# CSL Capital Management, L.P.

> CSL Capital Management, L.P. is an SEC-registered investment advisory firm in Houston, TX, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 158340
- Filed as: CSL CAPITAL MANAGEMENT, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158340
- AdvisorCensus page: https://advisorcensus.com/firm/csl-capital-management-l-p-houston-tx-158340

## Quick answers

**How is CSL Capital Management, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), CSL Capital Management, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is CSL Capital Management, L.P. located?**
CSL Capital Management, L.P.'s principal office is in Houston, TX, according to its Form ADV.

**Is CSL Capital Management, L.P. registered with the SEC or a state?**
CSL Capital Management, L.P. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158340.

**How much does CSL Capital Management, L.P. manage?**
CSL Capital Management, L.P. reports $144,762,065 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have CSL Capital Management, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for CSL Capital Management, L.P.: Regulatory assets under management: $359,887,000 in the October 2021 data and $144,762,065 in the October 2026 data, down 60%. Total employees: 14 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does CSL Capital Management, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does CSL Capital Management, 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/158340

**Does CSL Capital Management, L.P. state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "The Adviser does not have a minimum size for a Fund."

**What changed in CSL Capital Management, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 4. Regulatory assets under management went from $247,737,000 to $144,762,065 (-42%).

## 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 27, 2026)

- Account minimum: None

> The Adviser does not have a minimum size for a Fund.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $144,762,065
- Discretionary: $144,762,065
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $144,762,065 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 8 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- cslenergy.com
- LinkedIn @csl-energy-fund-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $359,887,000 | 14 | September 29, 2021 |
| October 2022 | $664,938,000 | 12 | March 31, 2022 |
| October 2023 | $723,242,000 | 11 | April 11, 2023 |
| October 2024 | $410,671,000 | 10 | May 7, 2024 |
| October 2025 | $247,737,000 | 10 | March 26, 2025 |
| October 2026 | $144,762,065 | 8 | March 27, 2026 |

Regulatory assets under management: $359,887,000 in the October 2021 data and $144,762,065 in the October 2026 data, down 60%.
Total employees: 14 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 4.
- Regulatory assets under management went from $247,737,000 to $144,762,065 (-42%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CSL Capital Management, L.P. (CRD 158340): Form ADV filing data as of October 2026.