# Pelican Energy Partners

> Pelican Energy Partners is an SEC-registered investment advisory firm in Houston, TX, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 21, 2026.

- CRD: 163267
- Filed as: PELICAN ENERGY PARTNERS
- Legal name: Daybreak Fund Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: May 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/163267
- AdvisorCensus page: https://advisorcensus.com/firm/pelican-energy-partners-houston-tx-163267

## Quick answers

**How is Pelican Energy Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Pelican Energy Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Pelican Energy Partners charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Pelican Energy Partners located?**
Pelican Energy Partners' principal office is in Houston, TX, according to its Form ADV.

**Is Pelican Energy Partners registered with the SEC or a state?**
Pelican Energy Partners is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 163267.

**How much does Pelican Energy Partners manage?**
Pelican Energy Partners reports $1,007,489,318 in regulatory assets under management in its Form ADV filing dated May 21, 2026 (100% discretionary).

**How have Pelican Energy Partners' assets and staff changed since 2021?**
In the Form ADV data for Pelican Energy Partners: Regulatory assets under management: $412,122,192 in the October 2021 data and $1,007,489,318 in the October 2026 data, up 144%. Total employees: 14 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pelican Energy Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Pelican Energy Partners 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/163267

**What changed in Pelican Energy Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 13 to 15. 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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> Our current management fees will typically be up to 2% of capital committed to the relevant Client during the investment period of such Client and up to 2% of unreturned invested capital remaining following the termination of the investment period of such Client

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

### Regulatory assets under management (Item 5.F)
- Total: $1,007,489,318
- Discretionary: $1,007,489,318
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1,007,489,318 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2016 (10 years)
- Employees: 29 total, 15 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.

### Websites listed on Form ADV (Item 1.I)
- pelicanenergypartners.com
- LinkedIn @PELICAN-ENERGY-PARTNERS-LP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $412,122,192 | 14 | March 25, 2021 |
| October 2022 | $555,522,157 | 15 | April 1, 2022 |
| October 2023 | $755,554,617 | 17 | March 29, 2023 |
| October 2024 | $961,916,408 | 18 | March 27, 2024 |
| October 2025 | $1,017,781,890 | 22 | March 28, 2025 |
| October 2026 | $1,007,489,318 | 29 | May 21, 2026 |

Regulatory assets under management: $412,122,192 in the October 2021 data and $1,007,489,318 in the October 2026 data, up 144%.
Total employees: 14 in October 2021 and 29 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 13 to 15.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pelican Energy Partners (CRD 163267): Form ADV filing data as of October 2026.