CastleArk Alternatives, LLC

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Total assets under management

$8,240,000

Total clients

Total advisors

of 5 employees

Firm size

Investment Manager

May not manage individual clients

Average clients per advisor

—

Average account size

—

About

CastleArk Alternatives, LLC sponsors and manages unregistered private investment funds for qualified investors and institutional allocators, with its funds most recently concentrated in energy-sector investments including strategies that target master limited partnerships and energy infrastructure. As disclosed in its ADV, CastleArk Alternatives reported approximately $8 million in assets under management as of December 31, 2024 and operates alongside an affiliated adviser (CastleArk Management), which manages a substantially larger institutional equity platform.

The firm’s investment approach for its alternative funds emphasizes fundamental company research and sector-focused portfolio construction, with discretionary portfolio management and the potential to earn performance-based fees where permitted. CastleArk Alternatives and its affiliate share senior investment and trading resources and apply combined trading and compliance procedures intended to address allocation and side‑by‑side management conflicts.

What is noteworthy for this manager is the narrow sector specialization and vehicle type — private funds focused on energy and MLPs rather than broad multi-asset pooled products — combined with the use of affiliate resources from a larger equity adviser. The funds require accredited or qualified purchaser status (private fund minimums reported at $1 million) and the adviser operates with documented policies for soft-dollar/commission sharing, trade aggregation, and post-trade compliance reviews to manage conflicts between performance-fee and non-performance-fee accounts.

Client services

Portfolio management

Expertise

Active portfolio management Private / alternative investments Concentrated stock management ESG / Sustainable investing

Occupation focus

Retired

Fee options

Percentage

$0 - $25,000,000: 0.70% (Large Cap Growth) $25,000,000 - $50,000,000: 0.60% (Large Cap Growth) $50,000,000+: 0.50% (Large Cap Growth) $0 - $25,000,000: 0.85% (Mid Cap and SMID Cap Growth) $25,000,000 - $50,000,000: 0.75% (Mid Cap and SMID Cap Growth) $50,000,000+: 0.65% (Mid Cap and SMID Cap Growth) $0+: 1.00% (Small Cap Growth) $0+: 1.25% (International) $0+: Negotiable (All Cap Growth) $0+: 1.25% to 1.00% (Energy, Global Energy and MLPs) $0 - $25,000,000: 0.45% (Fixed-income) $25,000,000 - $50,000,000: 0.30% (Fixed-income) $50,000,000+: 0.20% (Fixed-income) $0 - $25,000,000: 0.70% (Balanced portfolios) $25,000,000 - $50,000,000: 0.60% (Balanced portfolios) $50,000,000+: 0.50% (Balanced portfolios)

Performance-based

Performance-based bonus fees for some separately managed accounts, payable only if returns exceed specified benchmark; performance fees for private investment funds managed by CastleArk Alternatives, typically including a quarterly management fee up to 0.5% per quarter (2% annually) and additional performance fees based on fund documents

Other

Account minimum: $10 million for separately managed accounts; $1 million for private funds managed by CastleArk Alternatives; approximately $100,000 for wrap fee program clients

Main office location

CastleArk Alternatives, LLC

1 N. Wacker Drive, Suite 3950

Chicago IL 60606, United States

Number of offices

Most active in

Illinois

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

312 456 9682

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