Investment adviser · CRD 161386

HEP PARTNERS LLC

Investment adviser filing (IA)

DALLAS, TX, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $258M
Client accounts: 10
Employees: 8
Advisory professionals: 5

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	10	$257,907,470	100.0%

Filing source

Form ADV 2083611 · Mar 31, 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

27 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.

HH-BU LPPrivate Equity Fund · Last reported Mar 31, 2026$96.6MGross asset value

Form D fundraising filings

HSEF I BU CO-INVEST, L.P.

Fund administrator COBALT FUND SERVICES DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE 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: Yes
External marketing: No

WEAVER AND TIDWELL, LLP
PCAOB 410

JPMORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-5038464709
Reported beneficial owners: 15
Minimum commitment: $0
Form D file number: 021-425728

Form ADV 2083611 · Mar 31, 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.

HHEP-GAM LPPrivate Equity Fund · Last reported Mar 31, 2026$43.7MGross asset value

Form D fundraising filings

HHEP-GAM LP

Fund administrator COBALT FUND SERVICES DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE 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: Yes
External marketing: No

WEAVER AND TIDWELL, LLP
PCAOB 410

JPMORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-3094614463
Reported beneficial owners: 12
Minimum commitment: $0
Form D file number: 021-403301

Form ADV 2083611 · Mar 31, 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.

HH-UTILITY II LPPrivate Equity Fund · Last reported Mar 31, 2026$39.9MGross asset value

Fund administrator COBALT FUND SERVICES DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE BANK NA DALLAS, Texas, United States Related to adviser: No

Custodian TOLLESON PRIVATE BANK DALLAS, Texas, 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

WEAVER AND TIDWELL, LLP
PCAOB 410

JPMORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

TOLLESON PRIVATE BANK
LEI 549300LBSJDS5R7PIK62

Fund details & source

Fund ID: 805-6158237574
Reported beneficial owners: 16
Minimum commitment: $0

Form ADV 2083611 · Mar 31, 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.

HHEP-DIRECTIONAL, L.P.Private Equity Fund · Last reported Mar 31, 2026$24.3MGross asset value

Form D fundraising filings

HHEP-Directional, L.P.

Fund administrator COBALT FUND SERVICES DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE BANK NA DALLAS, Texas, United States Related to adviser: No

Custodian TOLLESON PRIVATE BANK DALLAS, Texas, 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

WEAVER AND TIDWELL, LLP
PCAOB 410

JPMORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

TOLLESON PRIVATE BANK
LEI 549300LBSJDS5R7PIK62

Fund details & source

Fund ID: 805-9752680484
Reported beneficial owners: 35
Minimum commitment: $0
Form D file number: 021-257787

Form ADV 2083611 · Mar 31, 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.

HH-TVSHKA KSM, LPPrivate Equity Fund · Last reported Mar 31, 2026$20MGross asset value

Form D fundraising filings

HH-Tvshka KSM, LP

Fund administrator COBALT FUND SERVICES DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE 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: Yes
External marketing: No

WEAVER AND TIDWELL, LLP
PCAOB 410

JPMORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-9922635491
Reported beneficial owners: 1
Minimum commitment: $0
Form D file number: 021-569082

Form ADV 2083611 · Mar 31, 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.

HH-GEM LPPrivate Equity Fund · Last reported Mar 31, 2026$15.4MGross asset value

Form D fundraising filings

HH-GEM LP

Fund administrator COBALT FUND SERVICES DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE 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: Yes
External marketing: No

WEAVER AND TIDWELL, LLP
PCAOB 410

JPMORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-5217894495
Reported beneficial owners: 26
Minimum commitment: $0
Form D file number: 021-347999

Form ADV 2083611 · Mar 31, 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.

HH-KSM LPPrivate Equity Fund · Last reported Mar 31, 2026$10.3MGross asset value

Form D fundraising filings

HH-KSM LP

Fund administrator COBALT FUND SERVICES DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian JPMORGAN CHASE 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: Yes
External marketing: No

WEAVER AND TIDWELL, LLP
PCAOB 410

JPMORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-1443788177
Reported beneficial owners: 10
Minimum commitment: $0
Form D file number: 021-569078

Form ADV 2083611 · Mar 31, 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 31, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

2200 ROSS AVENUE, SUITE 4600W
DALLAS, TX, 75201, United States

CRD 161386

Filing source

Form ADV 2083611 · Mar 31, 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.