# Highcrest Capital, LLC

> 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.

- CRD: 291007
- Filed as: HIGHCREST CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fredericksburg, TX
- Filing period: October 2026
- Form ADV filing dated: May 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291007
- AdvisorCensus page: https://advisorcensus.com/firm/highcrest-capital-llc-fredericksburg-tx-291007

## Quick answers

**How is Highcrest Capital, LLC compensated?**
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.

**Where is Highcrest Capital, LLC located?**
Highcrest Capital, LLC's principal office is in Fredericksburg, TX, according to its Form ADV.

**Is Highcrest Capital, LLC registered with the SEC or a state?**
Highcrest Capital, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 291007.

**How much does Highcrest Capital, LLC manage?**
Highcrest Capital, LLC reports $823,748,217 in regulatory assets under management in its Form ADV filing dated May 26, 2026 (100% discretionary).

**How have Highcrest Capital, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Highcrest Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Highcrest Capital, LLC report any disciplinary disclosures?**
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

**Does Highcrest Capital, LLC state an account minimum?**
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."

**What changed in Highcrest Capital, LLC's recent Form ADV filings?**
In the June 2026 filing data: Employees performing advisory functions went from 9 to 10.

## 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 May 26, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Regulatory assets under management (Item 5.F)
- Total: $823,748,217
- Discretionary: $823,748,217
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $823,748,217 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 20 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): 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?
- 11.E(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/291007

### Websites listed on Form ADV (Item 1.I)
- highcrestcapital.com
- LinkedIn @highcrest-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $248,413,482 | 13 | March 31, 2021 |
| October 2022 | $352,669,196 | 12 | May 26, 2022 |
| October 2023 | $481,448,041 | 16 | May 26, 2023 |
| October 2024 | $666,737,345 | 19 | May 29, 2024 |
| October 2025 | $758,920,862 | 19 | May 29, 2025 |
| October 2026 | $823,748,217 | 20 | May 26, 2026 |

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.

## Changes in the filing (last 12 months)

### June 2026
- Employees performing advisory functions went from 9 to 10.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Highcrest Capital, LLC (CRD 291007): Form ADV filing data as of October 2026.