9AT: ESP INVESTMENT ADVISORS LLC

other names

ESP INVESTMENT ADVISORS LLC

Adviser Profile

As of Date	11/11/2025
ADV Location	DALLAS, TX, United States
Adviser Type - Large advisory firm
Number of Employees	18 -5%
of those in investment advisory functions	11 -8%
Registration	SEC, Approved, 10/31/2019
Other registrations (1)	SEC, ERA - Withdrawn, 09/27/2019
Former registrations	ESP INVESTMENT ADVISORS LLC

AUM^*	1,607,019,160 -15%
of that, discretionary	1,607,019,160 -15%
Private Fund GAV^*	1,607,019,160
Avg Account Size	535,673,053 -15%
SMA’s	No
Private Funds	3
Contact Info	214 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeVenture Capital Fund	Count3	GAV$1,607,019,160

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser HEALTHQUEST CAPITAL MANAGEMENT, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund338.1m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund2.1b	Other Fund-	Total Private Fund GAV4.6b	AUM1.9b	#Funds12
Adviser BALDWIN WEALTH PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund10.3m	Other Fund-	Total Private Fund GAV20.5m	AUM2.4b	#Funds1
Adviser AVENIR MANAGEMENT COMPANY, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund95.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund2.6b	Other Fund-	Total Private Fund GAV5.2b	AUM2.2b	#Funds40
Adviser CENDANA CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.7b	Other Fund861.9m	Total Private Fund GAV4.3b	AUM1.7b	#Funds17
Adviser BLOCKCHAIN CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund3.6b	Other Fund-	Total Private Fund GAV7.1b	AUM2.8b	#Funds21
Adviser US INNOVATIVE TECHNOLOGY CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund5.0b	Other Fund-	Total Private Fund GAV10.1b	AUM4.3b	#Funds6
Adviser HUMAN CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund2.9b	Other Fund-	Total Private Fund GAV5.8b	AUM2.7b	#Funds67
Adviser WEATHERGAGE CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.3b	Other Fund-	Total Private Fund GAV2.6b	AUM1.3b	#Funds11
Adviser ROTHSCHILD INVESTMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.5m	Other Fund-	Total Private Fund GAV3.0m	AUM2.3b	#Funds2
Adviser LONGITUDE CAPITAL MANAGEMENT CO., LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund3.0b	Other Fund-	Total Private Fund GAV6.0b	AUM2.1b	#Funds8

Brochure Summary

Overview

ESP is an investment adviser focused on managing privately pooled investment vehicles (individually, a “Fund”, collectively, the “Funds”). ESC Investment Advisors LLC (“ESC”), the relying adviser in this Form ADV, is the investment adviser for certain of the Funds. References to ESP in this Part 2A will also be deemed to refer to ESC unless otherwise noted. ESP provides investment management and supervisory services to the Funds in accordance with the investment objectives and strategies set forth in the applicable governing documents. The Funds are exempt from registration under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and the Funds securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The primary purpose of the Funds is to make venture capital-oriented investments in lower middle- market companies that acquire, develop and operate energy assets in the U.S., Canada and Mexico (as warranted). ESP expects that most investments by the Funds will be made in companies with business plans expected to result in enterprise values of $100 to $500 million. The Funds will follow a venture capital strategy and will seek to realize equity returns by making negotiated equity investments with entrepreneurial, owner-managed companies that have the ability to grow and create equity value. The Company has full discretionary authority with respect

to investment decisions, and its advice with respect to the Funds is tailored according to the investment objectives, guidelines, and requirements as set forth in the applicable governing documents. The Funds’ respective general partners, which are affiliates of the Company (each, a “General Partner”), may enter into agreements with one or more investors which have the effect of altering or supplementing the terms of the offering to the specific investor (each, a “Side Letter”). Any terms contained in such a Side Letter to or with an investor shall govern with respect to such investor notwithstanding the provisions of the Fund’s governing documentation. ESP is a Delaware limited liability company that was formed and began operating in 2018. ESC is a Delaware limited liability company that was formed and began operating in 2011 as a result of the Dodd Frank Act. The common interests of both ESP and ESC are wholly-owned by Energy Spectrum Securities Corporation (“ESSC”), a Texas corporation formed in 1997 with controlling interests held by ESP’s President and Managing Directors, Thomas O. Whitener, Jr., James P. Benson and James W. Spann. Prior to the formation of ESSC, the principals had formed and managed the first of the prior funds in 1996. As of December 31, 2023, ESP and ESC collectively advised approximately $1.887 billion of regulatory assets under management on a discretionary basis for the Funds.

ESP INVESTMENT ADVISORS LLC

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