SEC Filings

SoftVest Advisors' Form ADV Reveals 69% Increase in AUM to $686M

Written by Radient AI | Jun 30, 2023 12:19:45 PM

SoftVest Advisors is a Texas-based private investment firm with additional offices in Tennessee. Established between December 2018 and February 2020, it offers discretionary investment advice to private entities pursuing specialized strategies. The firm specializes in oil and gas investments, mainly in Texas, and is fully owned by SoftVest Advisors Holdings, LLC.

It has two subsidiaries, HeartsBluff and Carrizo, which invest in music royalties. HeartsBluff is owned by Eric Oliver, Daniel McFarland, and Scott Parker, while Carrizo is owned by the same trio plus John Daniel and Michael Derrick.

SoftVest oversees SoftVest, LP, SoftSearch Investment, LP, and KNDC, LP. HeartsBluff and Carrizo manage Barton Springs Music, LLC, Carrizo Springs Music, LLC, and Granite Shoals Music Fund, LLC respectively.

From March 2022 to June 2023, according to SoftVest Advisor's Form ADV Filings, the following changes occurred:

  • The total number of accounts managed decreased from 7 to 6.
  • Employee count went down from 9 to 8.
  • Total AUM increased by 69% from $406.6M to $686.1M.

The firm recently expanded its portfolio by adding a new private fund, the Granite Shoals Music Fund, LLC, which is based in Delaware, United States and has a current gross asset value of $3.83 million.

The firm disclosed modifications to its private funds:

KNDC, LP

  • Gross asset value (new: 1.44M, old: 977.8K)

CARRIZO SPRINGS MUSIC, LLC

  • Gross asset value (new: 19.49M, old: 19.78M)
  • Percentage of clients invested changed (new: 33%, old: 29%)

SOFTSEARCH INVESTMENT, LP

  • Gross asset value (new: 15.54M, old: 7.99M)
  • Approximate percentage beneficially owned by related persons changed (new: 36%, old: 35%)
  • Percentage of clients invested changed (new: 17%, old: 14%)

SOFTVEST, LP

  • Gross asset value (new: 614.23M, old: 371.65M)
  • Approximate percentage beneficially owned by related persons changed (new: 36%, old: 31%)
  • Percentage of clients invested changed (new: 17%, old: 14%)

BARTON SPRINGS MUSIC, LLC

  • Gross asset value (new: 5.52M, old: 5.24M)
  • Percentage of clients invested changed (new: 33%, old: 29%)

Daniel Gene McFarland, previously listed as a Chief Financial Officer, was removed as a direct owner on August 18, 2022
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