Investment adviser · CRD 104948

HIGHLAND ASSOCIATES INC

Investment adviser filing (IA)

BIRMINGHAM, AL, United States · Form ADV filed Jul 29, 2026

Regulatory AUM: $21B
Client accounts: 61
Employees: 19
Advisory professionals: 18

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
Corporations & businesses	23	$12,158,811,317	57.9%
Retirement plans	16	$6,177,298,748	29.4%
Pooled investment vehicles	4	$1,483,246,004	7.1%
Charities	15	$692,664,566	3.3%
Insurance companies	7	$478,794,545	2.3%

Filing source

Form ADV 2119322 · Jul 29, 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

6 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.

CAHABA PARTNERS EQUITY PLUS FUNDOther Private Fund · Last reported Jul 29, 2026$784MGross asset value

Form D fundraising filings

Cahaba Partners Equity Plus Fund

Fund administrator GLOBAL TRUST COMPANY WOBURN, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PWC BOSTON, Massachusetts, United States

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Prime broker MORGAN STANLEY CAPITAL MARKETS NEW YORK, New York, United States

Provider details

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

PWC
PCAOB 67

Fund details & source

Fund ID: 805-2808614878
Reported beneficial owners: 14
Minimum commitment: $1M
Form D file number: 021-322903

Form ADV 2119322 · Jul 29, 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.

CAHABA PARTNERS CORE FIXED INCOME FUNDOther Private Fund · Last reported Jul 29, 2026$447MGross asset value

Form D fundraising filings

Cahaba Partners Core Fixed Income Fund

Fund administrator GLOBAL TRUST COMPANY WOBURN, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PWC BOSTON, Massachusetts, United States

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, 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

PWC
PCAOB 67

THE BANK OF NEW YORK MELLON
SEC 8-160223

Fund details & source

Fund ID: 805-6494383197
Reported beneficial owners: 12
Minimum commitment: $1M
Form D file number: 021-246548

Form ADV 2119322 · Jul 29, 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.

CAHABA PARTNERS TOTAL RETURN FUNDOther Private Fund · Last reported Jul 29, 2026$218MGross asset value

Feeder funds

CAHABA PARTNERS TOTAL RETURN FUND LTD

Fund administrator GLOBAL TRUST COMPANY WOBURN, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PWC BOSTON, Massachusetts, United States

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Prime broker MORGAN STANLEY CAPITAL SERVICES, INC. NEW YORK, New York, United States

Provider details

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

PWC
PCAOB 67

Fund details & source

Fund ID: 805-5543923944
Reported beneficial owners: 1
Minimum commitment: $1M
Form D file number: 021-25874

Form ADV 2119322 · Jul 29, 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.

CAHABA PARTNERS PUBLIC INFLATION HEDGES FUNDOther Private Fund · Last reported Jul 29, 2026$157MGross asset value

Form D fundraising filings

Cahaba Partners Public Inflation Hedges Fund

Fund administrator GLOBAL TRUST COMPANY WOBURN, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PWC BOSTON, Massachusetts, United States

Custodian THE BANK OF NEW YORK MELLON EVERETT, Massachusetts, 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

PWC
PCAOB 67

THE BANK OF NEW YORK MELLON
SEC 8-160223

Fund details & source

Fund ID: 805-7283962686
Reported beneficial owners: 19
Minimum commitment: $1M
Form D file number: 021-246565

Form ADV 2119322 · Jul 29, 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.

HIGHLAND EQUITY FUNDOther Private Fund · Last reported Mar 30, 2021$1.84BGross asset value

Form D fundraising filings

Highland Equity Fund

Fund administrator GLOBAL TRUST COMPANY WOBURN, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PWC BOSTON, Massachusetts, United States

Custodian THE BANK OF NEW YORK MELLON EVERETTE, Massachusetts, 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

PWC
PCAOB 67

THE BANK OF NEW YORK MELLON
SEC 8-160223

Fund details & source

Fund ID: 805-2390126831
Reported beneficial owners: 14
Minimum commitment: $1M
Form D file number: 021-246556

Form ADV 1512037 · Mar 30, 2021 · 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.

CAHABA PARTNERS TACTICAL EQUITY PROGRAMOther Private Fund · Last reported Nov 4, 2024$897MGross asset value

Form D fundraising filings

Cahaba Partners Tactical Equity Fund

Fund administrator GLOBAL TRUST COMPANY WOBURN, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PWC BOSTON, Massachusetts, United States

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Prime broker MORGAN STANLEY CAPITAL MARKETS NEW YORK, New York, United States

Provider details

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

PWC
PCAOB 67

Fund details & source

Fund ID: 805-4998964855
Reported beneficial owners: 18
Minimum commitment: $1M
Form D file number: 021-348455

Form ADV 1910575 · Nov 4, 2024 · 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: Jul 29, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management · Pension consulting · Selection of other advisers

Compensation

Percentage of assets · Fixed

Principal office

2545 HIGHLAND AVENUE SOUTH, SUITE 200
BIRMINGHAM, AL, 35205, United States

CRD 104948

Filing source

Form ADV 2119322 · Jul 29, 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.