Cushing Asset Management, LP
● SEC registered since 2004CRD 131517SEC# 801-63255Dallas, TX
Ranks #2,342 of 6,037 private fund managers by regulatory AUM.
Reg. AUM
$1.75B
Fund GAV
$29.1M
Private funds
1
Employees
10
Accounts
6
Location
Dallas, TX
Cushing Asset Management, LP assets under management
Cushing Asset Management, LP is an investment advisory firm registered with the SEC based in Dallas, TX. The firm has been registered since 2004. It reports $1.8 billion in regulatory assets under management and employs 10 people. Cushing Asset Management, LP manages 1 private fund with combined gross assets of $29.1 million, including The Cushing Fund, LP. By regulatory assets, it ranks 2,342 of 6,037 private fund managers.
Cushing Asset Management, LP private funds
1 funds · $29.1M GAV| Fund | Type | Gross assets | Min. |
|---|---|---|---|
| The Cushing Fund, LP | Hedge | $29.1M | $1M |
Cushing Asset Management, LP owners & executives
9 reported| Name | Title | Ownership | Since |
|---|---|---|---|
| Blake Robert Nelson Control | Chief Financial Officer | Under 5% | 2021 |
| Brad Benjamin Mead Control | Chief Compliance Officer | Under 5% | 2024 |
| Jerry Vane Swank Control | Limited Partner | 25-50% | 2003 |
| John Marshall Musgrave Control | President And Ceo (10/2023) Managing Partner (12/2022) And Co-Chief Investment Officer | Under 5% | 2019 |
| Nxg Cushing, LLC Control | General Partner | 50-75% | 2026 |
| Todd William Sunderland Control | Chief Operating Officer And Chief Risk Officer | Under 5% | 2022 |
| Blake Robert Nelson Control | Managing Member | 25-50% | 2024 |
| John Marshall Musgrave Control | Managing Member | 25-50% | 2024 |
| Todd William Sunderland Control | Managing Member | 25-50% | 2024 |
Frequently asked questions
How much does Cushing Asset Management, LP manage?
Cushing Asset Management, LP reports $1.8 billion in regulatory assets under management on its Form ADV.
How many private funds does Cushing Asset Management, LP manage?
Cushing Asset Management, LP manages 1 private funds with combined gross assets of $29.1 million.
How many employees does Cushing Asset Management, LP have?
Cushing Asset Management, LP reports 10 employees.
Where is Cushing Asset Management, LP located?
Cushing Asset Management, LP is based in Dallas, TX and has been SEC-registered since 2004.
Does Cushing Asset Management, LP disclose fund performance?
Cushing Asset Management, LP is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.
Contact & registration

| Address | One Energy Square, 4925 Greenville Avenue, Suite 1310, Dallas, TX 75206 |
| Phone | 214-692-6334 |
| Fax | 214-219-2353 |
| Office hours | 8a.m.-5p.m. |
| SEC region | Fort Worth Regional Office (FWRO) |
| CIK | 1329375 |
| Discloses disciplinary history | Yes |
Regulatory AUM
$1.75B▲ 19%
Mar '25Form ADV, monthlyAug '26
How this firm compares
Regulatory AUMTop 24%
Larger than 76% of 16,340 advisers
AUM vs fund managersTop 39%
Larger than 61% of 6,037 private-fund managers
Number of fundsTop 77%
More funds than 23% of fund managers
EmployeesTop 40%
More than 60% of 16,820 advisers
Assets under management
$1.75Bregulatory AUM
Discretionary $1.75BNon-discretionary $952K