# Caravela Energy Partners LP

> Caravela Energy Partners LP is an SEC-registered investment advisory firm in Darien, CT, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 323131
- Filed as: CARAVELA ENERGY PARTNERS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Darien, CT
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323131
- AdvisorCensus page: https://advisorcensus.com/firm/caravela-energy-partners-lp-darien-ct-323131

## Quick answers

**How is Caravela Energy Partners LP compensated?**
On its Form ADV (Item 5.E, October 2026), Caravela Energy Partners LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Caravela Energy Partners LP located?**
Caravela Energy Partners LP's principal office is in Darien, CT, according to its Form ADV.

**Is Caravela Energy Partners LP registered with the SEC or a state?**
Caravela Energy Partners LP is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323131.

**How much does Caravela Energy Partners LP manage?**
Caravela Energy Partners LP reports $529,128,587 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Caravela Energy Partners LP's assets and staff changed since 2023?**
In the Form ADV data for Caravela Energy Partners LP: Regulatory assets under management: $225,800,000 in the October 2023 data and $529,128,587 in the October 2026 data, up 134%. Total employees: 2 in October 2023 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Caravela Energy Partners LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6); other (3).

**Which custodians does Caravela Energy Partners LP use?**
Caravela Energy Partners LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC and Scotia Bank as custodians holding 10% or more of its separately managed account assets.

**Does Caravela Energy Partners LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/323131

**What changed in Caravela Energy Partners LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 13.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC
- Scotia Bank

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $529,128,587
- Discretionary: $529,128,587
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $370,144,587 |
| Other | 3 | $158,984,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2022 (3 years)
- Employees: 16 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @caravela-energy-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $225,800,000 | 2 | August 22, 2023 |
| October 2024 | $348,030,571 | 7 | April 2, 2024 |
| October 2025 | $516,559,550 | 10 | March 31, 2025 |
| October 2026 | $529,128,587 | 16 | March 30, 2026 |

Regulatory assets under management: $225,800,000 in the October 2023 data and $529,128,587 in the October 2026 data, up 134%.
Total employees: 2 in October 2023 and 16 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 13.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Caravela Energy Partners LP (CRD 323131): Form ADV filing data as of October 2026.