9AT: HERONETTA MANAGEMENT, L.P.

other names

HERONETTA MANAGEMENT, L.P.

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 03/30/2012
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	253,627,326 -5%
of that, discretionary	253,627,326 -5%
Private Fund GAV^*	89,612,786 -4%
Avg Account Size	9,058,119 2%
% High Net Worth	96.43% 3%
SMA’s	Yes
Private Funds	1

Adviser Type

- Large advisory firm

Number of Employees 5

of those in investment advisory functions 3

Client Types

- High net worth individuals
- Pooled investment vehicles

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

SEC Fund Type	Count	GAV
Fund TypeOther Private Fund	Count1	GAV$89,612,786

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser FINANCE OF AMERICA CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM500.0k	#Funds-
Adviser BEAR MOUNTAIN CAPITAL INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund13.5m	Total Private Fund GAV13.5m	AUM375.0m	#Funds1
Adviser ARCO GLOBAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund260.4m	Total Private Fund GAV260.4m	AUM260.4m	#Funds1
Adviser HUNTER LEWIS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund2.3m	Total Private Fund GAV2.3m	AUM394.6m	#Funds1
Adviser AON ADVANTAGE FUNDS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM148.7m	#Funds-
Adviser LEDGER ILS MANAGERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM32.1m	#Funds-
Adviser ILLUMEN CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund544.9m	Total Private Fund GAV544.9m	AUM294.9m	#Funds7
Adviser RIDGEPOST CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund288.4m	Total Private Fund GAV288.4m	AUM288.4m	#Funds3
Adviser ORIGIN CREDIT ADVISERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund13.2m	Total Private Fund GAV13.2m	AUM538.0m	#Funds2
Adviser WEIK CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund51.4m	Total Private Fund GAV51.4m	AUM334.7m	#Funds2

Brochure Summary

Overview

Heronetta Management, L.P. (“Heronetta”), an investment advisory firm headquartered in New York, NY, was established in December 2007 by Henry R. Breck, who owns the majority of the firm. Heronetta manages assets for high-net-worth individuals and associated trusts, family offices, and insurance companies (“Investors”) employing a tax-advantaged income investment strategy centered on actively managed energy-related midstream infrastructure, Master Limited Partnerships and C-Corporations (collectively “MLPs”), which are publicly-traded vehicles. (Also see Section 8 for additional details of the strategy). Heronetta’s management has over 50 years of personal investment experience in the asset class, along with decades of industry experience in both oil and gas and investment management. Heronetta invests a substantial

amount of its liquid net worth in this same sector and strategy. Heronetta also advises a separate account portfolio of relatively high-yielding diversified Canadian listed securities. Heronetta serves as the investment manager for the Heron Income Fund, L.P., a pooled vehicle (“HIF” or the “Fund”). An affiliate of Heronetta serves as the general partner to the Fund. Heronetta also advises separately managed accounts for individuals, institutions and family. The Fund, along with the managed accounts, are Heronetta’s clients (the “Clients”). Heronetta may accommodate investors that have investment parameters and objectives and wish to impose restrictions not compatible with the Fund by opening a separately managed account. As of December 31, 2023, Heronetta managed $265,835,137 on a discretionary basis.

HERONETTA MANAGEMENT, L.P.

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview