Three Circles Capital Management, LLC

Three Circles Capital Management provides discretionary portfolio management to individuals, trusts, corporations and banking institutions, and it also serves as manager and investment adviser to a private pooled vehicle, Three Circles Fund, LLC. As of April 23, 2026 the firm reports just over $4 million in discretionary assets and offers separate accounts alongside investments in the Fund.

The firm’s investment approach centers on a proprietary analytical process for identifying and investing in exchange‑traded funds, coupled with an options overlay intended to reduce volatility and generate income; it may take long or short positions and write or purchase options. The adviser uses financial data feeds and third‑party research, has recently begun using AI for research support (not automated decision making), and generally seeks above‑average returns with lower risk while avoiding financial leverage except where short positions may introduce leverage.

What distinguishes the firm from many peers is its role as a private fund adviser that accepts performance‑based compensation—a 20% incentive allocation subject to a high‑water mark—while continuing to manage percentage‑of‑assets separate accounts, a structure that creates side‑by‑side conflicts the firm seeks to address through pro rata allocations and pricing parity. The firm also lists institutional clients such as banking institutions, imposes account minimums that can be waived, and maintains custody of the Fund, features that are less common among similarly sized independent advisers.