# 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.

- CRD: 175156
- Filed as: CENTEROAK ADVISER, L.P.
- 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)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/175156
- AdvisorCensus page: https://advisorcensus.com/firm/centeroak-adviser-l-p-dallas-tx-175156

## Quick answers

**How 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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 2% of assets a year

> 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)

> 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 brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,975,228,000
- Discretionary: $1,975,228,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $1,975,228,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 20 total, 20 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [centeroakpartners.com](https://centeroakpartners.com)
- LinkedIn @centeroak-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $838,717,000 | 15 | March 25, 2021 |
| October 2022 | $1,205,960,000 | 12 | March 30, 2022 |
| October 2023 | $1,380,226,000 | 16 | March 29, 2023 |
| October 2024 | $1,478,565,000 | 17 | March 27, 2024 |
| October 2025 | $2,488,385,000 | 16 | July 8, 2025 |
| October 2026 | $1,975,228,000 | 20 | March 30, 2026 |

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.

## 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Centeroak Adviser, L.P. (CRD 175156): Form ADV filing data as of October 2026.