SEC-Registered Investment Adviser
Nxg Investment Management
Legal name: Cushing Asset Management, LP
Registration facts are from the firm's Form ADV Part 1A as published by the SEC, latest filing dated August 6, 2026. Figures are firm-level: they describe the advisory firm, not any single offering.
Registration
- Status
- Approved
- Registered since
- June 17, 2004
- Principal office
- One Energy Square, 4925 Greenville Avenue, Suite 1310, Dallas, TX 75206
- Organized as
- Limited Partnership, TX
- Fiscal year end
- December
Scale
- Regulatory AUM
- $1.8B
- Discretionary / non-discretionary
- $1.7B / $952,114
- Accounts
- 6
- Clients
- 1
- Employees
- 10, 5 in advisory roles
- Private funds advised
- 1
- Private fund gross assets
- $29.1M
- Fund types
- 1 hedge funds
- Funds with Form D records
- 1 issuer in AltStreet's ledger, $254.5M reported sold across them
- Client assets in custody
- $29.1M (1 clients)
Business, clients and compensation, as filed
- Advisory activities
- portfolio management for individuals and small businesses, portfolio management for investment companies and portfolio management for pooled investment vehicles
- Compensated by
- a percentage of assets under management and performance-based fees
- Client types
- investment companies (3); pooled investment vehicles (2); pension and profit sharing plans (1)
- Also engaged as
- commodity pool operator or commodity trading advisor
- Related persons include
- a sponsor, general partner or managing member of pooled investment vehicles
- Wrap fee program
- Sponsors or manages a wrap fee program
Form ADV Item 11 disclosures
The firm answered yes to the following Item 11 questions. The answers cover the firm and its advisory affiliates; the Disclosure Reporting Pages on IAPD identify the subject and the outcome.
- SEC or CFTC finding of a violation of regulations or statutes (Item 11C(2))
- SEC or CFTC order against the firm or an affiliate (Item 11C(4))
- SEC or CFTC civil money penalty or cease-and-desist (Item 11C(5))
Form D activity of the funds this firm advises, by year
1 issuer in AltStreet's EDGAR ledger are joined to this adviser through Form ADV Schedule D, with Form D filings from June 8, 2016 to April 13, 2026. 1 offering is still raising on the latest filing. Reported sold across them: $254.5M.Years are the year of each offering's first notice; sold and investors are the latest figures on each chain. Counts and totals only; the fund roster is in the terminal.
| First notice | Offerings | Reported sold | Investors |
|---|---|---|---|
| 2016 | 1 | $254.5M | 169 |
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Source: SEC Form ADV via IARD (roster of October 6, 2026), matched to the platform by AltStreet analysts. Item 11 answers are as reported on the firm's Form ADV and cover the firm and its advisory affiliates; consult the firm's IAPD record for the Disclosure Reporting Pages. Brochure statements are the firm's own. Nothing on this page is investment advice.