Investment adviser · CRD 327580

503 CAPITAL PARTNERS, LLC

Investment adviser filing (IA)

LEAWOOD, KS, United States · Form ADV filed Apr 8, 2026

Regulatory AUM: $636M
Client accounts: 14
Employees: 14
Advisory professionals: 9

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	8	$392,545,627	61.7%
High-net-worth individuals	5	$213,755,935	33.6%
Charities	Fewer than 5	$30,146,223	4.7%

Filing source

Form ADV 2087213 · Apr 8, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

8 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

503 CAPITAL PARTNERS TAX EXEMPT CREDIT OPPORTUNITIES FUND II, LPHedge Fund · Last reported Apr 8, 2026$90.9MGross asset value

Form D fundraising filings

Ecofin Direct Social Impact Fund III, LP

Fund administrator U.S. BANCORP FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-5801289202
Reported beneficial owners: 278
Minimum commitment: $250K
Form D file number: 021-417962

Form ADV 2087213 · Apr 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

503 CAPITAL PARTNERS TAX EXEMPT CREDIT OPPORTUNITIES FUND III, LPHedge Fund · Last reported Apr 8, 2026$74.7MGross asset value

Form D fundraising filings

Ecofin Direct Social Impact Fund IV, LP

Fund administrator U.S. BANK FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-2862436901
Reported beneficial owners: 208
Minimum commitment: $250K
Form D file number: 021-474492

Form ADV 2087213 · Apr 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

503 CAPITAL PARTNERS TAX EXEMPT CREDIT OPPORTUNITIES FUND IV, LPHedge Fund · Last reported Apr 8, 2026$60MGross asset value

Form D fundraising filings

503 Capital Partners Tax Exempt Credit Opportunities Fund IV, LP

Fund administrator U.S. BANK FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-3677350826
Reported beneficial owners: 227
Minimum commitment: $250K
Form D file number: 021-532032

Form ADV 2087213 · Apr 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

503 EDUCATION ADVANCEMENT FUND, LPHedge Fund · Last reported Apr 8, 2026$48.4MGross asset value

Form D fundraising filings

503 Capital Partners Education Advancement Fund LP

Fund administrator U.S. BANK FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Marketer CAIS CAPITAL LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

CAIS CAPITAL LLC
CRD 154512 · SEC 8-68646

Fund details & source

Fund ID: 805-1797165329
Reported beneficial owners: 46
Minimum commitment: $250K
Form D file number: 021-532756

Form ADV 2087213 · Apr 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

503 CAPITAL PARTNERS SPECIAL SITUATION CREDIT FUND I, LPHedge Fund · Last reported Apr 8, 2026$40.3MGross asset value

Form D fundraising filings

503 CAPITAL PARTNERS SPECIAL SITUATION CREDIT FUND I, LP

Fund administrator U.S. BANK FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHEN & COMPANY, LTD CLEVELAND, Ohio, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

COHEN & COMPANY, LTD
PCAOB 925

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-4155374997
Reported beneficial owners: 15
Minimum commitment: $1M
Form D file number: 021-567799

Form ADV 2087213 · Apr 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

503 CAPITAL PARTNERS EDUCATION OPPORTUNITIES FUND, LPHedge Fund · Last reported Apr 8, 2026$15.2MGross asset value

Form D fundraising filings

Tortoise Education Opportunities Fund, LP

Fund administrator U.S. BANK FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-6310757511
Reported beneficial owners: 28
Minimum commitment: $250K
Form D file number: 021-369758

Form ADV 2087213 · Apr 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

503 CAPITAL PARTNERS TAX EXEMPT CREDIT OPPORTUNITIES FUND I, LPHedge Fund · Last reported Apr 8, 2026$8.45MGross asset value

Form D fundraising filings

Tortoise Direct Social Infrastructure Fund II, LP

Fund administrator U.S. BANK FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-4548327825
Reported beneficial owners: 189
Minimum commitment: $250K
Form D file number: 021-331724

Form ADV 2087213 · Apr 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Apr 8, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

4000 W. 114TH STREET, SUITE 260
LEAWOOD, KS, 66211, United States

CRD 327580

Filing source

Form ADV 2087213 · Apr 8, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.