Hedge fund profile
Precept Special Situation Fund, L.P.
Precept Special Situation Fund, L.P. is reported as a hedge fund in Form ADV private-fund disclosures. The adviser is Precept Management, LLC, based in Dallas, Texas, United States.
$2.9Mgross assets
$500Kminimum
10owners
3(c)(1)exemption
Disclosure fields
Fund facts
SEC private fund ID805-1370509148
Reference ID286084
JurisdictionTexas, United States
Fund of fundsNo
Master fundNo
Feeder fundNo
Non-US ownership0%
Assets valued0%
Annual auditYes
GAAPYes
Source periodMarch 2026
Date submitted03/31/2026 01:52:52 PM
Adviser
TypeRegistered investment adviser
SEC number801-66256
CRD114671
Regulatory AUM$5.4M
Compliance signals
Exempt from registration Sales limited No prime broker flag Custodians reported
Service providers
Reported counterparties
General partners
Precept Capital Management, L.P., General Partner
Auditors
CHERRY BEKAERT LLP
Custodians
TEXAS CAPITAL BANK, NA
Administrators
CASCADE PORTFOLIO ADMINISTRATION, LLC
Same adviser