Form D · Other Investment Fund

Salient MLP Total Return Fund, L.P.

Dallas, TX · CIK 0001589065

Offering snapshot reported Dec 17, 2025 · SEC filing

Reported sold
$1.34B
Indefinite offering
Investors reported
1,419
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Oct 4, 2013
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$672M$1.34BOct 16, 2013: $11,363,500.00Oct 16, 2013Nov 15, 2013: $12,211,400.00Nov 22, 2013: $14,561,400.00Dec 6, 2013: $18,251,400.00Dec 13, 2013: $27,808,234.00Dec 23, 2013: $28,554,400.00Jan 13, 2014: $91,630,400.00Jan 30, 2014: $101,729,279.00Feb 28, 2014: $112,329,279.00Mar 24, 2014: $130,444,279.00Apr 4, 2014: $151,525,279.00Apr 16, 2014: $175,778,874.00May 30, 2014: $196,227,874.00Jun 20, 2014: $201,279,933.00Jul 3, 2014: $220,932,932.00Aug 15, 2014: $245,278,238.00Sep 5, 2014: $244,878,238.00Sep 18, 2014: $251,428,238.00Dec 19, 2014: $284,680,303.00Jan 16, 2015: $304,876,877.00Apr 10, 2015: $364,450,276.00May 1, 2015: $383,512,142.00May 15, 2015: $391,556,142.00Jul 8, 2015: $466,664,241.00Aug 14, 2015: $475,798,420.00Sep 4, 2015: $471,131,778.00Oct 2, 2015: $436,387,205.00Dec 18, 2015: $405,852,866.00Dec 19, 2016: $843,049,333.00Dec 19, 2017: $1,021,497,735.00Dec 20, 2018: $1,249,541,727.00Dec 20, 2019: $1,303,412,996.00Dec 18, 2020: $1,327,679,996.00Dec 17, 2021: $1,331,279,996.00Dec 30, 2022: $1,343,401,496.00Dec 22, 2023: $1,343,401,496.00Dec 23, 2024: $1,343,501,496.00Dec 17, 2025: $1,343,751,496.00Dec 17, 2025

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$1,343,501,496 → $1,343,751,496
  • Reported investors1,418 → 1,419

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 17, 2025Amendment$1,343,751,496$250,000vs Dec 23, 20241,419SEC filing
Dec 23, 2024Amendment$1,343,501,496$100,000vs Dec 22, 20231,418SEC filing
Dec 22, 2023Amendment$1,343,401,496$0vs Dec 30, 20221,418SEC filing
Dec 30, 2022Amendment$1,343,401,496$12,121,500vs Dec 17, 20211,418SEC filing
Dec 17, 2021Amendment$1,331,279,996$3,600,000vs Dec 18, 20201,397SEC filing
Dec 18, 2020Amendment$1,327,679,996$24,267,000vs Dec 20, 20191,391SEC filing
Dec 20, 2019Amendment$1,303,412,996$53,871,269vs Dec 20, 20181,366SEC filing
Dec 20, 2018Amendment$1,249,541,727$228,043,992vs Dec 19, 20171,302SEC filing
Dec 19, 2017Amendment$1,021,497,735$178,448,402vs Dec 19, 20161,160SEC filing
Dec 19, 2016Amendment$843,049,333$437,196,467vs Dec 18, 2015959SEC filing
Dec 18, 2015Amendment$405,852,866-$30,534,339vs Oct 2, 2015660SEC filing
Oct 2, 2015Amendment$436,387,205-$34,744,573vs Sep 4, 2015610SEC filing
Sep 4, 2015Amendment$471,131,778-$4,666,642vs Aug 14, 2015582SEC filing
Aug 14, 2015Amendment$475,798,420$9,134,179vs Jul 8, 2015549SEC filing
Jul 8, 2015Amendment$466,664,241$75,108,099vs May 15, 2015521SEC filing
May 15, 2015Amendment$391,556,142$8,044,000vs May 1, 2015442SEC filing
May 1, 2015Amendment$383,512,142$19,061,866vs Apr 10, 2015432SEC filing
Apr 10, 2015Amendment$364,450,276$59,573,399vs Jan 16, 2015402SEC filing
Jan 16, 2015Amendment$304,876,877$20,196,574vs Dec 19, 2014339SEC filing
Dec 19, 2014Amendment$284,680,303$33,252,065vs Sep 18, 2014311SEC filing
Sep 18, 2014Amendment$251,428,238$6,550,000vs Sep 5, 2014290SEC filing
Sep 5, 2014Amendment$244,878,238-$400,000vs Aug 15, 2014283SEC filing
Aug 15, 2014Amendment$245,278,238$24,345,306vs Jul 3, 2014275SEC filing
Jul 3, 2014Amendment$220,932,932$19,652,999vs Jun 20, 2014254SEC filing
Jun 20, 2014Amendment$201,279,933$5,052,059vs May 30, 2014229SEC filing
May 30, 2014Amendment$196,227,874$20,449,000vs Apr 16, 2014225SEC filing
Apr 16, 2014Amendment$175,778,874$24,253,595vs Apr 4, 2014196SEC filing
Apr 4, 2014Amendment$151,525,279$21,081,000vs Mar 24, 2014171SEC filing
Mar 24, 2014Amendment$130,444,279$18,115,000vs Feb 28, 2014141SEC filing
Feb 28, 2014Amendment$112,329,279$10,600,000vs Jan 30, 2014111SEC filing
Jan 30, 2014Amendment$101,729,279$10,098,879vs Jan 13, 201496SEC filing
Jan 13, 2014Amendment$91,630,400$63,076,000vs Dec 23, 201375SEC filing
Dec 23, 2013Amendment$28,554,400$746,166vs Dec 13, 201360SEC filing
Dec 13, 2013Amendment$27,808,234$9,556,834vs Dec 6, 201354SEC filing
Dec 6, 2013Amendment$18,251,400$3,690,000vs Nov 22, 201335SEC filing
Nov 22, 2013Amendment$14,561,400$2,350,000vs Nov 15, 201322SEC filing
Nov 15, 2013Amendment$12,211,400$847,900vs Oct 16, 201315SEC filing
Oct 16, 2013Initial$11,363,500No comparison12SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$10.3M
Finders' fees
$0
Form D file number
021-204646
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
EDI Financial Inc.15699
UMB Financial Services, Inc.17073
Morgan Stanley Smith Barney LLC149777
Stifel, Nicolaus & Company, Incorporated793
USCA Securities, LLC103789
Salient Capital L.P.147912
Applied Capital, LLC166316
Hightower Securities LLC116681
ROCKEFELLER FINANCIAL LLC291361
SUNBELT SECURITIES, INC.42180

Source: Form D, filed Dec 17, 2025. 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 TOTAL RETURN FUND, L.P.

Investment adviser: WESTWOOD ADVISORS, L.L.C

Gross asset value
$164M
Beneficial owners
219
ADV minimum commitment
$250K

Reported in Form ADV on Apr 2, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ULTIMUS LEVERPORT CLIFTON PARK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor COHEN AND COMPANY CLEVELAND, Ohio, United States
Custodian US BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, United States Related to adviser: No
Marketer FNEX CAPITAL, LLC INDIANAPOLIS, Indiana, United States Related to adviser: No
Marketer HIGHTOWER SECURITIES, LLC CHICAGO, Illinois, United States Related to adviser: No
Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No
Marketer PNC CAPITAL MARKETS LLC PITTSBURGH, Pennsylvania, United States Related to adviser: No
Marketer ROCKEFELLER CAPITAL MANAGEMENT NEW YORK, New York, United States Related to adviser: No
Marketer SALIENT CAPITAL L.P. HOUSTON, Texas, United States Related to adviser: Yes
Marketer STIFEL, NICOLAUS & COMPANY, INCORPORATED NEW YORK, New York, United States Related to adviser: No
Marketer SUNBELT SECURITIES HOUSTON, Texas, United States Related to adviser: No
Marketer UMB FINANCIAL SERVICES, INC. KANSAS CITY, Missouri, United States Related to adviser: No
Marketer USCA SECURITIES LLC HOUSTON, Texas, United States Related to adviser: No
Prime broker NORTHERN TRUST SECURITIES, INC. CHICAGO, Illinois, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

COHEN AND COMPANY
PCAOB 925

FNEX CAPITAL, LLC
CRD 166316 · SEC 8-69199

HIGHTOWER SECURITIES, LLC
CRD 116681 · SEC 8-53560

MORGAN STANLEY
CRD 149777 · SEC 801-70103

PNC CAPITAL MARKETS LLC
CRD 15647 · SEC 8-32493

ROCKEFELLER CAPITAL MANAGEMENT
CRD 291361 · SEC 801-114033

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

STIFEL, NICOLAUS & COMPANY, INCORPORATED
CRD 793 · SEC 801-10746

SUNBELT SECURITIES
CRD 42180 · SEC 801-71479

UMB FINANCIAL SERVICES, INC.
CRD 17073 · SEC 801-62967

USCA SECURITIES LLC
CRD 103789 · SEC 8-52285

NORTHERN TRUST SECURITIES, INC.
CRD 7927 · SEC 8-23689

Filing source

Form ADV 2091355 · Apr 2, 2026 · Schedule D 7.B.(1), fund 805-9352872625

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
Kristen L. Bayazitoglu Executive
John A. Blasidell Executive
J. Cole Dawson, Iii Executive
F. Theodore Gardner, Iii Executive
Andrew B. Linbeck 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
N/A Westwood Holdings Group, Inc. Executive
N/A Whg Pf Holdco, Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
200 Crescent Court Suite 1200
Dallas, TX, 75201