Our energy opportunities fund serves as a companion fund to our corporate opportunities funds and employs our flexible capital strategy to provide creative capital solutions across the energy industry. We seek to capitalize on structural changes occurring in the energy market, which have increased the need for flexible capital to fund production and infrastructure growth. We target high-quality assets that operate in oil and gas basins at the low-end of the cost curve through highly structured transactions in order to provide downside protection and mitigate commodity risk.
We target investment opportunities in businesses in top-tier basins in North America with superior well economics and low breakeven oil prices, with a focus on structuring transactions with downside protection and equity-like upside exposure. We generally define these businesses as having one or more of the following characteristics:
• Ability to gain control or seniority in the capital structure
• Exposure to top-tier basins
• Strong management teams
• Limited commodity exposure
• Differentiated asset / strategy
We seek to deploy capital across a differentiated opportunity set and throughout market cycles. We seek to achieve attractive returns by remaining focused on asset quality.
We employ our flexible capital strategy to provide creative capital solutions across the energy industry. We are positioned to take advantage of a broad array of investment opportunities which traditional buyout firms or direct lending / mezzanine firms may find difficult to access, due to either a limited investment mandate, limited experience executing structured capital transactions or a limited track record in being a consistent capital provider able to partner with management teams for growth.
Portfolio of Investments
The table below lists our current investments.
|Company Name||Initial Investment||Industry||Headquarters Location||Description|
|2018||Energy||TX||Independent oil and gas exploration and development company|
|2018||Energy||CA||Independent oil and gas exploration and development company|
|2017||Energy||TX||Long-haul midstream logistics company|
|2020||Energy||TX||Midstream company focused on developing and operating oil gathering and blending infrastructure assets|