AdvisorCensus / Financial advisors / Texas / Dallas / Centeroak Adviser, L.P.
Centeroak Adviser, L.P. is an SEC-registered investment advisory firm in Dallas, TX, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.
Quick answers
From the filingHow is Centeroak Adviser, L.P. compensated?
On its Form ADV (Item 5.E, October 2026), Centeroak Adviser, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
How much does Centeroak Adviser, L.P. charge?
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Centeroak Adviser, L.P. located?
Centeroak Adviser, L.P.'s principal office is in Dallas, TX, according to its Form ADV.
Is Centeroak Adviser, L.P. registered with the SEC or a state?
Centeroak Adviser, L.P. is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 175156.
How much does Centeroak Adviser, L.P. manage?
Centeroak Adviser, L.P. reports $1,975,228,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).
How have Centeroak Adviser, L.P.'s assets and staff changed since 2021?
In the Form ADV data for Centeroak Adviser, L.P.: Regulatory assets under management: $838,717,000 in the October 2021 data and $1,975,228,000 in the October 2026 data, up 136%. Total employees: 15 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Centeroak Adviser, L.P. serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).
Does Centeroak Adviser, L.P. 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/175156
Does Centeroak Adviser, L.P. state an account minimum?
Its Form ADV Part 2A brochure dated March 30, 2026 says: "In general, the minimum initial capital commitment required for an investor in a Fund is $5 million, although capital commitments of lesser amounts are permitted to be accepted in the discretion of the applicable General Partner."
What changed in Centeroak Adviser, L.P.'s recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 16 to 20. Regulatory assets under management went from $2,488,385,000 to $1,975,228,000 (-21%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 2% of assets a year
The brochure's wording
An affiliated management company for a Fund generally receives an annual management fee equal to: (i) during the commitment period, 2.0% of the aggregate commitments to such Fund; and (ii) after the commitment period
Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
In general, the minimum initial capital commitment required for an investor in a Fund is $5 million, although capital commitments of lesser amounts are permitted to be accepted in the discretion of the applicable General Partner.
As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,975,228,000 as of October 2026, filing dated March 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Also doing business as
- CENTEROAK GP I, INC., CENTEROAK GP II, INC., CENTEROAK GP III, INC.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2015 (11 years)
- Employees
- Total: 20. Performing investment advisory functions: 20.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,975,228,000 | 20 | March 30, 2026 |
| October 2025 | $2,488,385,000 | 16 | July 8, 2025 |
| October 2024 | $1,478,565,000 | 17 | March 27, 2024 |
| October 2023 | $1,380,226,000 | 16 | March 29, 2023 |
| October 2022 | $1,205,960,000 | 12 | March 30, 2022 |
| October 2021 | $838,717,000 | 15 | March 25, 2021 |
Regulatory assets under management: $838,717,000 in the October 2021 data and $1,975,228,000 in the October 2026 data, up 136%.
Total employees: 15 in October 2021 and 20 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 16 to 20.
- Regulatory assets under management went from $2,488,385,000 to $1,975,228,000 (-21%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Centeroak Adviser, L.P. (CRD 175156): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/centeroak-adviser-l-p-dallas-tx-175156