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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

OVATION PARTNERS, LP

CRD 166145

SAN ANTONIO, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:e40fea53-5c3a-dcd7-b198-ee5560de2446

Data as of Jul 17, 2023 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 12:41 AM UTC and rebuilt at most every 15 minutes.

Relationships: 14
Dated events: 7
On other graphs: 3
Observed: May 19, 2015 to Jul 17, 2023
22 observations

Across DFX

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

Private Equityidentity

Ovation Partners, LP

Private equity manager · shared crd

Private Creditidentity

OVATION PARTNERS, LP

Private credit manager · shared crd

Real Estate Fundsidentity

Ovation Partners, LP

Real estate fund 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: $173MItem 5.F on the latest filing (2023-07-17); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $173M
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: 10
Advisory employees: 3
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 3
Private funds: 2Schedule D 7.B(1)
Private fund GAV: $25.9Mgross asset value as reported per fund; never fund size
Custody, client assets: $0
SEC number: 801-97339
CRD: 166145
Filings on the tape: 22
First filed: May 19, 2015
Latest filed: Jul 17, 2023
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
FGMS FUND IV, LP	Real Estate Fund	$32.7M	May 22, 2013	88	Mar 30, 2012	dropped	021-163602
FGMS FUND V, LP	Real Estate Fund	$18.4M	May 22, 2013	73	Mar 30, 2012	dropped	021-176557
OVATION CREDIT OPPORTUNITY FUND, LP	Private Equity Fund	$8.9M	May 22, 2013	64	Nov 28, 2012	dropped	021-186150
FGMS FUND III, LP	Real Estate Fund	$3.8M	May 22, 2013	47	Mar 30, 2012	dropped	021-163601
OVATION CREDIT OPPORTUNITY FUND LP	Hedge Fund	$22,548	Sep 29, 2017	71	Mar 31, 2015	dropped	021-186150
FGMS FUND V LP	Hedge Fund	$0	Sep 29, 2017	76	Mar 31, 2015	dropped	021-176557

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
OVATION MANAGEMENT LLC	GENERAL PARTNER	Na	yes	06/2012	Mar 31, 2017	Jul 17, 2023
ROVNER, MICHAEL, JACOB	Member	E	yes	10/2012	May 19, 2015	Jul 17, 2023
ROVNER, MICHAEL, JACOB	LIMITED PARTNER	D	yes	10/2012	May 19, 2015	Jul 17, 2023
SERRA, JEFFREY, ROBERT	LIMITED PARTNER	D	yes	10/2012	May 19, 2015	Jul 17, 2023
CREEL, JACK, CHRISTOPHER	CHIEF COMPLIANCE OFFICER	Na	no	07/2023	Jul 17, 2023	Jul 17, 2023

Affiliates (Item 7.A)

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

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
OBRA CAPITAL MANAGEMENT, LLC.	n/a	Asset manager	$5.7B	N	yes	n/a
DERBY RR OZ GP LLC	n/a	n/a	n/a	Y	yes	n/a
KRESS OZ GP LLC	n/a	n/a	n/a	Y	yes	n/a
OVATION FUND MANAGEMENT I, LLC	n/a	n/a	n/a	Y	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
2022	Mar 30, 2023	$466M	$466M	27	11	0	2	$27.1M
2021	Mar 31, 2022	$544M	$544M	25	10	0	2	$28.6M
2020	Mar 31, 2021	$684M	$684M	29	10	0	2	$34.5M
2019	Mar 30, 2020	$762M	$762M	34	12	0	2	$33.8M
2018	Mar 29, 2019	$656M	$656M	33	12	0	n/a	n/a
2017	Mar 30, 2018	$647M	$647M	27	11	0	n/a	n/a
2016	Mar 31, 2017	$543M	$543M	22	7	n/a	2	$22,548
2015	Mar 30, 2016	$281M	$281M	14	7	n/a	2	$13.6M

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
2022	$173M	$544M	-68.2%	$762M	-39.0%	10	25	0	0

Relationships

Affiliated with (1)

→ OBRA CAPITAL MANAGEMENT, LLC.Registered adviserother investment adviser, common control
factForm ADV

Controls (3)

← SERRA, JEFFREY, ROBERTOwnerLIMITED PARTNER, ownership code D, individual
May 19, 2015 to presentfactForm ADV
← ROVNER, MICHAEL, JACOBOwnerMEMBER, ownership code E, individual
May 19, 2015 to presentfactForm ADV
← OVATION MANAGEMENT LLCOwnerGENERAL PARTNER, ownership code NA, domestic entity
Mar 31, 2017 to presentfactForm ADV

Owns (1)

← CREEL, JACK, CHRISTOPHEROwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Jul 17, 2023 to presentfactForm ADV

Registered with (2)

← JEFFREY ROBERT SERRAAdvisorregistration: previous registration
Jul 7, 2015 to Nov 28, 2023factForm ADV
← JOHN WALTON SIMMONSAdvisorregistration: previous registration
Aug 26, 2015 to Nov 28, 2023factForm ADV

Advises (6)

→ FGMS FUND V LPPrivate fundHedge Fund, IA, no longer reported
Mar 31, 2015 to Sep 29, 2017factForm ADV
→ OVATION CREDIT OPPORTUNITY FUND LPPrivate fundHedge Fund, IA, no longer reported
Mar 31, 2015 to Sep 29, 2017factForm ADV
→ FGMS FUND V, LPPrivate fundReal Estate Fund, ERA, no longer reported
Mar 30, 2012 to May 22, 2013factForm ADV
→ FGMS FUND III, LPPrivate fundReal Estate Fund, ERA, no longer reported
Mar 30, 2012 to May 22, 2013factForm ADV
→ FGMS FUND IV, LPPrivate fundReal Estate Fund, ERA, no longer reported
Mar 30, 2012 to May 22, 2013factForm ADV
→ OVATION CREDIT OPPORTUNITY FUND, LPPrivate fundPrivate Equity Fund, ERA, no longer reported
Nov 28, 2012 to May 22, 2013factForm ADV

Dated events

Occurred
Nov 28, 2023
Advisor departed, no destination yet
Jeffrey Robert Serra no longer registered at Ovation Partners, Lp; no later IA registration on IAPD
Form ADVobserved 3 days ago
Occurred
Nov 28, 2023
Advisor changed firm
John Walton Simmons left Ovation Partners, Lp for Invicta Advisors Llc (registered 2023-12-11)
Form ADVobserved 3 days ago
Occurred
Jul 17, 2023
Regulatory AUM changed
Ovation Partners, Lp reported RAUM $172.7M, down 63% from $465.5M (2023-05-05 to 2023-07-17)
Form ADVobserved 3 days ago
$-293M
Occurred
Jul 17, 2023
Control person left
Kaitlyn Anna Jones (Chief Compliance Officer; Director Of Investor Relations) no longer on Schedule A of Ovation Partners, Lp (listed 2023-05-05, absent 2023-07-17)
Form ADVobserved 3 days ago
Occurred
May 5, 2023
Control person left
Ann Melissa Mccarthy (Chief Financial Officer) no longer on Schedule A of Ovation Partners, Lp (listed 2023-03-30, absent 2023-05-05)
Form ADVobserved 3 days ago
Occurred
Aug 10, 2022
Control person joined
Kaitlyn Anna Jones (Chief Compliance Officer; Director Of Investor Relations) appeared on Schedule A of Ovation Partners, Lp
Form ADVobserved 3 days ago
Occurred
May 19, 2015
First Form ADV filing
Ovation Partners, Lp filed its initial SEC registration (Form ADV)
Form ADVobserved 3 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:e40fea53-5c3a-dcd7-b198-ee5560de2446
First observed: May 19, 2015
Last observed: Jul 17, 2023 38 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
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.

OVATION PARTNERS, LP

CRD 166145

SAN ANTONIO, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:e40fea53-5c3a-dcd7-b198-ee5560de2446

Data as of Jul 17, 2023 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 12:41 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

FGMS FUND IV, LP

Real Estate Fund

$32.7M

May 22, 2013

Mar 30, 2012

dropped

021-163602

FGMS FUND V, LP

Real Estate Fund

$18.4M

May 22, 2013

Mar 30, 2012

dropped

021-176557

OVATION CREDIT OPPORTUNITY FUND, LP

Private Equity Fund

$8.9M

May 22, 2013

Nov 28, 2012

dropped

021-186150

FGMS FUND III, LP

Real Estate Fund

$3.8M

May 22, 2013

Mar 30, 2012

dropped

021-163601

OVATION CREDIT OPPORTUNITY FUND LP

Hedge Fund

$22,548

Sep 29, 2017

Mar 31, 2015

dropped

021-186150

FGMS FUND V LP

Hedge Fund

Sep 29, 2017

Mar 31, 2015

dropped

021-176557

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

OVATION MANAGEMENT LLC

GENERAL PARTNER

yes

06/2012

Mar 31, 2017

Jul 17, 2023

ROVNER, MICHAEL, JACOB

Member

yes

10/2012

May 19, 2015

Jul 17, 2023

ROVNER, MICHAEL, JACOB

LIMITED PARTNER

yes

10/2012

May 19, 2015

Jul 17, 2023

SERRA, JEFFREY, ROBERT

LIMITED PARTNER

yes

10/2012

May 19, 2015

Jul 17, 2023

CREEL, JACK, CHRISTOPHER

CHIEF COMPLIANCE OFFICER

07/2023

Jul 17, 2023

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

OBRA CAPITAL MANAGEMENT, LLC.

n/a

Asset manager

$5.7B

yes

n/a

DERBY RR OZ GP LLC

n/a

yes

n/a

KRESS OZ GP LLC

n/a

yes

n/a

OVATION FUND MANAGEMENT I, LLC

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2022

Mar 30, 2023

$466M

$27.1M

2021

Mar 31, 2022

$544M

$28.6M

2020

Mar 31, 2021

$684M

$34.5M

2019

Mar 30, 2020

$762M

$33.8M

2018

Mar 29, 2019

$656M

n/a

2017

Mar 30, 2018

$647M

n/a

2016

Mar 31, 2017

$543M

n/a

$22,548

2015

Mar 30, 2016

$281M

n/a

$13.6M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2022

$173M

$544M

-68.2%

$762M

-39.0%