High Plateau Asset Management Appointed as Receiver for Equilus Group and Related Investment Entities

OLYMPIA, Wash. – April 23, 2026 – High Plateau Asset Management, LLC (HPAM) has been appointed by the Thurston County Superior Court as general receiver for Equilus Group, Inc., Equilus Capital Partners, LLC, and related investment entities, following a petition by the Washington State Department of Financial Institutions.

Click here to see DFI’s press release on the case.

HPAM encourages all investors and affected parties to reach out with questions or concerns. We are committed to transparent communication and will work diligently to keep stakeholders informed throughout this process.

This page will be updated as new information becomes available.

About the Case

The receivership encompasses eight entities: Equilus Group, Inc., Equilus Capital Partners, LLC, Cheney Park Commons I, LLC, Cheney Park Commons II, LLC, OldTown Commons, LLC, 1421 Meadow Wood, DST, ECP Opportunities Fund I, LP, and Colt Creek Real Estate, LLC. The action was initiated by the Washington State Department of Financial Institutions to protect investor assets and prevent further dissipation of funds.

HPAM has been tasked with protecting investors and stabilizing operations, including:

• Preserving the status quo and preventing further asset dissipation
• Determining the financial condition of all entities
• Taking control of investor proceeds and company assets
• Managing all accounts and assets held by the companies
• Preventing further loss, damage, and injury to investors
• Collecting and administering funds held at multiple financial institutions for the benefit of investors

Statement from Gene Buccola, CEO of High Plateau Asset Management

“HPAM brings years of specialized experience in receivership and distressed asset management, particularly with closely held businesses and investment entities. We are well-qualified to handle the complexities of this matter and are committed to delivering results that protect investor interests and maximize asset recovery.”

“At this moment, we ask stakeholders for patience as we take the necessary time to absorb and understand all facets of these operations. A thorough assessment is essential to developing the right path forward, and we will provide transparent updates throughout this process.”

About High Plateau Asset Management

High Plateau Asset Management, LLC is a full-service firm specializing in receivership and distressed asset management services, with extensive experience managing complex financial situations involving closely held businesses, limited liability companies, and partnership interests.