{
  "crd_number": 324320,
  "slug": "palo-duro-investment-partners-lp-chicago-il-324320",
  "primary_business_name": "PALO DURO INVESTMENT PARTNERS, LP",
  "legal_name": "PALO DURO INVESTMENT PARTNERS, LP",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-01-10",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-07-21",
  "carried_forward": false,
  "raum_total": 402759861.0,
  "raum_discretionary": 402759861.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 4,
  "client_count_bucket": null,
  "clients_by_type": {
    "pension_profit_sharing": {
      "raum": 100126314.0,
      "count": 4
    },
    "pooled_investment_vehicles": {
      "raum": 302633547.0,
      "count": 3
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "IL",
    "IN",
    "PA",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/palodurocapitalpartners/about",
    "https://paloduro.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324320",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/palo-duro-investment-partners-lp-chicago-il-324320",
  "display_name": "Palo Duro Investment Partners, LP",
  "summary": "Palo Duro Investment Partners, LP is an SEC-registered investment advisory firm in Chicago, IL, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 21, 2026.",
  "citation": "AdvisorCensus. Palo Duro Investment Partners, LP (CRD 324320): 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)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Palo Duro Investment Partners, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Palo Duro Investment Partners, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Palo Duro Investment Partners, LP located?",
      "a": "Palo Duro Investment Partners, LP's principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Palo Duro Investment Partners, LP registered with the SEC or a state?",
      "a": "Palo Duro Investment Partners, LP is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324320."
    },
    {
      "q": "How much does Palo Duro Investment Partners, LP manage?",
      "a": "Palo Duro Investment Partners, LP reports $402,759,861 in regulatory assets under management in its Form ADV filing dated July 21, 2026 (100% discretionary)."
    },
    {
      "q": "How have Palo Duro Investment Partners, LP's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Palo Duro Investment Partners, LP: Regulatory assets under management: $320,867,254 in the October 2023 data and $402,759,861 in the October 2026 data, up 26%. Total employees: 5 in October 2023 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Palo Duro Investment Partners, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (4); pooled investment vehicles (other than investment companies and business development companies) (3)."
    },
    {
      "q": "Which custodians does Palo Duro Investment Partners, LP use?",
      "a": "Palo Duro Investment Partners, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Palo Duro Investment Partners, LP 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/324320"
    },
    {
      "q": "Does Palo Duro Investment Partners, LP state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 19, 2026 says: \"We generally do not have absolute minimum requirements regarding the amount of assets needed to open or maintain an account.\""
    },
    {
      "q": "What changed in Palo Duro Investment Partners, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 320867254.0,
      "total_employees": 5,
      "filing_date": "2023-04-20"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 354566259.0,
      "total_employees": 5,
      "filing_date": "2024-07-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 425745524.0,
      "total_employees": 6,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 402759861.0,
      "total_employees": 6,
      "filing_date": "2026-07-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 19, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "We generally do not have absolute minimum requirements regarding the amount of assets needed to open or maintain an account."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "We generally do not have absolute minimum requirements regarding the amount of assets needed to open or maintain an account."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "State Street Bank and Trust",
      "name_as_filed": "STATE STREET BANK AND TRUST",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/palo-duro-investment-partners-lp-chicago-il-324320.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 302633547.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 100126314.0
    }
  ],
  "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/324320",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}