Investment adviser · CRD 131417

CPMG, INC.

Investment adviser filing (IA)

DALLAS, TX, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $856M
Client accounts: 26
Employees: 7
Advisory professionals: 2

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	26	$855,773,000	100.0%

Filing source

Form ADV 2080764 · Mar 30, 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

49 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.

MALLARD FUND, L.P.Private Equity Fund · Last reported Mar 30, 2026$59.4MGross asset value

Form D fundraising filings

Mallard Fund, L.P.

Auditor LANE GORMAN TRUBITT, LLC DALLAS, Texas, United States

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No

Custodian TEXAS CAPITAL BANK, N.A. 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

LANE GORMAN TRUBITT, LLC
PCAOB 508

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

TEXAS CAPITAL BANK, N.A.
LEI 38PG5GG0OEQK4QMSKE59

Fund details & source

Fund ID: 805-3052667103
Reported beneficial owners: 6
Minimum commitment: $0
Form D file number: 021-131834

Form ADV 2080764 · Mar 30, 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.

GYRFALCON, LPPrivate Equity Fund · Last reported Mar 30, 2026$49.6MGross asset value

Form D fundraising filings

Gyrfalcon, LP

Auditor LANE GORMAN TRUBITT DALLAS, Texas, United States

Custodian TEXAS CAPITAL BANK, NA 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

LANE GORMAN TRUBITT
PCAOB 508

Fund details & source

Fund ID: 805-2627410917
Reported beneficial owners: 50
Minimum commitment: $0
Form D file number: 021-528564

Form ADV 2080764 · Mar 30, 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.

SNOWY OWL, LPPrivate Equity Fund · Last reported Mar 30, 2026$40.7MGross asset value

Form D fundraising filings

Snowy Owl, LP

Auditor LANE GORMAN TRUBITT, LLC DALLAS, Texas, United States

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No

Custodian TEXAS CAPITAL BANK, N.A. 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

LANE GORMAN TRUBITT, LLC
PCAOB 508

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

TEXAS CAPITAL BANK, N.A.
LEI 38PG5GG0OEQK4QMSKE59

Fund details & source

Fund ID: 805-8099617640
Reported beneficial owners: 58
Minimum commitment: $0
Form D file number: 021-431277

Form ADV 2080764 · Mar 30, 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.

YELLOW WARBLER, L.P.Private Equity Fund · Last reported Mar 30, 2026$40MGross asset value

Form D fundraising filings

Yellow Warbler, LP

Auditor LANE GORMAN TRUBITT, LLC DALLAS, Texas, United States

Custodian FIDELITY BROKERAGE SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No

Custodian TEXAS CAPITAL BANK, NA 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

LANE GORMAN TRUBITT, LLC
PCAOB 508

FIDELITY BROKERAGE SERVICES LLC
SEC 8-23292

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Fund details & source

Fund ID: 805-6230880988
Reported beneficial owners: 6
Minimum commitment: $0
Form D file number: 021-131833

Form ADV 2080764 · Mar 30, 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.

KESTREL FUND, L.P.Private Equity Fund · Last reported Mar 30, 2026$36.2MGross asset value

Form D fundraising filings

Kestrel Fund, L.P.

Auditor LANE GORMAN TRUBITT, LLC DALLAS, Texas, United States

Custodian AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC BROOKLYN, New York, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No

Custodian NEVADA AGENCY AND TRANSFER COMPANY RENO, Nevada, United States Related to adviser: No

Custodian TEXAS CAPITAL BANK, NA 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

LANE GORMAN TRUBITT, LLC
PCAOB 508

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Fund details & source

Fund ID: 805-2345106881
Reported beneficial owners: 59
Minimum commitment: $0
Form D file number: 021-73335

Form ADV 2080764 · Mar 30, 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.

WHIMBREL PARTNERS, LPPrivate Equity Fund · Last reported Mar 30, 2026$33.7MGross asset value

Form D fundraising filings

Whimbrel Partners, LP

Auditor LANE GORMAN TRUBITT, LLC DALLAS, Texas, United States

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No

Custodian TEXAS CAPITAL BANK, NA PLANO, 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

LANE GORMAN TRUBITT, LLC
PCAOB 508

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Fund details & source

Fund ID: 805-4429305811
Reported beneficial owners: 64
Minimum commitment: $0
Form D file number: 021-357507

Form ADV 2080764 · Mar 30, 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.

KILLDEER FUND, L.P.Private Equity Fund · Last reported Mar 30, 2026$23MGross asset value

Auditor LANE GORMAN TRUBITT, LLC DALLAS, Texas, United States

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, United States Related to adviser: No

Custodian TEXAS CAPITAL BANK, NA 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

LANE GORMAN TRUBITT, LLC
PCAOB 508

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Fund details & source

Fund ID: 805-2840091024
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2080764 · Mar 30, 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: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

4215 WEST LOVERS LANE, SUITE 100
DALLAS, TX, 75209, United States

CRD 131417

Filing source

Form ADV 2080764 · Mar 30, 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.