Investment adviser · CRD 336371

PAN CAPITAL MANAGEMENT LP

Investment adviser filing (IA)

HOUSTON, TX, United States · Form ADV filed Jan 16, 2026

Regulatory AUM: $3.08B
Client accounts: 14
Employees: 43
Advisory professionals: 30

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	11	$2,314,188,137	75.2%
Corporations & businesses	Fewer than 5	$764,698,812	24.8%

Filing source

Form ADV 2041930 · Jan 16, 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.

PAN CAPITAL ENERGY FUND LPHedge Fund · Last reported Jan 16, 2026$2.09BGross asset value

Form D fundraising filings

Pan Capital Energy Fund, LP

Feeder funds

PAN CAPITAL ENERGY OFFSHORE FUND LTD

Fund administrator NAV CONSULTING INC OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP GRAND CAYMAN, Cayman Islands

Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No

Custodian SG AMERICAS SECURITIES, LLC NEW YORK, New York, United States Related to adviser: No

Marketer THALES CAPITAL PARTNERS LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer TROWBRIDGE TRADING INC. DETROIT, Michigan, United States Related to adviser: No

Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States

Prime broker SG AMERICAS SECURITIES, 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: Yes

KPMG LLP
PCAOB 1323

BOFA SECURITIES, INC.
SEC 8-69787

SG AMERICAS SECURITIES, LLC
SEC 8-66125

THALES CAPITAL PARTNERS LLC
CRD 172125 · SEC 8-69498

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

SG AMERICAS SECURITIES, LLC
CRD 128351 · SEC 8-66125

Fund details & source

Fund ID: 805-8513231087
Reported beneficial owners: 2
Minimum commitment: $1M
Form D file number: 021-197060

Form ADV 2041930 · Jan 16, 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.

PAN CAPITAL GLOBAL MULTI STRATEGY MASTER FUND LPHedge Fund · Last reported Jan 16, 2026$896MGross asset value

Feeder funds

Fund administrator NAV CONSULTING INC OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP GRAND CAYMAN, Cayman Islands

Custodian NORTHERN TRUST SECURITIES, INC. CHICAGO, Illinois, United States Related to adviser: No

Custodian SG AMERICAS SECURITIES, LLC NEW YORK, New York, United States Related to adviser: No

Marketer THALES CAPITAL PARTNERS LLC CHICAGO, Illinois, United States Related to adviser: No

Prime broker SG AMERICAS SECURITIES, 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: Yes

KPMG LLP
PCAOB 1323

NORTHERN TRUST SECURITIES, INC.
SEC 8-23689

SG AMERICAS SECURITIES, LLC
SEC 8-66125

THALES CAPITAL PARTNERS LLC
CRD 172125 · SEC 8-69498

SG AMERICAS SECURITIES, LLC
CRD 128351 · SEC 8-66125

Fund details & source

Fund ID: 805-6915334361
Reported beneficial owners: 0
Minimum commitment: $5M

Form ADV 2041930 · Jan 16, 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.

PAN RESOURCES OPPORTUNITY FUND LPPrivate Equity Fund · Last reported Jan 16, 2026$174MGross asset value

Form D fundraising filings

Pan Resources Opportunity Fund LP

Feeder funds

PAN RESOURCES OFFSHORE FEEDER FUND LP

Fund administrator NAV CONSULTING INC OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP GRAND CAYMAN, Cayman Islands

Custodian U.S. BANCORP ADVISORS, LLC GLENDALE, California, 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

KPMG LLP
PCAOB 1323

U.S. BANCORP ADVISORS, LLC
SEC 8-30706

Fund details & source

Fund ID: 805-2123094978
Reported beneficial owners: 4
Minimum commitment: $1M
Form D file number: 021-443596

Form ADV 2041930 · Jan 16, 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.

PAN ENERGY INFRASTRUCTURE FUNDPrivate Equity Fund · Last reported Jan 16, 2026$79MGross asset value

Form D fundraising filings

Pan Energy Infrastructure 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 KPMG LLP GRAND CAYMAN, Cayman Islands

Custodian U.S. BANCORP ADVISORS, LLC GLENDALE, California, 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

KPMG LLP
PCAOB 1323

U.S. BANCORP ADVISORS, LLC
SEC 8-30706

Fund details & source

Fund ID: 805-1010240918
Reported beneficial owners: 4
Minimum commitment: $1M
Form D file number: 021-461267

Form ADV 2041930 · Jan 16, 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.

SAGE MESA MARKETING & TRADING LLCPrivate Equity Fund · Last reported Jan 16, 2026$32.4MGross asset value

Fund administrator NAV CONSULTING INC OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP GRAND CAYMAN, Cayman Islands

Custodian STONEX FINANCIAL INC. WINTER PARK, Florida, United States Related to adviser: No

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: No

KPMG LLP
PCAOB 1323

STONEX FINANCIAL INC.
SEC 8-51269

STONEX FINANCIAL INC.
CRD 45993 · SEC 8-51269

Fund details & source

Fund ID: 805-5870717161
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2041930 · Jan 16, 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.

PAN COMMODITIES OPPORTUNITIES FUND LPPrivate Equity Fund · Last reported Jan 16, 2026$32.2MGross asset value

Form D fundraising filings

Pan Commodities Opportunities Fund, LP

Feeder funds

PAN COMMODITIES OPPORTUNITIES FEEDER FUND LP

Fund administrator NAV CONSULTING INC OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP GRAND CAYMAN, Cayman Islands

Custodian NORTHERN TRUST SECURITIES, INC. CHICAGO, Illinois, United States Related to adviser: No

Custodian STONEX FINANCIAL INC. WINTER PARK, Florida, United States Related to adviser: No

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: No

KPMG LLP
PCAOB 1323

NORTHERN TRUST SECURITIES, INC.
SEC 8-23689

STONEX FINANCIAL INC.
SEC 8-51269

STONEX FINANCIAL INC.
CRD 45993 · SEC 8-51269

Fund details & source

Fund ID: 805-7523171477
Reported beneficial owners: 4
Minimum commitment: $10M
Form D file number: 021-512583

Form ADV 2041930 · Jan 16, 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: Jan 16, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

3040 POST OAK BLVD., SUITE 1088
HOUSTON, TX, 77056, United States

CRD 336371

Filing source

Form ADV 2041930 · Jan 16, 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.