SEC-Registered Investment Adviser
1st & Main Growth Partners
Legal name: The Banc Funds Company, L.L.C.
Registration facts are from the firm's Form ADV Part 1A as published by the SEC, latest filing dated April 28, 2026. Figures are firm-level: they describe the advisory firm, not any single offering.
Registration
- Status
- Approved
- Registered since
- February 14, 1997
- Principal office
- 150 S. Wacker Drive, Suite 2725, Chicago, IL 60606-3105
- Organized as
- Limited Liability Company, IL
- Fiscal year end
- December
- Umbrella registration
- Yes, 3 relying advisers
- Other offices
- 1
- Website
- 1standmain.co
Scale
- Regulatory AUM
- $680.4M
- Accounts
- 3
- Clients
- 0
- Employees
- 13, 10 in advisory roles
- Private funds advised
- 3
- Private fund gross assets
- $680.4M
- Fund types
- 3 private equity funds
- Funds with Form D records
- 1 issuer in AltStreet's ledger, $356.7M reported sold across them
- Client assets in custody
- $680.4M (3 clients)
Business, clients and compensation, as filed
- Advisory activities
- portfolio management for pooled investment vehicles
- Compensated by
- performance-based fees and other
- Client types
- pooled investment vehicles (3)
- Related persons include
- a sponsor, general partner or managing member of pooled investment vehicles
Form ADV Item 11 disclosures
The firm answered yes to the following Item 11 questions. The answers cover the firm and its advisory affiliates; the Disclosure Reporting Pages on IAPD identify the subject and the outcome.
- SEC or CFTC finding of a violation of regulations or statutes (Item 11C(2))
- SEC or CFTC civil money penalty or cease-and-desist (Item 11C(5))
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Source: SEC Form ADV via IARD (roster of October 6, 2026), matched to the platform by AltStreet analysts. Item 11 answers are as reported on the firm's Form ADV and cover the firm and its advisory affiliates; consult the firm's IAPD record for the Disclosure Reporting Pages. Brochure statements are the firm's own. Nothing on this page is investment advice.