Form D · Hedge Fund

Salient MLP & Midstream Income Fund, LP

Houston, TX · CIK 0001685892

Offering snapshot reported Dec 20, 2019 · SEC filing

Reported sold: $30.4M
Investors reported: 28
Minimum accepted: $250K
First sale: Oct 17, 2016

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$30,656,000 → $30,406,000
Reported investors29 → 28

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 20, 2019	Amendment	$30,406,000	-$250,000vs Dec 21, 2018	28	SEC filing
Dec 21, 2018	Amendment	$30,656,000	No comparison	29	SEC filing
Dec 14, 2017	Amendment	$30,406,000	$12,656,000vs Oct 27, 2016	28	SEC filing
Oct 27, 2016	Amendment	$17,750,000	No comparison	10	SEC filing
Oct 14, 2016	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $131K
Finders' fees: $0
Form D file number: 021-272490

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Salient Capital, L.P.	147912
Applied Capital, LLC	166316
PHILLIP MICHAEL PLANT	364393	HERNDON PLANT OAKLEY, LTD. · CRD 44971
Hightower Securities, LLC	116681

Source: Form D, filed Dec 20, 2019. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

SALIENT MLP & MIDSTREAM INCOME FUND, L.P.

Investment adviser: SALIENT CAPITAL ADVISORS, LLC

Gross asset value: $21.5M
Beneficial owners: 19
ADV minimum commitment: $250K

Reported in Form ADV on Nov 5, 2020. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. IRVING, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BKD, LLP DALLAS, Texas, United States

Custodian CITIBANK, N.A. NEW YORK, New York, United States Related to adviser: No

Marketer FNEX CAPITAL, LLC INDIANAPOLIS, Indiana, United States Related to adviser: No

Marketer HERNDON PLANT OAKLEY LTD CORPUS CHRISTI, Texas, United States Related to adviser: No

Marketer HIGHTOWER SECURITIES, LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer SALIENT CAPITAL L.P. HOUSTON, Texas, United States Related to adviser: Yes

Provider details

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

BKD, LLP
PCAOB 686

FNEX CAPITAL, LLC
CRD 166316 · SEC 8-69199

HERNDON PLANT OAKLEY LTD
CRD 44971 · SEC 801-55675

HIGHTOWER SECURITIES, LLC
CRD 116681 · SEC 8-53560

SALIENT CAPITAL L.P.
CRD 147912 · SEC 8-67938

Filing source

Form ADV 1466282 · Nov 5, 2020 · Schedule D 7.B.(1), fund 805-2768607890

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Paul Bachtold	Executive
Kristen Bayazitoglu	Executive
John A. Blaisdell	Executive
F. Theodore Gardner, Iii	Executive
Lee G. Partridge	Executive
Jeremy L. Radcliffe	Executive
Gregory A. Reid	Executive
N/A Salient Capital Management, Llc	Executive
N/A Salient Mlp Gp, Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

4265 San Felipe, 8 Th Floor
Houston, TX, 77027