# SALIENT CAPITAL L.P. X-17A-5 (2024-04-02) — Broker-dealer annual report - Company: SALIENT CAPITAL L.P. - Form: X-17A-5 - Filed: 2024-04-02 - Period: 2023-12-31 - Accession: 0001439866-24-000001 - CIK: 1439866 - File #: 8-67938 - Type: Broker-dealer - Material weakness: No - Auditor: Weaver & Tidwell, LLP - Auditor location: Houston, TX - Contact: Laura Lang - Phone: 310-441-2300 - Email: llang@westoodgroup.com - Website: westoodgroup.com - Signed by: Laura Lang (FINOP/CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1439866/000143986624000001/public.pdf.pdf --- {0}------------------------------------------------ # Salient Capital, L.P. Statement of Financial Condition and Report of Independent Registered Public Accounting Firm December 31, 2023 (This report is deemed public in accordance with rule 17a-5 (e)(3)) {1}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ## ANNUAL REPORTS FORM X-17A-5 PART III OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30. 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-67938 FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 12/31/23 FILING FOR THE PERIOD BEGINNING AND ENDING MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION Salient Capital, LP NAME OF FIRM: TYPE OF REGISTRANT (check all applicable boxes): = Broker-dealer = [ Security-based swap dealer = [ ] Major security-based swap participant [ Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 10000 Memorial Drive, Suite 650 (No. and Street) Houston TX 77024 (City) (State) (Zip Code) PERSON TO CONTACT WITH REGARD TO THIS FILING 310-441-2300 Laura Lang llang@westoodgroup.com (Name) (Area Code - Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* Weaver & Tidwell, LP (Name - if individual, state last, first, and middle name) 24 Greenway Plaza, Suite 1800 Houston TX 77046 (Address) (City) (State) (Zip Code) 10/14/2003 410 (Date of Registration with PCAOB)(if applicable) (PCAOB Registration Number, if applicable) FOR OFFICIAL USE ONLY \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ #### OATH OR AFFIRMATION | Laura Lang | , swear (or affirm) that, to the best of my knowledge and belief, the | | |----------------------------------------------------------------|-----------------------------------------------------------------------|-------| | financial report pertaining to the firm of Salient Capital, LP | | as of | | Danman and On | | | December 31 , 2 023 partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Notary Pub #### This filing \*\* contains (check all applicable boxes): - (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - □ (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [ (g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ {i) Computation of tangible net worth under 17 CFR 240.18a-2. - [] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - | (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - [ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - | (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - @ (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable. - [r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (t) Independent public accountant's report based on an examination of the statement of financial condition. - | (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - | (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - [ (z) Other: - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. Signature Title: FINOP/CFO The appropriate The appropriate The appropriation form California notary form offached. s attached. {3}------------------------------------------------ | | the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that | |--------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | STATE OF CALIFORNIA | | | COUNTY OF Los Angeles
Subscribed and sworn to (or affirmed) before me on this | day of | | by | Date
Month
Year | | | | | Name of Signers
proved to me on the basis of satisfactory evidence to be the person(s) who appeared before me. | | | Signature:
Signature of Notary Public | MEHRAN KHORRAMIAN
ALOF T
COMM. # 2466414
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NOTARY PUBLIC - CALIFORNIA
LOS ANGELES COUNTY
MY Comm. Exp. Nov. 9, 2027
ALIFORN
Seal
Place Notary Seal Above | | ---------------------------- OPTIONAL -------------- | | | Though this section is optional, completing this information of the document or fraudulent
attachment of this form to an unintended document. | | | nnuml
Description of Attached Document
Title or Type of Document: | | | Document Date: | | | Number of Pages: ------------------------------------------------------------------------ | | | Signer(s) Other Than Named Above: | | | | | | | | L {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## Report of Independent Registered Public Accounting Firm To the Partners and Management of Salient Capital, L.P. ## Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Salient Capital, L.P. (a Texas Limited Partnership) (the Partnership) as of December 31, 2023, and the related notes (collectively referred to as the financial statement). In our opinion, the financial statement presents fairly in all material respects, the financial position of the Partnership as of December 31, 2023 in conformity with accounting principles generally accepted in the United States of America. ## Restatement to Correct Previously Issued Financial Statements As discussed in Note 2 to the financial statements, the Partnership has restated its previously issued December 31, 2022 statement of financial condition. ## Basis for Opinion This financial statement is the responsibility of the Partnership's management. Our responsibility is to express an opinion on this financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Partnership in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Partnership is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. WEAVER AND TIDWELL, L.L.P. We have served as the Partnership's auditor since 2015. Houston, Texas April 1, 2024 Weaver and Tidwell, L.L.P. 4400 Post Oak Parkway Suite 1100 *|* Houston, Texas 77027 Main: 713.850.8787 CPAs AND ADVISORS | WEAVER.COM {5}------------------------------------------------ #### **)(\$+1 -(1 ) 1 1\$\*\$+1,%(+ +"( ),+#(1(,+ \$ /+#\$#\$"\$\*!\$/** | 00\$10 | | |-------------------------------------|----------| | -?4-:0/-?41=A5B-81:@? |

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