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Opengate Capital Management, LLC: investment adviser
Opengate Capital Management, LLC is an investment adviser registered with the SEC (file 801-96335, CRD 213518). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $666.8M
- Discretionary
- 100%
- Accounts
- 11
- Employees
- 25
- In advisory roles
- 15
- Disclosures
- 0
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Private funds and other pooled vehicles | 11 | $666.8M | 100.0% |
How it is paid
- A percentage of assets under your management
- Performance-based fees
Services
- Portfolio management for pooled investment vehicles (other than investment companies)
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Akn Holdings, LLC | Company (U.S.) | Managing member | E 75% or more | Mar 2011 | Yes | |
| Next Step Consulting Sarl | Company (outside the U.S.) | Member | B 10% to 25% | Apr 2012 |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Julien Paul Jerome Lagreze | Next Step | Person | E 75% or more | Yes | |
| Andrew Kaveh Nikou | Akn Holdings, | Person | E 75% or more | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been a cause of an investment-related business having its authorization to do business [ ] [ ] denied, suspended, revoked, or restricted?
No disclosure pages were read from this filing; see the SEC record for details.
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Other brochures on file
- Opengate Capital Management - Form ADV Brochure, Sep 1, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.