Usca Asset Management LLC is an SEC-registered investment adviser based in Houston, TX that reports managing 2 hedge funds on Form ADV. It reports $132.1 million in regulatory assets under management. Its private funds, of all types, hold $132.0 million in gross assets.
- Regulatory assets under management
- $132.1 millionForm ADV Item 5.F
- Gross assets of private funds
- $132.0 millionAll private fund types, Form ADV
- Hedge funds managed
- 224 private funds in total
- Employees
- 6Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 137045
- Latest Form ADV
- 04/24/2026Disciplinary disclosures: none reported
Hedge funds filing Form D (1)
Fund
First sale
Raised
Investors
Minimum
YTD performance
HRG Appreciation Fund, L.P.
Houston, TX
First saleAug 2022
Raised$69.7M
Investors84
Minimum$250K
YTD performanceNot reported
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (23)
Fund
Gross assets
Minimum
Owners
Adviser
HRG Appreciation Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$71.7M
Minimum$250K
Owners82
AdviserUsca Asset Management LLC
Usca Absolute Return Strategies, L.P.
Delaware, United StatesHedge fund
Gross assets$23.2M
Minimum$250K
Owners15
AdviserUsca Asset Management LLC
Usca Viking Global Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$9.6M
Minimum$250K
Owners73
AdviserUsca Asset Management LLC
Usca Tiger Global Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$7.2M
Minimum$250K
Owners78
AdviserUsca Asset Management LLC
Usca Casdin Private Growth Equity Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$6.1M
Minimum$250K
Owners73
AdviserUsca Asset Management LLC
Usca Bling Capital Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$4.1M
Minimum$250K
Owners56
AdviserUsca Asset Management LLC
Usca Fall Line Farms Fund III Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$4.0M
Minimum$250K
Owners11
AdviserUsca Asset Management LLC
Usca Signia Venture Partners IV, LP Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$3.6M
Minimum$250K
Owners73
AdviserUsca Asset Management LLC
Usca Alkeon Innovation Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$3.5M
Minimum$250K
Owners66
AdviserUsca Asset Management LLC
Usca Fall Line Altitude Fund, LP Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$2.7M
Minimum$250K
Owners65
AdviserUsca Asset Management LLC
Usca Mbx Capital II, LP Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$2.6M
Minimum$250K
Owners59
AdviserUsca Asset Management LLC
Usca Prime Movers Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$2.1M
Minimum$250K
Owners71
AdviserUsca Asset Management LLC
Usca Orthogon Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.6M
Minimum$250K
Owners18
AdviserUsca Asset Management LLC
Usca Cleo Capital Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.3M
Minimum$250K
Owners20
AdviserUsca Asset Management LLC
Usca Contrary Capital III Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.2M
Minimum$250K
Owners18
AdviserUsca Asset Management LLC
Usca Traverse Fund IV Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.2M
Minimum$250K
Owners68
AdviserUsca Asset Management LLC
Usca Blank Ventures Fund I, LP Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.1M
Minimum$250K
Owners55
AdviserUsca Asset Management LLC
Usca Braavos Capital Fund II Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.1M
Minimum$250K
Owners18
AdviserUsca Asset Management LLC
Usca Commonfund Venture Partners XIV Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.1M
Minimum$250K
Owners67
AdviserUsca Asset Management LLC
Usca Escondido Fund II Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$971K
Minimum$250K
Owners55
AdviserUsca Asset Management LLC
Usca Commonfund Venture Direct Opportunities Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$958K
Minimum$250K
Owners67
AdviserUsca Asset Management LLC
Usca Prime Movers Fund III Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$689K
Minimum$250K
Owners27
AdviserUsca Asset Management LLC
Usca Contrary Capital IV Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$581K
Minimum$250K
Owners14
AdviserUsca Asset Management LLC
As reported in the adviser's Form ADV filed Nov 21, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (1)
Fund
Gross assets
Minimum
Owners
Adviser
Usca Futurum Co-Investment Opportunities Fund Segregated Portfolio
Delaware, United StatesVenture capital fund
Gross assets$1.8M
Minimum$250K
Owners18
AdviserUsca Asset Management LLC
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
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