{ "crd_number": 171158, "slug": "five-point-infrastructure-llc-houston-tx-171158", "primary_business_name": "FIVE POINT INFRASTRUCTURE LLC", "legal_name": "FIVE POINT INFRASTRUCTURE LLC", "dbas": [], "city": "Houston", "state": "TX", "country": "United States", "cbsa_code": "26420", "metro": { "cbsa_code": "26420", "common_name": "Houston", "msa_name": "Houston-Pasadena-The Woodlands, TX", "path": "/advisors/tx/houston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2015-02-19", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-04-24", "carried_forward": false, "raum_total": 7053171766.0, "raum_discretionary": 7053171766.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 33, "advisory_employees": 12, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 7053171766.0, "count": 12 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "TX" ], "websites": [ "https://fpinfra.com", "https://linkedin.com/company/fpinfra" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/171158", "city_as_filed": "HOUSTON", "url": "https://advisorcensus.com/firm/five-point-infrastructure-llc-houston-tx-171158", "display_name": "Five Point Infrastructure LLC", "summary": "Five Point Infrastructure LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 24, 2026.", "citation": "AdvisorCensus. Five Point Infrastructure LLC (CRD 171158): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Five Point Infrastructure LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Five Point Infrastructure LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "What does Five Point Infrastructure LLC's brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.5% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Five Point Infrastructure LLC located?", "a": "Five Point Infrastructure LLC's principal office is in Houston, TX, according to its Form ADV." }, { "q": "Is Five Point Infrastructure LLC registered with the SEC or a state?", "a": "Five Point Infrastructure LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 171158." }, { "q": "How much does Five Point Infrastructure LLC manage?", "a": "Five Point Infrastructure LLC reports $7,053,171,766 in regulatory assets under management in its Form ADV filing dated April 24, 2026 (100% discretionary)." }, { "q": "How have Five Point Infrastructure LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Five Point Infrastructure LLC: Regulatory assets under management: $2,987,722,463 in the October 2021 data and $7,053,171,766 in the October 2026 data, up 136%. Total employees: 24 in October 2021 and 33 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Five Point Infrastructure LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12)." }, { "q": "Does Five Point Infrastructure LLC report any disciplinary disclosures?", "a": "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/171158" }, { "q": "What changed in Five Point Infrastructure LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 9 to 12. Regulatory assets under management went from $8,396,864,985 to $7,290,902,221 (-13%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2987722463.0, "total_employees": 24, "filing_date": "2021-04-09" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3331470637.0, "total_employees": 26, "filing_date": "2022-03-28" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3563971583.0, "total_employees": 27, "filing_date": "2023-03-29" }, { "period": "2024-10-01", "regulatory_assets_under_management": 5253812065.0, "total_employees": 27, "filing_date": "2024-06-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 8396864985.0, "total_employees": 25, "filing_date": "2025-05-15" }, { "period": "2026-10-01", "regulatory_assets_under_management": 7053171766.0, "total_employees": 33, "filing_date": "2026-04-24" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 9 to 12.", "Regulatory assets under management went from $8,396,864,985 to $7,290,902,221 (-13%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 27, 2026", "tiers": [], "flat_rate": null, "stated_range": "0.5% to 2% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.5% to 2% a year (a range, as the brochure states it)" ], "quotes": [ "In general, the management fee will vary between 0.5% and 2% of committed capital or the cost of investments per annum, charged quarterly in advance" ] } ], "quotes": [ "In general, the management fee will vary between 0.5% and 2% of committed capital or the cost of investments per annum, charged quarterly in advance" ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/five-point-infrastructure-llc-houston-tx-171158.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 12, "fewer_than_5": false, "raum": 7053171766.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/171158", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }