Precept Management, LLC is an SEC-registered investment adviser based in Dallas, TX that reports managing 3 hedge funds on Form ADV. It reports $5.4 million in regulatory assets under management. Its private funds, of all types, hold $13.0 million in gross assets.
- Regulatory assets under management
- $5.4 millionForm ADV Item 5.F
- Gross assets of private funds
- $13.0 millionAll private fund types, Form ADV
- Hedge funds managed
- 33 private funds in total
- Employees
- 3Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 114671
- Latest Form ADV
- 07/01/2026Disciplinary disclosures: none reported
Private funds reported on Form ADV (3)
Fund
Gross assets
Minimum
Owners
Adviser
The Precept Fund, L.P.
Texas, United StatesHedge fund
Gross assets$10.8M
Minimum$500K
Owners2
AdviserPrecept Management, LLC
Precept Special Situation Fund, L.P.
Texas, United StatesHedge fund
Gross assets$3.8M
Minimum$500K
Owners10
AdviserPrecept Management, LLC
Precept Credit Opportunities Fund, L.P.
Texas, United StatesHedge fund
Gross assets$1.1M
Minimum$500K
Owners13
AdviserPrecept Management, LLC
As reported in the adviser's Form ADV filed Mar 26, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures