# NGP

> NGP is an SEC-registered investment advisory firm in Dallas, TX, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 160729
- Legal name: NGP Energy Capital Management, LLC
- Also doing business as: NGP GLOBAL AGRIBUSINESS PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160729
- AdvisorCensus page: https://advisorcensus.com/firm/ngp-dallas-tx-160729

## Quick answers

**How is NGP compensated?**
On its Form ADV (Item 5.E, October 2026), NGP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is NGP located?**
NGP's principal office is in Dallas, TX, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is NGP registered with the SEC or a state?**
NGP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160729.

**How much does NGP manage?**
NGP reports $10,875,282,644 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have NGP's assets and staff changed since 2021?**
In the Form ADV data for NGP: Regulatory assets under management: $9,141,505,172 in the October 2021 data and $10,875,282,644 in the October 2026 data, up 19%. Total employees: 52 in October 2021 and 56 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does NGP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (17).

**Does NGP 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/160729

**What changed in NGP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 28 to 31. 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

### Regulatory assets under management (Item 5.F)
- Total: $10,875,282,644
- Discretionary: $10,875,282,644
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 17 | $10,875,282,644 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 56 total, 31 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.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Houston, TX

### Websites listed on Form ADV (Item 1.I)
- ngpenergy.com
- LinkedIn @ngpenergycapital
- X @NGPENERGYCAP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $9,141,505,172 | 52 | March 29, 2021 |
| October 2022 | $9,690,938,082 | 59 | March 30, 2022 |
| October 2023 | $12,740,969,466 | 55 | June 27, 2023 |
| October 2024 | $11,277,021,508 | 54 | March 29, 2024 |
| October 2025 | $10,638,269,707 | 53 | March 31, 2025 |
| October 2026 | $10,875,282,644 | 56 | March 31, 2026 |

Regulatory assets under management: $9,141,505,172 in the October 2021 data and $10,875,282,644 in the October 2026 data, up 19%.
Total employees: 52 in October 2021 and 56 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 28 to 31.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. NGP (CRD 160729): Form ADV filing data as of October 2026.