Zarvona Energy LLC (“Zarvona Energy” or the “Firm”) is registering with the SEC as a related adviser
under rule 203A-2(b) that controls an investment adviser that is registered with the SEC, and its principal
office and place of business is the same as the registered adviser. The name of the registered investment
adviser is The Salient Zarvona Energy Fund GP, L.P. Its CRD number is 162712, and its SEC number is
801-100449. The Salient Zarvona Energy Fund GP, L.P. is owned primarily by Zarvona Energy, Salient
Partners, L.P. (“Salient Partners”), and The Salient Zarvona Energy, GP LLC.
Zarvona Energy is a privately-held, independent oil & gas production and acquisition company founded
in 2010 and principally owned by Kathryn S. MacAskie. Zarvona Energy and its affiliates currently own
interests in operated oil and gas fields in Texas, Oklahoma, and Louisiana and non-operated fields in New
Mexico.
Investment Management Services
Zarvona Energy sponsors and serves as a discretionary fund manager to certain private equity funds
(“Fund” or “Funds” or “Client” or “Clients”). Through the Funds, the Firm provides fund management
and investment advisory services relating to the acquisition, development, ownership, operation, and sale
of oil and gas interests. The Funds are private, closed-end investment funds. Generally, a Fund has a “hard-
cap” on the aggregate amount of money that the Firm can raise for that particular Fund (the “Capital
Commitment Ceiling”). The Funds receive unfunded capital commitments (“Capital Commitments”) from
the Firm and Limited Partners (“LPs” or “Investors”) during one or more initial fundraising stages, after
which the Funds are generally closed to new investors.
Each Fund is structured as a limited partnership, with a wholly-owned subsidiary of the Firm serving as
the general partner of the Funds. During the life of a Fund, the general partner will, from time to time, call
on the Investors to make capital contributions (each a “Capital Contribution”, and collectively, “Capital
Contributions”)
in proportion to their respective Capital Commitments in order to satisfy one or more
capital calls for acquisitions, expenses, fees, or project investments (each a “Call for Capital”).
The primary business of the Funds is to invest directly in U.S. onshore oil and gas assets. The Firm
provides fund management and investment advisory services to the following Funds:
• Zarvona III-A, L.P. (“Fund III-A”)
• Zarvona III-B, L.P. (“Fund III-B”)
• Permian III-5 Co-Invest, L.P. (“Fund III-C”)
• Zarvona IV-A, L.P. (“Fund IV-A”)
• Zarvona IV-B, L.P. (“Fund IV-B”)
The general partners through which the Firm manages Fund III-A, Fund III-B, and Fund III-C file a single
Form ADV with the Firm in reliance on the position expressed by the SEC staff in the no-action letter
issued to the American Bar Association, Business Law Section, on January 12, 2012. References to the
Firm below include these five subsidiaries. The Funds are not required to register under the Securities
Act of 1933 or the Investment Company Act of 1940 in reliance upon certain a v a i l a b l e exemptions.
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Assets under Management
The Firm manages each Fund on a discretionary basis in accordance with the applicable Fund’s offering
and organizational documents (in each case, the “Fund’s Organizational Documents”). Discretionary
assets under the Firm’s management were $428.0 million at year-end 2023. The Firm does not manage
any assets on a non-discretionary basis.
Important Additional Considerations
The information provided herein merely summarizes the detailed information provided in each Fund’s
Organizational Documents. Current and prospective Limited Partners (each a “Limited Partner” or “LP”)
in any Fund launched by the Firm should be aware of the risks associated with Fund investments as well
as the terms applicable to such investment. This and other detailed information is provided in each
respective Fund’s Organizational Documents.