Investment adviser · CRD 144278

COMMERCE STREET INVESTMENT MANAGEMENT

Investment adviser filing (IA)

COMMERCE STREET INVESTMENT ADVISOR, LLC

DALLAS, TX, United States · Form ADV filed Sep 24, 2026

Regulatory AUM: $891M
Client accounts: 64
Employees: 14
Advisory professionals: 10

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
Retirement plans	47	$590,694,320	66.3%
Charities	6	$186,185,830	20.9%
Pooled investment vehicles	2	$85,956,313	9.6%
Corporations & businesses	2	$22,840,669	2.6%
High-net-worth individuals	5	$3,100,627	0.3%
Other clients	2	$2,508,518	0.3%

Filing source

Form ADV 2134656 · Sep 24, 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

13 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.

COMMERCE STREET FINANCIAL PARTNERS II, LPPrivate Equity Fund · Last reported Sep 24, 2026$78MGross asset value

Form D fundraising filings

Commerce Street Financial Partners II, LP

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNER AMPER LP SAN FRANCISCO, California, United States

Custodian RAYMOND JAMES & ASSOCIATES, INC. ST PETERSBURG, Florida, United States Related to adviser: No

Marketer NC SECURITIES, LLC ROCKVILLE, Maryland, 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

EISNER AMPER LP
PCAOB 274

RAYMOND JAMES & ASSOCIATES, INC.
SEC 8-10999

NC SECURITIES, LLC
CRD 141074 · SEC 8-67360

Fund details & source

Fund ID: 805-7160339418
Reported beneficial owners: 40
Minimum commitment: $1M
Form D file number: 021-377265

Form ADV 2134656 · Sep 24, 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.

COMMERCE STREET CARLYLE PRIVATE EQUITY FUND I, LPPrivate Equity Fund · Last reported Sep 24, 2026$7.94MGross asset value

Form D fundraising filings

Commerce Street Keefe Ventures Fund, III LP

Fund administrator US BANCORP FUND SERVICES LLC CINCINNATI, Ohio, United States Investor statements: Yes (provided to all investors) Related to adviser: Yes

Auditor EISNER AMPER LLP SAN FRANCISCO, California, United States

Provider details

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

EISNER AMPER LLP
PCAOB 274

Fund details & source

Fund ID: 805-6953017545
Reported beneficial owners: 35
Minimum commitment: $250K
Form D file number: 021-254819

Form ADV 2134656 · Sep 24, 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.

COMMERCE STREET INCOME PARTNERS II, LPPrivate Equity Fund · Last reported Nov 22, 2013$141MGross asset value

Form D fundraising filings

Commerce Street Income Partners II, L.P.

Feeder funds

COMMERCE STREET INCOME PARTNERS II, LTD.

Auditor ROTHSTEIN KASS DALLAS, Texas, United States

Custodian APEX CLEARING CORPORATION DALLAS, Texas, United States Related to adviser: No

Provider details

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

APEX CLEARING CORPORATION
SEC 8-23522

Fund details & source

Fund ID: 805-8742634804
Reported beneficial owners: 20
Minimum commitment: $1M
Form D file number: 021-131581

Form ADV 768143 · Nov 22, 2013 · 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.

COMMERCE STREET INCOME PARTNERS, LPPrivate Equity Fund · Last reported May 27, 2014$43.1MGross asset value

Feeder funds

COMMERCE STREET INCOME PARTNERS, LTD.

Auditor ROTHSTEIN KASS DALLAS, Texas, United States

Custodian RAYMOND JAMES & ASSOCIATES, INC. ST. PETERSBURG, Florida, United States Related to adviser: No

Provider details

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

RAYMOND JAMES & ASSOCIATES, INC.
SEC 8-10999

Fund details & source

Fund ID: 805-8514095434
Reported beneficial owners: 55
Minimum commitment: $500K
Form D file number: 021-104844

Form ADV 820903 · May 27, 2014 · 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.

COMMERCE STREET KEEFE VENTURES FUND IV, LPPrivate Equity Fund · Last reported Jan 9, 2023$23.1MGross asset value

Form D fundraising filings

Commerce Street Keefe Ventures Fund IV, LP

Auditor EISNER AMPER LP SAN FRANCISCO, California, United States

Custodian RAYMOND JAMES & ASSOCIATES, INC. ST PETERSBURG, Florida, United States Related to adviser: No

Provider details

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

EISNER AMPER LP
PCAOB 274

RAYMOND JAMES & ASSOCIATES, INC.
SEC 8-10999

Fund details & source

Fund ID: 805-8065370856
Reported beneficial owners: 62
Minimum commitment: $50K
Form D file number: 021-309108

Form ADV 1698997 · Jan 9, 2023 · 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.

COMMERCE STREET FINANCIAL PARTNERS, LPPrivate Equity Fund · Last reported Jun 1, 2018$11.5MGross asset value

Auditor EISNERAMPER LLP SAN FRANCISCO, California, United States

Custodian RAYMOND JAMES & ASSOCIATES, INC. ST PETERSBURG, Florida, United States Related to adviser: No

Provider details

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

EISNERAMPER LLP
PCAOB 274

RAYMOND JAMES & ASSOCIATES, INC.
SEC 8-10999

Fund details & source

Fund ID: 805-9196810060
Reported beneficial owners: 0
Minimum commitment: $5M
Form D file number: 021-126112

Form ADV 1222117 · Jun 1, 2018 · 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.

COMMERCE STREET KEEFE VENTURES FUND III, LPPrivate Equity Fund · Last reported Jun 24, 2020$5.69MGross asset value

Auditor EISNER AMPER LP SAN FRANCISCO, California, United States

Custodian RAYMOND JAMES & ASSOCIATES, INC. ST PETERSBURG, Florida, United States Related to adviser: No

Provider details

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

EISNER AMPER LP
PCAOB 274

RAYMOND JAMES & ASSOCIATES, INC.
SEC 8-10999

Fund details & source

Fund ID: 805-2069461059
Reported beneficial owners: 36
Minimum commitment: $50K
Form D file number: 021-254819

Form ADV 1436121 · Jun 24, 2020 · 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: Sep 24, 2026. View historical filings

Reported services

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

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

1445 ROSS AVENUE, SUITE 2700
DALLAS, TX, 75202, United States

CRD 144278

Filing source

Form ADV 2134656 · Sep 24, 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.