# Permian

> Permian is an SEC-registered investment advisory firm in Dallas, TX, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 156893
- Filed as: PERMIAN
- Legal name: Permian Investment Partners, LP
- 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/156893
- AdvisorCensus page: https://advisorcensus.com/firm/permian-dallas-tx-156893

## Quick answers

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

**How much does Permian charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.5% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Permian located?**
Permian'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 Permian registered with the SEC or a state?**
Permian is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 156893.

**How much does Permian manage?**
Permian reports $2,433,551,619 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Permian's assets and staff changed since 2021?**
In the Form ADV data for Permian: Regulatory assets under management: $2,393,783,195 in the October 2021 data and $2,433,551,619 in the October 2026 data, up 2%. Total employees: 8 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Permian serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Which custodians does Permian use?**
Permian's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street as a custodian holding 10% or more of its separately managed account assets.

**Does Permian 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/156893

**What changed in Permian's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $2,131,220,008 to $2,433,551,619 (+14%).

## 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 31, 2026)

- Asset-based fee: 0.5% to 1% a year (a range, as the brochure states it)

> Management fees are payable monthly or quarterly in arrears and range from 0.5% to 1.0% of assets under management.

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

### Custodians (Schedule D, Section 5.K(3))
- State Street

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,433,551,619
- Discretionary: $2,433,551,619
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $1,808,818,578 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $624,733,041 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2011 (15 years)
- Employees: 12 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY, 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
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- permianlp.com
- LinkedIn @permian-investment-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,393,783,195 | 8 | February 8, 2021 |
| October 2022 | $2,748,085,911 | 11 | March 30, 2022 |
| October 2023 | $2,090,930,586 | 11 | June 8, 2023 |
| October 2024 | $2,225,591,459 | 12 | March 26, 2024 |
| October 2025 | $2,131,220,008 | 12 | March 29, 2025 |
| October 2026 | $2,433,551,619 | 12 | March 31, 2026 |

Regulatory assets under management: $2,393,783,195 in the October 2021 data and $2,433,551,619 in the October 2026 data, up 2%.
Total employees: 8 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $2,131,220,008 to $2,433,551,619 (+14%).

### January 2026
- No longer registered or notice-filed in UT.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Permian (CRD 156893): Form ADV filing data as of October 2026.