Cushing Fund LP
Cushing Fund LP is a hedge fund based in Dallas, Texas. According to its most recent Form D, filed Apr 13, 2026, the fund has sold $254,514,292 of interests to 169 investors since its first sale in Jan 2003. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Cushing Asset Management, LP; Swank Capital, LLC.
Performance
No returns have been reported for this fund. As a rough guide, NXG Investment Management, which manages it, disclosed U.S. stock holdings that returned an estimated +25.7% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +50.5% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $254,514,292Cumulative sales reported on Form D
- Investors
- 169
- First sale
- Jan 1, 2003
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Cushing Asset Management, LP; Swank Capital, LLC
- Latest Form D
- Apr 13, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Cushing Fund LP
What is the minimum investment for Cushing Fund LP?
Cushing Fund LP's latest Form D, filed Apr 13, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Cushing Fund LP?
Cushing Fund LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Cushing Fund LP raised?
Cushing Fund LP reports $254,514,292 sold from 169 investors on its Form D filed Apr 13, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Cushing Fund LP based?
Cushing Fund LP is based in Dallas, Texas and is managed by NXG Investment Management.
When did Cushing Fund LP launch?
Cushing Fund LP reports its first sale in Jan 2003.
Size compared with every hedge fund
Raised more than 84% of the 631 hedge funds based in Texas, and more than 73% of all 10,309 that report sales.