DFX Intelligence

Data Factory

The intelligence graph connecting private capital, companies and real assets. Public records ingested on their own cadence, resolved to one identity by shared identifier, connected by typed relationships with a date and a source on every edge, and read by detectors that say what changed and what it means. Facts, derived metrics, signals, anomalies and inferences are labelled as such.

RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM under $100M

WHITEHORSE CAPITAL PARTNERS, L.P.

CRD 126528

DALLAS, TX

Full profile on RIA / Wealth Management →Search this name across graphsid dfx:ria:80a8a425-ea0c-d391-75ec-4be8ca4c75db

Data as of Mar 31, 2021 (this record's last observation) from sec_form_adv_history, sec_adv_roster, iapd_firm_feed. Page built Sep 18, 2026, 11:05 AM UTC and rebuilt at most every 15 minutes.

Relationships: 15
Dated events: 1
On other graphs: 1
Observed: Apr 2, 2012 to Mar 31, 2021
13 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Creditidentity

WHITEHORSE CAPITAL PARTNERS, L.P.

Private credit manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $2,367Item 5.F on the latest filing (2021-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $2,367
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 3
Advisory employees: 3
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 1
Individual clients: 0
High net worth clients: 0
Private funds: 1Schedule D 7.B(1)
Private fund GAV: $2,367gross asset value as reported per fund; never fund size
SEC number: 801-67111
CRD: 126528
Filings on the tape: 13
First filed: Apr 2, 2012
Latest filed: Mar 31, 2021
Organised: Limited Partnership, Texas

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
WHITEHORSE III, LTD.	Securitized Asset Fund	$2.0M	Mar 30, 2018	0	Apr 1, 2013	dropped	n/a
WHITEHORSE II, LTD.	Securitized Asset Fund	$1.5M	Apr 1, 2015	0	Apr 1, 2013	dropped	n/a
WHITEHORSE I, LTD.	Securitized Asset Fund	$250,642	Mar 31, 2014	0	Apr 1, 2013	dropped	n/a
WHITEHORSE V, LTD.	Securitized Asset Fund	$214,367	Mar 30, 2016	0	Apr 1, 2013	dropped	n/a
WHITEHORSE CREDIT MASTER FUND, LP	Hedge Fund	$55,000	Apr 1, 2015	2	Apr 2, 2012	dropped	n/a
WHITEHORSE IV, LTD.	Securitized Asset Fund	$2,367	Mar 31, 2021	0	Apr 1, 2013	reported	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
CARVELL, JAMES, DEMUS	LIMITED PARTNER	C	yes	07/2002	Apr 2, 2012	Mar 31, 2021
CARVELL, JAMES, DEMUS	MEMBER	C	yes	07/2002	Apr 2, 2012	Mar 31, 2021
UNDERWOOD, ETHAN, MICHAEL	MEMBER	C	yes	07/2002	Apr 2, 2012	Mar 31, 2021
UNDERWOOD, ETHAN, MICHAEL	LIMITED PARTNER	C	yes	07/2002	Apr 2, 2012	Mar 31, 2021
WHITEROCK ASSET ADVISORS, LLC	GENERAL PARTNER	NA	yes	07/2002	Apr 2, 2012	Mar 31, 2021
WORLEY, JARRED, DUFF	MEMBER	C	yes	07/2002	Apr 2, 2012	Mar 31, 2021
WORLEY, JARRED, DUFF	CHIEF COMPLIANCE OFFICER	C	yes	07/2002	Apr 2, 2012	Mar 31, 2021

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page; showing 40 of 61

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
H.I.G. CAPITAL, LLC	n/a	ASSET MANAGER	$72B	Y	no	n/a
H.I.G. WHITEHORSE ADVISERS, LLC	n/a	ASSET MANAGER	$615M	N	yes	n/a
BAYSIDE CAPITAL, INC.	n/a	n/a	n/a	N	yes	n/a
BAYSIDE OPPORTUNITY ADVISORS, L.L.C.	n/a	n/a	n/a	N	yes	n/a
H.I.G. ADVANTAGE ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. ADVISORS III, L.L.C.	n/a	n/a	n/a	N	yes	n/a
H.I.G. ADVISORS IV, L.L.C.	n/a	n/a	n/a	N	yes	n/a
H.I.G. ADVISORS V, L.L.C.	n/a	n/a	n/a	N	yes	n/a
H.I.G. ADVISORS VI, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. ADVISORS, L.L.C.	n/a	n/a	n/a	N	yes	n/a
H.I.G. ASSOCIATES III, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE ADVISORS II, L.L.C.	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE LOAN ADVISORS III (EUROPE-EURO), L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE LOAN ADVISORS III (EUROPE-US$), L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE LOAN ADVISORS IV, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE LOAN ADVISORS VI, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE LOAN ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE LOAN OPPORTUNITY FUND V (EUROPE-EURO), L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. BAYSIDE LOAN OPPORTUNITY FUND V (EUROPE-US$), L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. BIOHEALTH ADVISORS III, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. BIOVENTURES ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. BRAZIL & LATIN AMERICA ADVISORS, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. CAPITAL - TMRS CAPELLA SMA ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. CAPITAL - VIRTUS SMA ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. EUROPE ADVISORS II, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. EUROPE ADVISORS III, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. EUROPE ADVISORS, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. EUROPE MIDDLE MARKET ADVISORS-CA, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. EUROPE MIDDLE MARKET ADVISORS, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. EUROPE REALTY ADVISORS II (US$), L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. EUROPE REALTY ADVISORS II, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. GLOBAL CAPITAL PARTNERS GP, LTD.	n/a	n/a	n/a	N	yes	n/a
H.I.G. GROWTH ADVISORS II, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. GROWTH ADVISORS III, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. HALCYON SMA ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. MIDDLE MARKET ADVISORS II, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. MIDDLE MARKET ADVISORS III, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. PARTNERS II, L.P.	n/a	n/a	n/a	N	yes	n/a
H.I.G. PRIVATE EQUITY CO-INVESTMENT ADVISORS, LLC	n/a	n/a	n/a	N	yes	n/a
H.I.G. REALTY ADVISORS III, LLC	n/a	n/a	n/a	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2020	Mar 31, 2021	$2,367	$2,367	3	3	0	1	$2,367
2019	Mar 30, 2020	$194,485	$194,485	3	3	0	1	$194,485
2018	Mar 29, 2019	$831,524	$831,524	3	3	1	1	$831,524
2017	Mar 30, 2018	$15.4M	$15.4M	3	3	1	2	$15.4M
2016	Mar 30, 2017	$127M	$127M	23	19	n/a	2	$127M
2015	Mar 30, 2016	$211M	$211M	22	18	n/a	3	$211M
2014	Mar 31, 2015	$399M	$399M	24	17	n/a	5	$590M
2013	Mar 31, 2014	$590M	$590M	26	20	n/a	6	$590M
2012	Apr 1, 2013	$926M	$926M	19	15	n/a	6	$947M
2011	Apr 2, 2012	$1.1B	$1.1B	n/a	n/a	n/a	1	$20.4M

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2020	$2,367	$194,485	-98.8%	$15.4M	-94.6%	3	3	0	0

Relationships

Affiliated with (2)

→ H.I.G. CAPITAL, LLCRegistered adviserother investment adviser, control
factsec_form_adv_history
→ H.I.G. WHITEHORSE ADVISERS, LLCRegistered adviserother investment adviser, pooled vehicle sponsor, common control
factsec_form_adv_history

Advises (6)

→ WHITEHORSE IV, LTD.Private fundSecuritized Asset Fund, IA
Apr 1, 2013 to presentfactsec_form_adv_history
→ WHITEHORSE III, LTD.Private fundSecuritized Asset Fund, IA, no longer reported
Apr 1, 2013 to Mar 30, 2018factsec_form_adv_history
→ WHITEHORSE V, LTD.Private fundSecuritized Asset Fund, IA, no longer reported
Apr 1, 2013 to Mar 30, 2016factsec_form_adv_history
→ WHITEHORSE II, LTD.Private fundSecuritized Asset Fund, IA, no longer reported
Apr 1, 2013 to Apr 1, 2015factsec_form_adv_history
→ WHITEHORSE CREDIT MASTER FUND, LPPrivate fundHedge Fund, IA, no longer reported
Apr 2, 2012 to Apr 1, 2015factsec_form_adv_history
→ WHITEHORSE I, LTD.Private fundSecuritized Asset Fund, IA, no longer reported
Apr 1, 2013 to Mar 31, 2014factsec_form_adv_history

Controls (7)

← WORLEY, JARRED, DUFFOwnerMEMBER, ownership code C, individual
Apr 2, 2012 to presentfactsec_form_adv_history
← WORLEY, JARRED, DUFFOwnerCHIEF COMPLIANCE OFFICER, ownership code C, individual
Apr 2, 2012 to presentfactsec_form_adv_history
← CARVELL, JAMES, DEMUSOwnerMEMBER, ownership code C, individual
Apr 2, 2012 to presentfactsec_form_adv_history
← CARVELL, JAMES, DEMUSOwnerLIMITED PARTNER, ownership code C, individual
Apr 2, 2012 to presentfactsec_form_adv_history
← UNDERWOOD, ETHAN, MICHAELOwnerMEMBER, ownership code C, individual
Apr 2, 2012 to presentfactsec_form_adv_history
← UNDERWOOD, ETHAN, MICHAELOwnerLIMITED PARTNER, ownership code C, individual
Apr 2, 2012 to presentfactsec_form_adv_history
← WHITEROCK ASSET ADVISORS, LLCOwnerGENERAL PARTNER, ownership code NA, domestic entity
Apr 2, 2012 to presentfactsec_form_adv_history

Dated events

Occurred
Mar 30, 2018
Regulatory AUM changed
Whitehorse Capital Partners, L.P. reported RAUM $15.4M, down 88% from $127.1M (2017-03-30 to 2018-03-30)
sec_form_adv_historyobserved 3 days ago
$-112M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:80a8a425-ea0c-d391-75ec-4be8ca4c75db
First observed: Apr 2, 2012
Last observed: Mar 31, 2021 66 months ago
Sources: sec_form_adv_history, sec_adv_roster, iapd_firm_feed
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

WHITEHORSE CAPITAL PARTNERS, L.P.

CRD 126528

DALLAS, TX

Data as of Mar 31, 2021 (this record's last observation) from sec_form_adv_history, sec_adv_roster, iapd_firm_feed. Page built Sep 18, 2026, 11:05 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

WHITEHORSE III, LTD.

Securitized Asset Fund

$2.0M

Mar 30, 2018

Apr 1, 2013

dropped

n/a

WHITEHORSE II, LTD.

Securitized Asset Fund

$1.5M

Apr 1, 2015

Apr 1, 2013

dropped

n/a

WHITEHORSE I, LTD.

Securitized Asset Fund

$250,642

Mar 31, 2014

Apr 1, 2013

dropped

n/a

WHITEHORSE V, LTD.

Securitized Asset Fund

$214,367

Mar 30, 2016

Apr 1, 2013

dropped

n/a

WHITEHORSE CREDIT MASTER FUND, LP

Hedge Fund

$55,000

Apr 1, 2015

Apr 2, 2012

dropped

n/a

WHITEHORSE IV, LTD.

Securitized Asset Fund

$2,367

Mar 31, 2021

Apr 1, 2013

reported

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

CARVELL, JAMES, DEMUS

LIMITED PARTNER

yes

07/2002

Apr 2, 2012

Mar 31, 2021

CARVELL, JAMES, DEMUS

MEMBER

yes

07/2002

Apr 2, 2012

Mar 31, 2021

UNDERWOOD, ETHAN, MICHAEL

MEMBER

yes

07/2002

Apr 2, 2012

Mar 31, 2021

UNDERWOOD, ETHAN, MICHAEL

LIMITED PARTNER

yes

07/2002

Apr 2, 2012

Mar 31, 2021

WHITEROCK ASSET ADVISORS, LLC

GENERAL PARTNER

yes

07/2002

Apr 2, 2012

Mar 31, 2021

WORLEY, JARRED, DUFF

MEMBER

yes

07/2002

Apr 2, 2012

Mar 31, 2021

WORLEY, JARRED, DUFF

CHIEF COMPLIANCE OFFICER

yes

07/2002

Apr 2, 2012

Mar 31, 2021

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

H.I.G. CAPITAL, LLC

n/a

ASSET MANAGER

$72B

n/a

H.I.G. WHITEHORSE ADVISERS, LLC

n/a

ASSET MANAGER

$615M

yes

n/a

BAYSIDE CAPITAL, INC.

n/a

yes

n/a

BAYSIDE OPPORTUNITY ADVISORS, L.L.C.

n/a

yes

n/a

H.I.G. ADVANTAGE ADVISORS, LLC

n/a

yes

n/a

H.I.G. ADVISORS III, L.L.C.

n/a

yes

n/a

H.I.G. ADVISORS IV, L.L.C.

n/a

yes

n/a

H.I.G. ADVISORS V, L.L.C.

n/a

yes

n/a

H.I.G. ADVISORS VI, LLC

n/a

yes

n/a

H.I.G. ADVISORS, L.L.C.

n/a

yes

n/a

H.I.G. ASSOCIATES III, L.P.

n/a

yes

n/a

H.I.G. BAYSIDE ADVISORS II, L.L.C.

n/a

yes

n/a

H.I.G. BAYSIDE LOAN ADVISORS III (EUROPE-EURO), L.P.

n/a

yes

n/a

H.I.G. BAYSIDE LOAN ADVISORS III (EUROPE-US$), L.P.

n/a

yes

n/a

H.I.G. BAYSIDE LOAN ADVISORS IV, LLC

n/a

yes

n/a

H.I.G. BAYSIDE LOAN ADVISORS VI, LLC

n/a

yes

n/a

H.I.G. BAYSIDE LOAN ADVISORS, LLC

n/a

yes

n/a

H.I.G. BAYSIDE LOAN OPPORTUNITY FUND V (EUROPE-EURO), L.P.

n/a

yes

n/a

H.I.G. BAYSIDE LOAN OPPORTUNITY FUND V (EUROPE-US$), L.P.

n/a

yes

n/a

H.I.G. BIOHEALTH ADVISORS III, LLC

n/a

yes

n/a

H.I.G. BIOVENTURES ADVISORS, LLC

n/a

yes

n/a

H.I.G. BRAZIL & LATIN AMERICA ADVISORS, L.P.

n/a

yes

n/a

H.I.G. CAPITAL - TMRS CAPELLA SMA ADVISORS, LLC

n/a

yes

n/a

H.I.G. CAPITAL - VIRTUS SMA ADVISORS, LLC

n/a

yes

n/a

H.I.G. EUROPE ADVISORS II, L.P.

n/a

yes

n/a

H.I.G. EUROPE ADVISORS III, L.P.

n/a

yes

n/a

H.I.G. EUROPE ADVISORS, L.P.

n/a

yes

n/a

H.I.G. EUROPE MIDDLE MARKET ADVISORS-CA, L.P.

n/a

yes

n/a

H.I.G. EUROPE MIDDLE MARKET ADVISORS, L.P.

n/a

yes

n/a

H.I.G. EUROPE REALTY ADVISORS II (US$), L.P.

n/a

yes

n/a

H.I.G. EUROPE REALTY ADVISORS II, L.P.

n/a

yes

n/a

H.I.G. GLOBAL CAPITAL PARTNERS GP, LTD.

n/a

yes

n/a

H.I.G. GROWTH ADVISORS II, LLC

n/a

yes

n/a

H.I.G. GROWTH ADVISORS III, LLC

n/a

yes

n/a

H.I.G. HALCYON SMA ADVISORS, LLC

n/a

yes

n/a

H.I.G. MIDDLE MARKET ADVISORS II, LLC

n/a

yes

n/a

H.I.G. MIDDLE MARKET ADVISORS III, LLC

n/a

yes

n/a

H.I.G. PARTNERS II, L.P.

n/a

yes

n/a

H.I.G. PRIVATE EQUITY CO-INVESTMENT ADVISORS, LLC

n/a

yes

n/a

H.I.G. REALTY ADVISORS III, LLC

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2020

Mar 31, 2021

$2,367

2019

Mar 30, 2020

$194,485

2018

Mar 29, 2019

$831,524

2017

Mar 30, 2018

$15.4M

2016

Mar 30, 2017

$127M

n/a

$127M

2015

Mar 30, 2016

$211M

n/a

$211M

2014

Mar 31, 2015

$399M

n/a

$590M

2013

Mar 31, 2014

$590M

n/a

$590M

2012

Apr 1, 2013

$926M

n/a

$947M

2011

Apr 2, 2012

$1.1B

n/a

$20.4M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2020

$2,367

$194,485

-98.8%

$15.4M

-94.6%