Investment adviser · CRD 132975

NORCAP INVESTMENT MANAGEMENT, L.P.

Investment adviser filing (IA)

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

Regulatory AUM
$351M
Form ADV · Item 5.F
Client accounts
5
Accounts, not individual clients
Employees
8
Reported in this filing
Advisory professionals
6
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles5$350,562,550100.0%
Filing source

Form ADV 2060217 · 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

9 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.

NORCAP DIVERSIFIED PREMIUM FUND, L.P.Hedge Fund · Last reported Mar 31, 2026$220MGross asset value

Form D fundraising filings

NORCAP DIVERSIFIED PREMIUM FUND, L.P.

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER & TIDWELL, L.L.P. DALLAS, Texas, United States
Custodian APEX CLEARING CORPORATION DALLAS, Texas, United States Related to adviser: No
Custodian CHARLES SCHWAB & CO., INC. SAN FRANCISCO, California, United States Related to adviser: No
Custodian TEXAS REGIONAL BANK AUSTIN, Texas, United States Related to adviser: No
Marketer BLUE SAND SECURITIES LLC BETHESDA, Maryland, United States Related to adviser: No
Marketer LEO BROKERAGE, LLC BEDFORD, Texas, United States Related to adviser: No
Prime broker APEX CLEARING CORPORATION DALLAS, Texas, United States
Prime broker CHARLES SCHWAB & CO., INC. WESTLAKE, Texas, United States
Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States
Prime broker JEFFERIES LLC NEW YORK, New York, United States
Prime broker STONEX FINANCIAL INC. WINTER PARK, Florida, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

WEAVER & TIDWELL, L.L.P.
PCAOB 410

APEX CLEARING CORPORATION
SEC 8-23522

CHARLES SCHWAB & CO., INC.
SEC 8-16514

BLUE SAND SECURITIES LLC
CRD 142976 · SEC 8-67514

LEO BROKERAGE, LLC
CRD 109121 · SEC 8-53487

APEX CLEARING CORPORATION
CRD 13071 · SEC 8-23522

CHARLES SCHWAB & CO., INC.
CRD 5393 · SEC 8-16514

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

JEFFERIES LLC
CRD 2347 · SEC 8-15074

STONEX FINANCIAL INC.
CRD 45993 · SEC 8-51269

Fund details & source
Fund ID
805-5499009972
Reported beneficial owners
60
Minimum commitment
$1M
Form D file number
021-117668

Form ADV 2060217 · 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.

NORCAP PREMIUM PLUS FUND, L.P.Hedge Fund · Last reported Mar 31, 2026$64.7MGross asset value

Form D fundraising filings

NORCAP PREMIUM PLUS FUND, L.P.

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, L.L.P. DALLAS, Texas, United States
Custodian CHARLES SCHWAB & CO., INC. WESTLAKE, Texas, United States Related to adviser: No
Custodian TEXAS REGIONAL BANK AUSTIN, Texas, United States Related to adviser: No
Marketer BLUE SAND SECURITIES LLC BETHESDA, Maryland, United States Related to adviser: No
Marketer LEO BROKERAGE, LLC BEDFORD, Texas, United States Related to adviser: No
Prime broker CHARLES SCHWAB & CO., INC. WESTLAKE, Texas, United States
Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States
Prime broker STONEX FINANCIAL INC. WINTER PARK, Florida, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

WEAVER AND TIDWELL, L.L.P.
PCAOB 410

CHARLES SCHWAB & CO., INC.
SEC 8-16514

BLUE SAND SECURITIES LLC
CRD 142976 · SEC 8-67514

LEO BROKERAGE, LLC
CRD 109121 · SEC 8-53487

CHARLES SCHWAB & CO., INC.
CRD 5393 · SEC 8-16514

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

STONEX FINANCIAL INC.
CRD 45993 · SEC 8-51269

Fund details & source
Fund ID
805-9579422669
Reported beneficial owners
36
Minimum commitment
$500K
Form D file number
021-418517

Form ADV 2060217 · 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.

GOVPLUS FUND AI, L.P.Hedge Fund · Last reported Mar 31, 2026$64MGross asset value

Form D fundraising filings

GOVPLUS FUND AI LP

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, L.L.P. DALLAS, Texas, United States
Custodian APEX CLEARING CORPORATION DALLAS, Texas, United States Related to adviser: No
Custodian CHARLES SCHWAB & CO., INC. SAN FRANCISCO, California, United States Related to adviser: No
Custodian TEXAS REGIONAL BANK AUSTIN, Texas, United States Related to adviser: No
Marketer BLUE SAND SECURITIES LLC BETHESDA, Maryland, United States Related to adviser: No
Marketer LEO BROKERAGE, LLC BEDFORD, Texas, United States Related to adviser: No
Prime broker APEX CLEARING CORPORATION DALLAS, Texas, United States
Prime broker CHARLES SCHWAB & CO., INC. WESTLAKE, Texas, United States
Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States
Prime broker JEFFERIES LLC NEW YORK, New York, United States
Prime broker STONEX FINANCIAL INC. WINTER PARK, Florida, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

WEAVER AND TIDWELL, L.L.P.
PCAOB 410

APEX CLEARING CORPORATION
SEC 8-23522

CHARLES SCHWAB & CO., INC.
SEC 8-16514

BLUE SAND SECURITIES LLC
CRD 142976 · SEC 8-67514

LEO BROKERAGE, LLC
CRD 109121 · SEC 8-53487

APEX CLEARING CORPORATION
CRD 13071 · SEC 8-23522

CHARLES SCHWAB & CO., INC.
CRD 5393 · SEC 8-16514

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

JEFFERIES LLC
CRD 2347 · SEC 8-15074

STONEX FINANCIAL INC.
CRD 45993 · SEC 8-51269

Fund details & source
Fund ID
805-1206860044
Reported beneficial owners
54
Minimum commitment
$250K
Form D file number
021-117658

Form ADV 2060217 · 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.

SERIES A: NORCAP REAL ESTATE SECURITIES FUNDHedge Fund · Last reported Mar 31, 2026$1.8MGross asset value

Form D fundraising filings

Series A NorCap Real Estate Securities Fund

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, L.L.P. DALLAS, Texas, United States
Custodian TEXAS REGIONAL BANK AUSTIN, 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, L.L.P.
PCAOB 410

Fund details & source
Fund ID
805-9511015035
Reported beneficial owners
4
Minimum commitment
$500K
Form D file number
021-421147

Form ADV 2060217 · 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.

NORCAP SECURITIES FUND, L.P.Hedge Fund · Last reported Mar 31, 2026$0Gross asset value

Form D fundraising filings

NORCAP SECURITIES FUND, L.P.

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, L.L.P. DALLAS, Texas, United States
Custodian TEXAS REGIONAL BANK AUSTIN, 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, L.L.P.
PCAOB 410

Fund details & source
Fund ID
805-7576166596
Reported beneficial owners
0
Minimum commitment
$500K
Form D file number
021-419441

Form ADV 2060217 · 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.

NORCAP FIXEDPLUS FUND LPHedge Fund · Last reported Apr 26, 2018$2.92MGross asset value

Form D fundraising filings

Norcap FixedPlus Fund, L.P.

Fund administrator NAV CONSULTING, INC. OAK BROOK, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE DALLAS, Texas, United States
Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker JEFFERIES LLC 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

DELOITTE & TOUCHE
PCAOB 34

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Fund details & source
Fund ID
805-7430033004
Reported beneficial owners
7
Minimum commitment
$1M
Form D file number
021-283356

Form ADV 1213465 · Apr 26, 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.

NORCAP ALPHA FUND LPHedge Fund · Last reported Apr 26, 2018$0Gross asset value

Form D fundraising filings

Norcap Alpha Fund, L.P.

Fund administrator NAV CONSULTING, INC. OAK BROOK, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE DALLAS, Texas, United States
Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No
Prime broker JEFFERIES LLC 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

DELOITTE & TOUCHE
PCAOB 34

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Fund details & source
Fund ID
805-7265848339
Reported beneficial owners
0
Minimum commitment
$1M
Form D file number
021-286784

Form ADV 1213465 · Apr 26, 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.

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

15100 GEBRON DRIVE
AUSTIN, TX, 78734, United States

CRD 132975

Filing source

Form ADV 2060217 · 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.