Petrocap, LLC (Dallas)

Name: Petrocap, LLC
Address: 3333 Lee Parkway, Dallas, TX, 75219
Telephone: 214-871-7967

Petrocap, LLC is a large advisory firm based in Dallas. It manages $677.69 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Texas.

Petrocap provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Petrocap: assets under management

The assets under management (AUM) of Petrocap, LLC is $677.69 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 524% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $677.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $225.9 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Petrocap, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Petrocap serves?

The only and largest group of clients of Petrocap is pooled investment vehicles with 3 clients and $677.69 million of assets under management. Among the 8 most similar advisory firms, Petrocap has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $677.69 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Petrocap also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $3,500,000.

Careers at Petrocap, LLC

The company employs 14 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Carlisle Hopson	Member	1 Mar 2011	Other	4696233
Inc. Highland Capital Management Services	Member	1 Mar 2014	25% - 50%	75-2911984
Mark Kiyoshi Okada	Member	1 Mar 2014	Other	2477897
Marc Christopher Manzo	Member	1 Mar 2014	Other	4825709
William Lane Britain	Member	1 Mar 2014	Other	4236779
Douglas R Evans	Member	1 Mar 2014	Other	6028957
Thomas Alexander Neville	Member	1 Mar 2014	Other	2251090
Thomas Joseph Surgent	Chief compliance officer	1 Mar 2014	Other	5983586
The Dugaboy Investment Trust	Member	1 Mar 2014	Other	75-2716725
James Steven Horn	Cco	1 Nov 2015	Other	2970314
John Walters	Chief compliance officer	1 Mar 2017	Other	6779315
Amanda Nethery Coussens	Chief compliance officer / chief financial officer	1 Dec 2017	Other	5750010

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James David Dondero	Director	1 Dec 2000	75% - 100%	2477893
Mark Kiyoshi Okada	Director	1 Dec 2000	25% - 50%	2477897
James David Dondero	Trustee	1 Mar 2014	75% - 100%	2477893

Based in Dallas

The principal office where Petrocap, LLC performs its advisory services is located at 3333 Lee Parkway, Dallas, TX 75219, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-871-7967 or by fax 214-871-5040. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at petrocap.com/.