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Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 8 -11.11%
of those in investment advisory functions 7 -12.50%
Registration SEC, Approved, 7/14/2015
Other registrations (2)
AUM* 828,364,101 -6.33%
of that, discretionary 828,364,101 -6.33%
Private Fund GAV* 668,601,809 -1.69%
Avg Account Size 92,040,456 4.07%
SMA’s No
Private Funds 8 1
Contact Info 817 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 877M 731M 585M 438M 292M 146M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count8 GAV$668,601,809

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Brochure Summary

Overview

A. Vortus Investment Advisors, LLC, a Texas limited liability company, is a private equity firm located in Fort Worth, Texas. The Adviser provides investment advisory services to pooled investment vehicles (each a “Fund” and together the “Funds”) that are exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Adviser was formed in 2012 and is principally owned by Jeffrey W. Miller and Brian C. Crumley (collectively, the “Principals”). The Funds are managed by the Principals, who have more than 45 years of complementary global energy experience across a wide range of financial disciplines supported by a foundation of technical and operational support. They have invested across various domestic regions and internationally. The Principals have deep energy experience in petroleum engineering, private equity operations/management, investment banking/M&A, capital markets, public equity and debt investing or restructuring. B. Investment advisory services include establishing each Fund’s investment objective and selecting portfolio investments according to each Fund’s specific investment strategy, as described in the applicable Fund’s governing documents (including confidential offering memoranda, as applicable) (the “Offering Documents”). The investment activity of the Adviser generally focuses on onshore Exploration & Production (“E&P”) opportunities in the U.S. lower middle market. The Adviser seeks investment opportunities in which the Adviser can partner with owner/operators on specific assets with conservative capital structures that provide downside protection, enhanced visibility of investment performance and multiple exit options. The Adviser provides investment advisory services to each of the Funds pursuant to separate advisory agreements or the other governing
documents. Investment advice is provided by Vortus directly to the Funds, subject to the direction and control of the affiliated general partner of such Fund. Any restrictions on investments in certain types of securities are established by the general partner of the applicable Fund and are set forth in the Offering Documents for each respective Fund. Fund investors have imposed restrictions on the types of securities in which such Fund may invest, including being restricted from investing in securities of an issuer that (i) has its principal place of business outside the contiguous United States, (ii) is a publicly listed company (subject to the exceptions described in the Offering Documents) or (iii) is a commingled blind- pool investment fund that has not identified to its investors the specific transactions in which it proposes to invest prior to the time such investors commit to invest in such investment fund and that requires the payment of a management or similar fee or “carried interest” in respect of the investment fund’s invested capital or similar incentive fee to the manager or sponsor of such commingled investment fund (subject to the exceptions described in the Offering Documents). Admission to the Funds managed by the Adviser is not open to the general public. C. While each of its Funds will follow the general strategy stated above, the Adviser tailors its advisory services based on the individual investment strategy of each Fund and the investment guidelines and restrictions stated in each Fund’s respective Offering Documents. The Adviser does not tailor its investment advisory services to individual limited partners in any of the Funds. D. The Adviser does not participate in wrap fee programs. E. As of December 31, 2023, the Adviser managed approximately $828 million in regulatory assets under management of client assets on a discretionary basis. The Adviser does not currently manage assets on a non-discretionary basis.