERS, L.P.Hedge Fund · Last reported Feb 14, 2023$15.9MGross 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 LTD CAMANA BAY, Cayman Islands

Custodian BNP PARIBAS PRIME BROKERAGE, INC. 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 DEUTSCHE BANK SECURITIES 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 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

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 PRIME BROKERAGE, INC. NEW YORK, New York, United States

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States

Prime broker DEUTSCHE BANK SECURITIES 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 LTD
PCAOB 1655

BNP PARIBAS PRIME BROKERAGE, INC.
SEC 8-40490

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

DEUTSCHE BANK SECURITIES INC.
SEC 8-17822

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

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
SEC 8-33359

UBS SECURITIES LLC
SEC 8-22651

WELLS FARGO SECURITIES, LLC
SEC 8-22947

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

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

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

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

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 7665 · SEC 8-22947

Fund details & source

Fund ID: 805-4346843958
Reported beneficial owners: 71
Minimum commitment: $1M
Form D file number: 021-140390
Form D file number: 021-140395

Form ADV 1714223 · Feb 14, 2023 · 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 III LPOther Private Fund · Last reported Jul 28, 2023$5.1MGross asset value

Feeder funds

WHITEBOX TERM CREDIT OFFSHORE FUND III LP
WHITEBOX TERM CREDIT ONSHORE FUND III 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 PRINCIPAL BANK DES MOINES, Iowa, United States Related to adviser: No

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: No

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

WELLS FARGO SECURITIES, LLC
CRD 7665 · SEC 8-22947

Fund details & source

Fund ID: 805-4576254397
Reported beneficial owners: 7
Minimum commitment: $5M
Form D file number: 021-270507

Form ADV 1775377 · Jul 28, 2023 · 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 INSTITUTIONAL PARTNERS, L.P.Hedge Fund · Last reported Nov 19, 2025$4.15MGross asset value

Form D fundraising filings

WHITEBOX INSTITUTIONAL PARTNERS, 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 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 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

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: No

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

GOLDMAN SACHS & CO. LLC
SEC 8-129

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

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: 805-2227173487
Reported beneficial owners: 2
Minimum commitment: $0
Form D file number: 021-178750

Form ADV 2028547 · Nov 19, 2025 · 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 SPECIAL OPPORTUNITIES FUND SERIES B PARTNERS, LPHedge Fund · Last reported Mar 30, 2015$2.22MGross asset value

Feeder funds

WHITEBOX SPECIAL OPPORTUNITIES FUND, LP - SERIES B

Fund administrator HEDGESERV (CAYMAN) LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG DUBLIN, Ireland

Custodian DEUTSCHE BANK SECURITIES INC. 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

Provider details

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

DEUTSCHE BANK SECURITIES INC.
SEC 8-17822

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

Fund details & source

Fund ID: 805-4681052502
Reported beneficial owners: 8
Minimum commitment: $5M
Form D file number: 021-108184

Form ADV 902239 · Mar 30, 2015 · 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 II L.P.Other Private Fund · Last reported Jul 13, 2020$0Gross asset value

Feeder funds

WHITEBOX TERM CREDIT OFFSHORE FUND II LP
WHITEBOX TERM CREDIT ONSHORE FUND II 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

Provider details

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

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

Fund details & source

Fund ID: 805-1599991111
Reported beneficial owners: 0
Minimum commitment: $5M

Form ADV 1444746 · Jul 13, 2020 · 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.