{ "crd_number": 291007, "slug": "highcrest-capital-llc-fredericksburg-tx-291007", "primary_business_name": "HIGHCREST CAPITAL, LLC", "legal_name": "HIGHCREST CAPITAL, LLC", "dbas": [], "city": "Fredericksburg", "state": "TX", "country": "United States", "cbsa_code": "23240", "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2019-05-07", "years_registered": 7, "period": "2026-10-01", "filing_date": "2026-05-26", "carried_forward": false, "raum_total": 823748217.0, "raum_discretionary": 823748217.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 20, "advisory_employees": 10, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 823748217.0, "count": 2 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "TX" ], "websites": [ "https://highcrestcapital.com", "https://linkedin.com/company/highcrest-capital/about" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/291007", "disclosure_items": [ { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" }, { "item": "11.E(4)", "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?" } ], "city_as_filed": "FREDERICKSBURG", "url": "https://advisorcensus.com/firm/highcrest-capital-llc-fredericksburg-tx-291007", "display_name": "Highcrest Capital, LLC", "summary": "Highcrest Capital, LLC is an SEC-registered investment advisory firm in Fredericksburg, TX, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 26, 2026.", "citation": "AdvisorCensus. Highcrest Capital, LLC (CRD 291007): 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 Highcrest Capital, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Highcrest Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Highcrest Capital, LLC located?", "a": "Highcrest Capital, LLC's principal office is in Fredericksburg, TX, according to its Form ADV." }, { "q": "Is Highcrest Capital, LLC registered with the SEC or a state?", "a": "Highcrest Capital, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 291007." }, { "q": "How much does Highcrest Capital, LLC manage?", "a": "Highcrest Capital, LLC reports $823,748,217 in regulatory assets under management in its Form ADV filing dated May 26, 2026 (100% discretionary)." }, { "q": "How have Highcrest Capital, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Highcrest Capital, LLC: Regulatory assets under management: $248,413,482 in the October 2021 data and $823,748,217 in the October 2026 data, up 232%. Total employees: 13 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Highcrest Capital, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2)." }, { "q": "Does Highcrest Capital, LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/291007" }, { "q": "Does Highcrest Capital, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated May 26, 2026 says: \"The minimum investment required to invest in the Funds is $250,000. The applicable general partner, in its sole discretion, may waive, reduce, or increase the minimum investment amount.\"" }, { "q": "What changed in Highcrest Capital, LLC's recent Form ADV filings?", "a": "In the June 2026 filing data: Employees performing advisory functions went from 9 to 10." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 248413482.0, "total_employees": 13, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 352669196.0, "total_employees": 12, "filing_date": "2022-05-26" }, { "period": "2023-10-01", "regulatory_assets_under_management": 481448041.0, "total_employees": 16, "filing_date": "2023-05-26" }, { "period": "2024-10-01", "regulatory_assets_under_management": 666737345.0, "total_employees": 19, "filing_date": "2024-05-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 758920862.0, "total_employees": 19, "filing_date": "2025-05-29" }, { "period": "2026-10-01", "regulatory_assets_under_management": 823748217.0, "total_employees": 20, "filing_date": "2026-05-26" } ], "recent_changes": [ { "period": "2026-06-01", "period_label": "June 2026", "notes": [ "Employees performing advisory functions went from 9 to 10." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated May 26, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$250,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $250,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "The minimum investment required to invest in the Funds is $250,000. The applicable general partner, in its sole discretion, may waive, reduce, or increase the minimum investment amount." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 250000.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "The minimum investment required to invest in the Funds is $250,000. The applicable general partner, in its sole discretion, may waive, reduce, or increase the minimum investment amount." ], "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/highcrest-capital-llc-fredericksburg-tx-291007.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 2, "fewer_than_5": false, "raum": 823748217.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "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/291007", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }