AVALON INVESTMENT & ADVISORY

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Avalon Investment & Advisory is based out of Houston. Avalon Investment & Advisory is a hedge fund with 2162 clients and discretionary assets under management (AUM) of $6,944,249,190 (Form ADV from 2021-08-30). Their last reported 13F filing for Q3 2021 included $4,316,303,000 in managed 13F securities and a top 10 holdings concentration of 20.52%. Avalon Investment & Advisory's largest holding is Apple Inc with shares held of 844,064. Avalon Investment & Advisory has met the qualifications for inclusion in our WhaleScore system. Whalewisdom has at least 81 13F filings

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09/30/2021

13F Activity

  • Market Value $4.316 Billion
  • Prior Market Value $4.508 Billion
  • New Purchases28 stocks
  • Additional Purchases119 stocks
  • Sold out of43 stocks
  • Reduced holdings in156 stocks
  • Top 10 Holdings % 20.52 %
  • Turnover % [1]:21.19%
  • Turnover Alt % [2]: 3.58 %
  • Time Held Top20:8.30 quarters
  • Time Held Top10:7.10 quarters
  • Time Held All:13.88 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

09/30/2021

13F Sector Allocation Over Time

Portfolio Performance

Top 20 equal-weighted holdings. Performance numbers calculated through 2021-11-15

Performance for Q3 2021: 3.6%
Performance Last 4 Quarters: 24.85%
Performance Metrics
Stdev (5-yrs): Subscription required BETA (5-yrs): Subscription required ALPHA (3-yrs): Subscription required
Max Drawdown (all-years): Subscription required Annualized Perf (3-yrs): Subscription required Batting Avg vs S&P. (3-yrs): Subscription required
Sortino (3-yrs): Subscription required Stutzer (3-yrs): Subscription required Treynor (3-yrs): Subscription required
Sterling (3-yrs): Subscription required Calmar (3-yrs): Subscription required Information Ratio (3-yrs): Subscription required
Tracking Error (3 yrs): Subscription required Stdev Down (3-yrs): Subscription required Winning Months %: Subscription required
Losing Months %: Subscription required Best 12 Months: Subscription required Worst 12 Months: Subscription required
Efficiency Ratio (3-yrs): Subscription required Sharpe: Subscription required Stdev Sectors: Subscription required
Skewness (3-yrs): Subscription required Kurtosis (3-yrs): Subscription required Upside Potential (3-yrs): Subscription required

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*Shares are split adjusted

View Last Form Adv Compilation Report on Record

AVALON INVESTMENT & ADVISORY
Classified as Hedge Fund
2929 ALLEN PARKWAY SUITE 3000
HOUSTON TX    77019-7124
Country: United States

Business Phone: 713-238-2050
Fax: 713-235-2051
Professional Investment Advisor Data
SEC Registration as : Large Advisory Firm
Form of Organization: Limited Liability Company
Organized in: DE
Number of employees: 68
Other Business Activities:
Advisor Fees/Compensation: Percentage of assets under management,Fixed fees,Performance-based fees,SOLICITATION & CLIENT SERVICING AGMT W OTHER ADV'R; MODEL PORT.
Amount of client funds and securities: 4,444,010,000
Total Number of Clients: 2162
Amount of client funds and securities by related persons: 144,036,000
Total Number of clients from related persons: 9
Disclosures:
Data above was derived from SEC filings.

Active Schedule 13D and 13G events

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AVALON ADVISORS LLC

ownership team - last updated 2021-08-30
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN VICE CHAIRMAN, MEMBER, ELECTED MANAGER 01/01/2020 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
Hatcher, Robert, Kean EXECUTIVE CHAIRMAN/MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ROUPE, THOMAS, ALLEN CHIEF EXECUTIVE OFFICER/MEMBER 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER direct 2020-01-01
KURIA, KATHY, J. CHIEF COMPLIANCE OFFICER 04/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2020-04-01
Halaska, Christopher, M CHIEF INVESTMENT OFFICER 09/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER direct 2020-09-01
Scruggs, Herbert, Eugene MEMBER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
HUFF, CRAIG, ALLEN MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
ANCHORAGE CAPITAL GROUP, L.L.C. SENIOR MANAGING MEMBER indirect 1997-02-01
K CAPITAL MANAGEMENT, LLC MEMBER indirect 1998-08-01
M2 CAPITAL MANAGEMENT, L.P. LIMITED PARTNER indirect 1998-08-01
OCTAVIAN ADVISORS, LP SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
CHAMBERS ENERGY MANAGEMENT, LP SR. MANAGING MEMBER indirect 2007-08-01
LAKEWOOD CAPITAL MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 2006-10-01
RESERVOIR OPERATIONS, L.P. LIMITED PARTNER indirect 1998-08-01
RESERVOIR OPERATIONS, L.P. CO-CEO direct 2007-08-01
RESERVOIR OPERATIONS, L.P. SOLE MEMBER indirect 2007-11-01
CLEARLAKE CAPITAL GROUP, L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
SEASTONE CAPITAL MANAGEMENT, L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
WINGSPAN INVESTMENT MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 1998-08-01
CASTLE RIDGE INVESTMENT MANAGEMENT LP SENIOR MANAGING MEMBER indirect 1998-08-01
GARDNER, WILLIAM, WHITFIELD MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
GARDNER LEWIS ASSET MANAGEMENT LP LIMITED PARTNER direct 1994-09-01
GARDNER LEWIS ASSET MANAGEMENT LP CHAIRMAN & CEO indirect 1994-09-01
Lynch, Stephanie ELECTED MANAGER 01/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
GLOBAL ENDOWMENT MANAGEMENT, LP PARTNER direct 2007-07-01
GLOBAL ENDOWMENT MANAGEMENT, LP MEMBER indirect 2019-12-01
Ibrahim, Christina, Marie CHIEF OPERATING OFFICER 08/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF OPERATING OFFICER direct 2021-08-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORE ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2019 AVENUE VALUE) United States 805-2530809582 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 5,565,000 100,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 129,934,072 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 PRIVATE CAPITAL PE-V) United States 805-4145413878 Private Equity Fund 28,275,000 250,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 HS LTC) United States 805-2165065866 Private Equity Fund 10,785,000 250,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 HS III) United States 805-2475099498 Private Equity Fund 11,235,000 250,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 PRIVATE CAPITAL PE-V-RE) United States 805-5270177692 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 30,150,000 250,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2021-03-31
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN VICE CHAIRMAN, MEMBER, ELECTED MANAGER 01/01/2020 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
Hatcher, Robert, Kean EXECUTIVE CHAIRMAN/MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ROUPE, THOMAS, ALLEN CHIEF EXECUTIVE OFFICER/MEMBER 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER direct 2020-01-01
KURIA, KATHY, J. CHIEF COMPLIANCE OFFICER 04/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2020-04-01
Halaska, Christopher, M CHIEF INVESTMENT OFFICER 09/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER direct 2020-09-01
Scruggs, Herbert, Eugene MEMBER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
HUFF, CRAIG, ALLEN MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
ANCHORAGE CAPITAL GROUP, L.L.C. SENIOR MANAGING MEMBER indirect 1997-02-01
K CAPITAL MANAGEMENT, LLC MEMBER indirect 1998-08-01
M2 CAPITAL MANAGEMENT, L.P. LIMITED PARTNER indirect 1998-08-01
OCTAVIAN ADVISORS, LP SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
CHAMBERS ENERGY MANAGEMENT, LP SR. MANAGING MEMBER indirect 2007-08-01
LAKEWOOD CAPITAL MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 2006-10-01
RESERVOIR OPERATIONS, L.P. LIMITED PARTNER indirect 1998-08-01
RESERVOIR OPERATIONS, L.P. CO-CEO direct 2007-08-01
RESERVOIR OPERATIONS, L.P. SOLE MEMBER indirect 2007-11-01
CLEARLAKE CAPITAL GROUP, L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
SEASTONE CAPITAL MANAGEMENT, L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
WINGSPAN INVESTMENT MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 1998-08-01
CASTLE RIDGE INVESTMENT MANAGEMENT LP SENIOR MANAGING MEMBER indirect 1998-08-01
GARDNER, WILLIAM, WHITFIELD MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
GARDNER LEWIS ASSET MANAGEMENT LP LIMITED PARTNER direct 1994-09-01
GARDNER LEWIS ASSET MANAGEMENT LP CHAIRMAN & CEO indirect 1994-09-01
Lynch, Stephanie ELECTED MANAGER 01/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
GLOBAL ENDOWMENT MANAGEMENT, LP PARTNER direct 2007-07-01
GLOBAL ENDOWMENT MANAGEMENT, LP MEMBER indirect 2019-12-01
LANGSTON, WILLIE, THURMAN VICE CHAIRMAN, MEMBER, ELECTED MANAGER 01/01/2020 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
Hatcher, Robert, Kean EXECUTIVE CHAIRMAN/MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ROUPE, THOMAS, ALLEN CHIEF EXECUTIVE OFFICER/MEMBER 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER direct 2020-01-01
KURIA, KATHY, J. CHIEF COMPLIANCE OFFICER 04/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2020-04-01
Halaska, Christopher, M CHIEF INVESTMENT OFFICER 09/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER direct 2020-09-01
Scruggs, Herbert, Eugene MEMBER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
HUFF, CRAIG, ALLEN MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
ANCHORAGE CAPITAL GROUP, L.L.C. SENIOR MANAGING MEMBER indirect 1997-02-01
K CAPITAL MANAGEMENT, LLC MEMBER indirect 1998-08-01
M2 CAPITAL MANAGEMENT, L.P. LIMITED PARTNER indirect 1998-08-01
OCTAVIAN ADVISORS, LP SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
CHAMBERS ENERGY MANAGEMENT, LP SR. MANAGING MEMBER indirect 2007-08-01
LAKEWOOD CAPITAL MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 2006-10-01
RESERVOIR OPERATIONS, L.P. LIMITED PARTNER indirect 1998-08-01
RESERVOIR OPERATIONS, L.P. CO-CEO direct 2007-08-01
RESERVOIR OPERATIONS, L.P. SOLE MEMBER indirect 2007-11-01
CLEARLAKE CAPITAL GROUP, L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
SEASTONE CAPITAL MANAGEMENT, L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
WINGSPAN INVESTMENT MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 1998-08-01
CASTLE RIDGE INVESTMENT MANAGEMENT LP SENIOR MANAGING MEMBER indirect 1998-08-01
GARDNER, WILLIAM, WHITFIELD MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
GARDNER LEWIS ASSET MANAGEMENT LP LIMITED PARTNER direct 1994-09-01
GARDNER LEWIS ASSET MANAGEMENT LP CHAIRMAN & CEO indirect 1994-09-01
Lynch, Stephanie ELECTED MANAGER 01/01/2021 Direct less than 5%
Fund Name Position direct/indirect start date end date
GLOBAL ENDOWMENT MANAGEMENT, LP PARTNER direct 2007-07-01
GLOBAL ENDOWMENT MANAGEMENT, LP MEMBER indirect 2019-12-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORE ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORE ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2019 AVENUE VALUE) United States 805-2530809582 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 5,565,000 100,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 129,934,072 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 PRIVATE CAPITAL PE-V) United States 805-4145413878 Private Equity Fund 28,275,000 250,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 HS LTC) United States 805-2165065866 Private Equity Fund 10,785,000 250,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 HS III) United States 805-2475099498 Private Equity Fund 11,235,000 250,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2020 PRIVATE CAPITAL PE-V-RE) United States 805-5270177692 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 30,150,000 250,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2020-11-30
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN VICE CHAIRMAN, MEMBER, ELECTED MANAGER 01/01/2020 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
Hatcher, Robert, Kean EXECUTIVE CHAIRMAN/MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ROUPE, THOMAS, ALLEN CHIEF EXECUTIVE OFFICER/MEMBER 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER direct 2020-01-01
KURIA, KATHY, J. CHIEF COMPLIANCE OFFICER 04/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2020-04-01
Halaska, Christopher, M CHIEF INVESTMENT OFFICER 09/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER direct 2020-09-01
Scruggs, Herbert, Eugene MEMBER 07/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
HUFF, CRAIG, ALLEN MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
ANCHORAGE CAPITAL GROUP, L.L.C. SENIOR MANAGING MEMBER indirect 1997-02-01
K CAPITAL MANAGEMENT, LLC MEMBER indirect 1998-08-01
M2 CAPITAL MANAGEMENT, L.P. LIMITED PARTNER indirect 1998-08-01
OCTAVIAN ADVISORS, LP SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
STANDARD GENERAL L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
CHAMBERS ENERGY MANAGEMENT, LP SR. MANAGING MEMBER indirect 2007-08-01
LAKEWOOD CAPITAL MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 2006-10-01
RESERVOIR OPERATIONS, L.P. LIMITED PARTNER indirect 1998-08-01
RESERVOIR OPERATIONS, L.P. CO-CEO direct 2007-08-01
RESERVOIR OPERATIONS, L.P. SOLE MEMBER indirect 2007-11-01
CLEARLAKE CAPITAL GROUP, L.P. SENIOR MANAGING MEMBER indirect 2007-08-01
SEASTONE CAPITAL MANAGEMENT, L.P. SENIOR MANAGING MEMBER indirect 1997-02-01
WINGSPAN INVESTMENT MANAGEMENT, LP SENIOR MANAGING MEMBER indirect 1998-08-01
CASTLE RIDGE INVESTMENT MANAGEMENT LP SENIOR MANAGING MEMBER indirect 1998-08-01
GARDNER, WILLIAM, WHITFIELD MEMBER 10/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
GARDNER LEWIS ASSET MANAGEMENT LP LIMITED PARTNER direct 1994-09-01
GARDNER LEWIS ASSET MANAGEMENT LP CHAIRMAN & CEO indirect 1994-09-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORE ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORE ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2019 AVENUE VALUE) United States 805-2530809582 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 5,565,000 100,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 229,779,617 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2020-09-25
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN VICE CHAIRMAN, MEMBER, ELECTED MANAGER 01/01/2020 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
ECCLES, SPENCER, PETERSON ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER AND CHIEF EXECUTIVE OFFICER direct 2016-01-01
TAYLOR, RICHARD, KEITH ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MANAGER direct 2016-09-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2015-10-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
HATCHER, ROBERT, KEAN EXECUTIVE CHAIRMAN 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ROUPE, THOMAS, ALLEN CHIEF EXECUTIVE OFFICER 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER direct 2020-01-01
KURIA, KATHY, J. CHIEF COMPLIANCE OFFICER 04/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2020-04-01
Halaska, Christopher, M CHIEF INVESTMENT OFFICER 09/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER direct 2020-09-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2019 AVENUE VALUE) United States 805-2530809582 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 5,565,000 100,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 229,779,617 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2020-06-26
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN VICE CHAIRMAN, MEMBER, ELECTED MANAGER 01/01/2020 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
ECCLES, SPENCER, PETERSON ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER AND CHIEF EXECUTIVE OFFICER direct 2016-01-01
TAYLOR, RICHARD, KEITH ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MANAGER direct 2016-09-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2015-10-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
HATCHER, ROBERT, KEAN EXECUTIVE CHAIRMAN 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ROUPE, THOMAS, ALLEN CHIEF EXECUTIVE OFFICER 01/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER direct 2020-01-01
KURIA, KATHY, J. CHIEF COMPLIANCE OFFICER 04/01/2020 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2020-04-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2019 AVENUE VALUE) United States 805-2530809582 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 5,565,000 100,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 229,779,617 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2020-03-30
Name Title Start Date Direct/Indirect % Ownership

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON INVESTMENT PARTNERS, LLC (CLASS 2019 AVENUE VALUE) United States 805-2530809582 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 5,565,000 100,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 229,779,617 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2019-09-22
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) 03/01/2005 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
BONNER, GARY, THOMAS CHIEF OPERATING OFFICER, MEMBER 06/01/2007 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, MEMBER direct 2007-06-01
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER direct 2007-06-01
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
GAUNTT, ROBERT, PAUL MEMBER, ELECTED MANAGER 03/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
LEBERT, PEGGY, ELAINE CHIEF COMPLIANCE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2012-03-01
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER direct 2017-02-01
ROBISON, ALEXANDER, CHASE PRESIDENT & CEO, MEMBER, ELECTED MANAGER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC DIRECTOR OF FINANCE direct 2014-02-01
AVALON ADVISORS LLC CHIEF FINANCIAL OFFICER direct 2015-05-01
AVALON ADVISORS LLC PRESIDENT & CFO direct 2015-09-01
AVALON ADVISORS LLC PRESIDENT & CEO, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
HATCHER, ROBERT, KEAN ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ECCLES, SPENCER, PETERSON ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER AND CHIEF EXECUTIVE OFFICER direct 2016-01-01
TAYLOR, RICHARD, KEITH ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MANAGER direct 2016-09-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2015-10-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
JESULAITIS, DAVID, JOHN EXECUTIVE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MEMBER, EXECUTIVE OFFICER direct 2008-03-01
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER direct 2017-02-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
STONE, EUGENE, WILLIAM CHIEF INVESTMENT OFFICER, MEMBER 01/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CO-CHIEF INVESTMENT OFFICER, MEMBER direct 2018-10-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 228,808,569 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds
AVALON INVESTMENT PARTNERS, LLC (CLASS 2019 AVENUE VALUE) United States 805-2530809582 Other Private Fund CREDIT FUND PRIMARILY INVESTING IN DISTRESSED DEBT OF US COMPANIES 5,565,000 100,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2019-05-13
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) 03/01/2005 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
BONNER, GARY, THOMAS CHIEF OPERATING OFFICER, MEMBER 06/01/2007 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, MEMBER direct 2007-06-01
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER direct 2007-06-01
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
GAUNTT, ROBERT, PAUL MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
LEBERT, PEGGY, ELAINE CHIEF COMPLIANCE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2012-03-01
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER direct 2017-02-01
ROBISON, ALEXANDER, CHASE PRESIDENT & CEO, MEMBER, ELECTED MANAGER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC DIRECTOR OF FINANCE direct 2014-02-01
AVALON ADVISORS LLC CHIEF FINANCIAL OFFICER direct 2015-05-01
AVALON ADVISORS LLC PRESIDENT & CFO direct 2015-09-01
AVALON ADVISORS LLC PRESIDENT & CEO, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
HATCHER, ROBERT, KEAN ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ECCLES, SPENCER, PETERSON ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER AND CHIEF EXECUTIVE OFFICER direct 2016-01-01
TAYLOR, RICHARD, KEITH ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MANAGER direct 2016-09-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2015-10-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
JESULAITIS, DAVID, JOHN EXECUTIVE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MEMBER, EXECUTIVE OFFICER direct 2008-03-01
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER direct 2017-02-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
STONE, EUGENE, WILLIAM CHIEF INVESTMENT OFFICER, MEMBER 01/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CO-CHIEF INVESTMENT OFFICER, MEMBER direct 2018-10-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DOR? ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 228,808,569 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2019-03-31
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) 03/01/2005 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
BONNER, GARY, THOMAS CHIEF OPERATING OFFICER, MEMBER 06/01/2007 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, MEMBER direct 2007-06-01
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER direct 2007-06-01
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
GAUNTT, ROBERT, PAUL MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 01/01/2019 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
LEBERT, PEGGY, ELAINE CHIEF COMPLIANCE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2012-03-01
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER direct 2017-02-01
ROBISON, ALEXANDER, CHASE PRESIDENT & CEO, MEMBER, ELECTED MANAGER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC DIRECTOR OF FINANCE direct 2014-02-01
AVALON ADVISORS LLC CHIEF FINANCIAL OFFICER direct 2015-05-01
AVALON ADVISORS LLC PRESIDENT & CFO direct 2015-09-01
AVALON ADVISORS LLC PRESIDENT & CEO, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
HATCHER, ROBERT, KEAN ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ECCLES, SPENCER, PETERSON ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER AND CHIEF EXECUTIVE OFFICER direct 2016-01-01
TAYLOR, RICHARD, KEITH ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MANAGER direct 2016-09-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2015-10-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
JESULAITIS, DAVID, JOHN EXECUTIVE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MEMBER, EXECUTIVE OFFICER direct 2008-03-01
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER direct 2017-02-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
STONE, EUGENE, WILLIAM CHIEF INVESTMENT OFFICER, MEMBER 01/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CO-CHIEF INVESTMENT OFFICER, MEMBER direct 2018-10-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 84,851,248 500,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 228,808,569 75,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2018-12-21
Name Title Start Date Direct/Indirect % Ownership
LANGSTON, WILLIE, THURMAN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) 03/01/2005 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
BONNER, GARY, THOMAS CHIEF OPERATING OFFICER, MEMBER 06/01/2007 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, MEMBER direct 2007-06-01
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER direct 2007-06-01
PLATFORM PARTNERS, LLC MEMBER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2008-03-01
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
GAUNTT, ROBERT, PAUL EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LARTIGUE, HENRY, JAMES CO-CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER 10/01/2018 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
LUMMIS, FREDERICK, RICE ELECTED MANAGER 03/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC ELECTED MANAGER, MEMBER indirect 2008-03-01
PLATFORM PARTNERS LLC CHAIRMAN direct 2017-02-01
LEBERT, PEGGY, ELAINE CHIEF COMPLIANCE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2012-03-01
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER direct 2017-02-01
ROBISON, ALEXANDER, CHASE PRESIDENT & CEO, MEMBER, ELECTED MANAGER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC DIRECTOR OF FINANCE direct 2014-02-01
AVALON ADVISORS LLC CHIEF FINANCIAL OFFICER direct 2015-05-01
AVALON ADVISORS LLC PRESIDENT & CFO direct 2015-09-01
AVALON ADVISORS LLC PRESIDENT & CEO, MEMBER, ELECTED MANAGER direct 2017-02-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
HATCHER, ROBERT, KEAN ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
ECCLES, SPENCER, PETERSON ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER AND CHIEF EXECUTIVE OFFICER direct 2016-01-01
TAYLOR, RICHARD, KEITH ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MANAGER direct 2016-09-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2015-10-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
JESULAITIS, DAVID, JOHN EXECUTIVE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MEMBER, EXECUTIVE OFFICER direct 2008-03-01
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER direct 2017-02-01
Hogan, Wyatt, LeClercq CHIEF LEGAL OFFICER, MEMBER 02/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF LEGAL OFFICER, MEMBER direct 2018-02-01
STONE, EUGENE, WILLIAM CO-CHIEF INVESTMENT OFFICER, MEMBER 10/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CO-CHIEF INVESTMENT OFFICER, MEMBER direct 2018-10-01
LUMMIS, FREDERICK, RICE ELECTED MANAGER, MEMBER PLATFORM PARTNERS LLC 03/01/2008 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC ELECTED MANAGER, MEMBER indirect 2008-03-01
PLATFORM PARTNERS LLC CHAIRMAN direct 2017-02-01
BRAZELTON, FREDERICK, WALTER ELECTED MANAGER, MEMBER PLATFORM PARTNERS LLC 03/01/2008 Indirect Other
Fund Name Position direct/indirect start date end date
ALM FIRST FINANCIAL ADVISORS LLC DIRECTOR indirect 2015-11-01
AVALON ADVISORS, L.P. ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC ELECTED MANAGER, MEMBER indirect 2008-03-01
PLATFORM PARTNERS LLC LIMITED PARTNER indirect 2017-02-01
PLATFORM PARTNERS LLC PRESIDENT AND CHIEF EXECUTIVE OFFICER direct 2017-02-01
PLATFORM PARTNERS LLC MEMBER indirect 2017-02-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 97,435,000 500,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 216,558,729 130,000
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds

AVALON ADVISORS LLC

ownership team - last updated 2017-09-29
Name Title Start Date Direct/Indirect % Ownership
JESULAITIS, DAVID, JOHN EXECUTIVE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MEMBER, EXECUTIVE OFFICER direct 2008-03-01
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER direct 2017-02-01
PINTO INVESTMENT PARTNERS LP MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
MINION TRAIL, LTD. MEMBER 12/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2016-12-01
TAYLOR, RICHARD, KEITH ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MANAGER direct 2016-09-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2015-10-01
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
CYNOSURE ADVISORS, LLC MANAGING DIRECTOR/MEMBER direct 2016-05-01
ECCLES, SPENCER, PETERSON ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
CYNOSURE MANAGEMENT, LLC MANAGING DIRECTOR/MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER AND CHIEF EXECUTIVE OFFICER direct 2016-01-01
HATCHER, ROBERT, KEAN ELECTED MANAGER 12/01/2016 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC ELECTED MANAGER direct 2016-12-01
PAGF GP, LLC MANAGER direct 2005-06-01
CYNOSURE AVALON HOLDINGS II MEMBER 09/01/2015 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
CYNOSURE AVALON HOLDINGS I, LLC MEMBER 09/01/2015 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2015-09-01
ROBISON, ALEXANDER, CHASE PRESIDENT & CEO, MEMBER, ELECTED MANAGER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC DIRECTOR OF FINANCE direct 2014-02-01
AVALON ADVISORS LLC CHIEF FINANCIAL OFFICER direct 2015-05-01
AVALON ADVISORS LLC PRESIDENT & CFO direct 2015-09-01
AVALON ADVISORS LLC PRESIDENT & CEO, MEMBER, ELECTED MANAGER direct 2017-02-01
LEBERT, PEGGY, ELAINE CHIEF COMPLIANCE OFFICER, MEMBER 02/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER direct 2012-03-01
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER direct 2017-02-01
LUMMIS, FREDERICK, RICE ELECTED MANAGER 03/01/2008 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC ELECTED MANAGER, MEMBER indirect 2008-03-01
PLATFORM PARTNERS LLC CHAIRMAN direct 2017-02-01
LARTIGUE, HENRY, JAMES CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER 02/01/2017 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. MANAGER indirect 2002-08-01
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC MEMBER, CEO & CIO, ELECTED MANAGER direct 2014-02-01
AVALON ADVISORS LLC CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER direct 2017-02-01
GAUNTT, ROBERT, PAUL EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
LILLY, KEVIN, JOHN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2008-03-01 2017-01-12
PLATFORM PARTNERS, LLC MEMBER 03/01/2008 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER direct 2008-03-01
BONNER, GARY, THOMAS CHIEF OPERATING OFFICER, MEMBER 06/01/2007 Direct less than 5%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, MEMBER direct 2007-06-01
AVALON ADVISORS LLC CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER direct 2007-06-01
LANGSTON, WILLIE, THURMAN EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) 03/01/2005 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01
AVALON ADVISORS, L.P. MANAGER direct 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MEMBER indirect 2001-04-01 2001-05-02
AVALON ADVISORS, L.P. MANAGER indirect 2001-04-01 2007-03-22
AVALON ADVISORS, L.P. CHIEF COMPLIANCE OFFICER direct 2005-03-01 2007-03-22
AVALON ADVISORS LLC CHIEF COMPLIANCE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2011-03-31
AVALON ADVISORS LLC CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER direct 2005-03-01 2013-10-25
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER direct 2005-03-01 2016-10-04
AVALON ADVISORS LLC MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) direct 2005-03-01 2017-01-12
Gordy, Russell, Douglas LIMITED PARTNER MINION TRAIL, LTD 01/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC LIMITED PARTNER indirect 2005-01-01
GORDY OIL COMPANY GENERAL PARTNER MINION TRAIL, LTD 01/01/2005 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2005-01-01
TEXAS PRODUCTION COMPANY GENERAL PARTNER COCKRELL INVESTMENT PARTNERS LP 01/01/1997 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 1997-01-01
PAGF GP, LLC GENERAL PARTNER indirect 1997-06-01
COCKRELL INVESTMENT PARTNERS LP MEMBER CIP GP LLC 07/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2002-07-01
PAGF GP, LLC MEMBER indirect 2002-07-01
CIP GP LLC GENERAL PARTNER PINTO GP LIMITED 09/01/2002 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2002-09-01
PAGF GP, LLC MEMBER direct 2005-06-01
PINTO GP LIMITED GENERAL PARTNER PINTO INVESTMENT PARTNERS LP 02/01/2003 Indirect 75% or more
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC GENERAL PARTNER indirect 2003-02-01
Graham, Robert, Maurice DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
Eccles, Spencer, Fox DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/1981 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect 75% or more
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC MEMBER indirect 2016-09-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Hayward, Christina, Hope MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Eccles, Lisa, Ellen DIRECTOR GEORGE S. AND DOLORES DORÉ ECCLES FOUNDATION 01/01/2000 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 2016-09-01
AVALON ADVISORS LLC DIRECTOR indirect 2000-01-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
Eccles, Spencer, Fox MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
SAVANT CAPITAL, LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC DIRECTOR indirect 1981-01-01
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
Denkers, Stephen, Eccles MEMBER CYNOSURE AVALON HOLDINGS II, LLC 07/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-07-01
ECCLES, CLISTA, HOPE MEMBER CYNOSURE AVALON HOLDINGS I, LLC 06/01/2015 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS LLC MEMBER indirect 2015-06-01
CYNOSURE MANAGEMENT, LLC MEMBER direct 2015-01-01
CYNOSURE MANAGEMENT, LLC TRUSTEE indirect 2016-04-01
CYNOSURE ADVISORS, LLC MEMBER direct 2016-01-01
CYNOSURE ADVISORS, LLC TRUSTEE indirect 2016-04-01
BRAZELTON, FREDERICK, WALTER ELECTED MANAGER, MEMBER PLATFORM PARTNERS LLC 03/01/2008 Indirect Other
Fund Name Position direct/indirect start date end date
ALM FIRST FINANCIAL ADVISORS LLC DIRECTOR indirect 2015-11-01
AVALON ADVISORS, L.P. ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC ELECTED MANAGER, MEMBER indirect 2008-03-01
PLATFORM PARTNERS LLC LIMITED PARTNER indirect 2017-02-01
PLATFORM PARTNERS LLC PRESIDENT AND CHIEF EXECUTIVE OFFICER direct 2017-02-01
PLATFORM PARTNERS LLC MEMBER indirect 2017-02-01
LUMMIS, FREDERICK, RICE ELECTED MANAGER, MEMBER PLATFORM PARTNERS LLC 03/01/2008 Indirect Other
Fund Name Position direct/indirect start date end date
AVALON ADVISORS, L.P. ELECTED MANAGER direct 2008-03-01
AVALON ADVISORS LLC ELECTED MANAGER, MEMBER indirect 2008-03-01
PLATFORM PARTNERS LLC CHAIRMAN direct 2017-02-01

Private Funds

Name Country Fund Identification Number Fund Type Gross Asset Value Minimum Investment Other
AVALON PRIVATE ENERGY FUND, LP United States 805-2870795211 Private Equity Fund 35,500,000 500,000 Fund of Funds
AVALON CARLYLE PRIVATE EQUITY FUND I, LP United States 805-3285859535 Private Equity Fund 45,000,000 500,000 Fund of Funds
AVALON GLOBAL REAL ASSETS FUND, LP United States 805-5786054497 Private Equity Fund 97,435,000 500,000 Fund of Funds
AVALON HIGH INCOME MUNICIPAL FUND, L.P. United States 805-4723703033 Other Private Fund INVESTMENTS PRIMARILY IN BELOW INVESTMENT GRADE MUNICIPAL BONDS, LEVERAGE LIMTED TO 10% 163,167,385 130,000

WhaleScore history for AVALON INVESTMENT & ADVISORY

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