Investment adviser · CRD 114671

PRECEPT MANAGEMENT, LLC

Investment adviser filing (IA)

DALLAS, TX, United States · Form ADV filed Jul 1, 2026

Regulatory AUM: $5.41M
Client accounts: 3
Employees: 3
Advisory professionals: 3

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	3	$5,410,000	100.0%

Filing source

Form ADV 2116695 · Jul 1, 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

8 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.

THE PRECEPT FUND, L.P.Hedge Fund · Last reported Jul 1, 2026$9.7MGross asset value

Feeder funds

PRECEPT MANAGEMENT PARTNERS, L.P.

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SPICER JEFFRIES LLP GREENWOOD VILLAGE, Colorado, United States

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No

Custodian TEXAS CAPITAL BANK, NA DALLAS, Texas, United States Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCIATION HOMEWOOD, Alabama, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States

Provider details

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

SPICER JEFFRIES LLP
PCAOB 349

GOLDMAN SACHS & CO. LLC
SEC 8-129

INTERACTIVE BROKERS LLC
SEC 8-47257

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

Fund details & source

Fund ID: 805-8675150549
Reported beneficial owners: 1
Minimum commitment: $500K
Form D file number: 021-117138

Form ADV 2116695 · Jul 1, 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.

PRECEPT SPECIAL SITUATION FUND, L.P.Hedge Fund · Last reported Jul 1, 2026$2.94MGross asset value

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor CHERRY BEKAERT LLP RALEIGH, North Carolina, 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: Yes
External marketing: No

CHERRY BEKAERT LLP
PCAOB 677

Fund details & source

Fund ID: 805-1370509148
Reported beneficial owners: 10
Minimum commitment: $500K
Form D file number: 021-408987

Form ADV 2116695 · Jul 1, 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.

PRECEPT CREDIT OPPORTUNITIES FUND, L.P.Hedge Fund · Last reported Jul 1, 2026$350KGross asset value

Form D fundraising filings

Precept Special Situation Fund, L.P.

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor CHERRY BEKAERT LLP RALEIGH, North Carolina, 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: Yes
External marketing: No

CHERRY BEKAERT LLP
PCAOB 677

Fund details & source

Fund ID: 805-6817499134
Reported beneficial owners: 13
Minimum commitment: $500K
Form D file number: 021-139390

Form ADV 2116695 · Jul 1, 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.

PRECEPT CAPITAL MASTER FUNDHedge Fund · Last reported Mar 28, 2016$63.2MGross asset value

Feeder funds

THE PRECEPT FUND, L.P.
THE PRECEPT FUND (QP), L.P.
PRECEPT MANAGEMENT PARTNERS, L.P.
THE PRECEPT INTERNATIONAL FUND, LTD.

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SPICER JEFFRIES LLP GREENWOOD VILLAGE, Colorado, United States

Custodian APERTURE, LLC CHICAGO, Illinois, United States Related to adviser: No

Custodian GOLDMAN, SACHS & CO. NEW YORK, New York, United States Related to adviser: No

Custodian PERSHING LLC NEW JERSEY, New Jersey, United States Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCIATION HOMEWOOD, Alabama, United States Related to adviser: No

Prime broker GOLDMAN, SACHS & CO. NEW YORK, New York, United States

Prime broker PERSHING LLC NEW JERSEY, New Jersey, United States

Provider details

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

APERTURE, LLC
SEC 8-67735

GOLDMAN, SACHS & CO.
SEC 8-129

PERSHING LLC
SEC 8-17574

GOLDMAN, SACHS & CO.
CRD 361 · SEC 8-129

PERSHING LLC
CRD 7560 · SEC 8-17574

Fund details & source

Fund ID: 805-3831336505
Reported beneficial owners: 54
Minimum commitment: $0

Form ADV 992519 · Mar 28, 2016 · 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.

THE PRECEPT INTERNATIONAL FUND, LTD.Hedge Fund · Last reported Mar 28, 2022$38.9MGross asset value

Form D fundraising filings

PRECEPT INTERNATIONAL FUND LTD

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SPICER JEFFRIES LLP GREENWOOD VILLAGE, Colorado, United States

Custodian EFG BANK AG CAMANA BAY, GRAND CAYMAN, Cayman Islands Related to adviser: No

Custodian TEXAS CAPITAL BANK, NA DALLAS, Texas, United States Related to adviser: No

Prime broker EFG BANK AG CAMANA BAY, GRAND CAYMAN, Cayman Islands

Provider details

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

SPICER JEFFRIES LLP
PCAOB 349

EFG BANK AG
LEI 549300TBS2M2ML45V909

Fund details & source

Fund ID: 805-4329414187
Reported beneficial owners: 1
Minimum commitment: $500K
Form D file number: 021-129311

Form ADV 1616899 · Mar 28, 2022 · 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.

PRECEPT VENTURES 7, L.P.Hedge Fund · Last reported Mar 28, 2022$17.9MGross asset value

Form D fundraising filings

Precept Ventures 7, LP

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SPICER JEFFRIES LLP DENVER, Colorado, 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: Yes
External marketing: No

SPICER JEFFRIES LLP
PCAOB 349

Fund details & source

Fund ID: 805-3351715610
Reported beneficial owners: 66
Minimum commitment: $500K
Form D file number: 021-399682

Form ADV 1616899 · Mar 28, 2022 · 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.

PRECEPT SPECIAL SITUATION FUND, L.P.Hedge Fund · Last reported Mar 28, 2016$1.92MGross asset value

Fund administrator CASCADE PORTFOLIO ADMINISTRATION, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor SPICER JEFFRIES LLP GREENWOOD VILLAGE, Colorado, United States

Custodian PERSHING LLC NEW JERSEY, New Jersey, United States Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCATION HOMEWOOD, Alabama, United States Related to adviser: No

Prime broker PERSHING LLC NEW JERSEY, New Jersey, United States

Provider details

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

PERSHING LLC
SEC 8-17574

PERSHING LLC
CRD 7560 · SEC 8-17574

Fund details & source

Fund ID: 805-9895703332
Reported beneficial owners: 1
Minimum commitment: $500K
Form D file number: 021-139390

Form ADV 992519 · Mar 28, 2016 · 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 1, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

2323 CEDAR SPRINGS ROAD, SUITE 320
DALLAS, TX, 75201, United States

CRD 114671

Filing source

Form ADV 2116695 · Jul 1, 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.