Form D · Hedge Fund

Salient MLP TE Fund, L.P.

Houston, TX · CIK 0001540932

Offering snapshot reported May 4, 2017 · SEC filing

Reported sold
$57.5M
Indefinite offering
Investors reported
121
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Jan 23, 2012
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$28.8M$57.5MMar 12, 2012: $21,339,000.00Mar 12, 2012May 3, 2012: $30,478,000.00Jan 15, 2013: $34,781,000.00Mar 14, 2013: $34,991,000.00May 14, 2013: $36,096,000.00Jun 17, 2013: $38,311,900.00Aug 15, 2013: $41,881,640.00Dec 16, 2013: $45,633,740.00Jan 16, 2014: $46,781,889.00Apr 15, 2014: $49,496,125.00May 14, 2014: $50,751,125.00Jun 12, 2014: $51,641,125.00Nov 17, 2014: $54,724,125.00Mar 16, 2015: $55,386,875.00Apr 15, 2015: $56,345,875.00Apr 15, 2015: $56,345,875.00Aug 14, 2015: $57,253,875.00May 4, 2017: $57,514,289.00May 4, 2017

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$57,253,875 → $57,514,289
  • Reported investors90 → 121
  • Minimum accepted$500,000 → $250,000

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 4, 2017Amendment$57,514,289$260,414vs Aug 14, 2015121SEC filing
Aug 14, 2015Amendment$57,253,875$908,000vs Apr 15, 201590SEC filing
Apr 15, 2015Amendment$56,345,875$959,000vs Mar 16, 2015105SEC filing
Apr 15, 2015Amendment$56,345,875$959,000vs Mar 16, 2015105SEC filing
Mar 16, 2015Amendment$55,386,875$662,750vs Nov 17, 2014103SEC filing
Nov 17, 2014Amendment$54,724,125$3,083,000vs Jun 12, 2014103SEC filing
Jun 12, 2014Amendment$51,641,125$890,000vs May 14, 201495SEC filing
May 14, 2014Amendment$50,751,125$1,255,000vs Apr 15, 201493SEC filing
Apr 15, 2014Amendment$49,496,125$2,714,236vs Jan 16, 201493SEC filing
Jan 16, 2014Amendment$46,781,889$4,900,249vs Aug 15, 201385SEC filing
Dec 16, 2013Amendment$45,633,740$3,752,100vs Aug 15, 201389SEC filing
Aug 15, 2013Amendment$41,881,640$3,569,740vs Jun 17, 201376SEC filing
Jun 17, 2013Amendment$38,311,900$2,215,900vs May 14, 201367SEC filing
May 14, 2013Amendment$36,096,000$1,105,000vs Mar 14, 201366SEC filing
Mar 14, 2013Amendment$34,991,000$210,000vs Jan 15, 201366SEC filing
Jan 15, 2013Amendment$34,781,000$4,303,000vs May 3, 201263SEC filing
May 3, 2012Amendment$30,478,000$9,139,000vs Mar 12, 201249SEC filing
Mar 12, 2012Initial$21,339,000No comparison33SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$107K (estimated)
Finders' fees
$0
Form D file number
021-174714
The Issuer's advisor, an affiliate, pays from its own resources (including from amounts disclosed in item 16) sales compensation to financial intermediaries who assist with the Issuer's private placement of interests in the estimated annual amount above.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Craig Chambers Dawson5479491Salient Capital L.P. · CRD 147912
Matthew Paul Summers5584800Salient Capital L.P. · CRD 147912
J. Matthew Newtown3114846Salient Capital L.P. · CRD 147912
William W. Cathriner II1686950Salient Capital L.P. · CRD 147912
Stephen D. Strake4740408Salient Capital L.P. · CRD 147912
Andrew Linbeck1762524Salient Capital L.P. · CRD 147912
Luke A. Powell2605657Gordian Investments, LLC · CRD 158611
Fred L. Williams, Jr.2803138Salient Capital, L.P. · CRD 147912
Fieldpoint Private Securities LLC18975
Gregory A. Reid2176683Salient Capital, L.P. · CRD 147912
Phillip M. Plant364393HERNDON PLANT OAKLEY, LTD. · CRD 44971
William Scott Hill2307897Salient Capital, L.P. · CRD 147912

Source: Form D, filed May 4, 2017. 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 TE FUND, L.P.

Investment adviser: SALIENT CAPITAL ADVISORS, LLC

Gross asset value
$29.6M
Beneficial owners
56
ADV minimum commitment
$250K

Reported in Form ADV on Jun 6, 2018. 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 GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Marketer APPLIED CAPITAL, LLC INDIANAPOLIS, Indiana, United States Related to adviser: No
Marketer BEL AIR SECURITIES LLC LOS ANGELES, California, United States Related to adviser: No
Marketer FIELDPOINT PRIVATE SECURITIES LLC GREENWICH, Connecticut, United States Related to adviser: No
Marketer HERNDON PLANT OAKLEY LTD CORPUS CHRISTI, Texas, United States Related to adviser: No
Marketer SALIENT CAPITAL L.P. HOUSTON, Texas, United States Related to adviser: Yes
Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States
Prime broker MORGAN STANLEY & CO. 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

BKD, LLP
PCAOB 686

GOLDMAN SACHS & CO. LLC
SEC 8-129

MORGAN STANLEY & CO. LLC
SEC 8-15869

APPLIED CAPITAL, LLC
CRD 166316 · SEC 8-69199

BEL AIR SECURITIES LLC
CRD 134953 · SEC 8-66875

FIELDPOINT PRIVATE SECURITIES LLC
CRD 18975 · SEC 801-78295

HERNDON PLANT OAKLEY LTD
CRD 44971 · SEC 801-55675

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

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

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Filing source

Form ADV 1222885 · Jun 6, 2018 · Schedule D 7.B.(1), fund 805-8941012050

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
NameReported role
Paul A. Bachtold Executive
John A. Blaisdell Executive
J. Cole Dawson Executive
Andrew B. Linbeck Executive
N/A Rdg Capital Management Llc Executive
N/A Rdg Mlp Fund Gp Lp Executive
Greg Reid Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
4265 San Felipe Suite 800
Houston, TX, 77027