Torchlight Investors, Llc
- Regulatory AUM
- $5.8B
- Discretionary
- $5.8B
- Clients
- 8
- Avg AUM / client
- $730M
- Accounts
- 8
- Employees
- 52
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 8 | $5.8B | 100.0% |
Private funds (7)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $6.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Torchlight Debt Fund Vii, Lp master | Hedge Fund | Delaware | $2.9B | 63 |
| Torchlight Debt Fund Viii, Lp master | Hedge Fund | Delaware | $1.6B | 34 |
| Torchlight Debt Fund Vi, Lp master | Hedge Fund | Delaware | $1.5B | 59 |
| Torchlight Debt Opportunity Fund V, Lp master | Private Equity Fund | Delaware | $423M | 38 |
| Torchlight Debt Fund Viii Distressed Co Investments, Lp | Hedge Fund | Delaware | $73.4M | 14 |
| Torchlight Debt Opportunity Fund Iv, Llc master | Private Equity Fund | Delaware | $51.9M | 40 |
| Torchlight Credit Fund, Llc | Other Private Fund | Delaware | $4.0M | 19 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| North Central States Regional Council Of Carpenters Pension Fund Joint Board Of Trustees Of North Central States Regional Council Of | 2024 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Heflin, Daniel, Simon | Founder, Managing Partner, Co Chief Investment Officer | Jan 1998 (29y) | ≈ 28.13% – 75% via Torch Conerly, Llc | |
| Young, Marc, Steven | Managing Partner, Co Chief Investment Officer | Mar 2013 (13y) | Less than 5% | |
| Dorregaray, Felipe | Managing Partner, Chief Operating Officer | Apr 2018 (8y) | Less than 5% | |
| Dineen, Gregory, Paul | Managing Partner, Co Chief Investment Officer | Feb 2024 (3y) | Less than 5% | |
| Kerr, Jason, St. Clare | Chief Compliance Officer / General Counsel | Oct 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Torchlight Holdings Llc | Member | Sep 2011 | A | 75% or more |
| Torch Conerly, Llc | Member | Sep 2011 | B | ≈ 37.5% – 75% via Torchlight Holdings Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Heflin, Daniel, Simon: 75% – 100% of Torch Conerly, Llc × 50% – 75% of Torchlight Holdings Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Torch Conerly, Llc: 50% – 75% of Torchlight Holdings Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (7, $6.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Torchlight Debt Fund Vii, Lp | Hedge Fund | $2.9B | $10.0M | 63 |
| Torchlight Debt Fund Viii, Lp | Hedge Fund | $1.6B | $10.0M | 34 |
| Torchlight Debt Fund Vi, Lp | Hedge Fund | $1.5B | $10.0M | 59 |
| Torchlight Debt Opportunity Fund V, Lp | Private Equity Fund | $423M | $5.0M | 38 |
| Torchlight Debt Fund Viii Distressed Co Investments, Lp | Hedge Fund | $73.4M | $10.0M | 14 |
| Torchlight Debt Opportunity Fund Iv, Llc | Private Equity Fund | $51.9M | $5.0M | 40 |
| Torchlight Credit Fund, Llc | Other Private Fund | $4.0M | $3.0M | 19 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| North Central States Regional Council Of Carpenters Pension Fund | Joint Board Of Trustees Of North Central States Regional Council Of | 7,316 | $1.8B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 2.44 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗