PICKERING ENERGY PARTNERS LP

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Adviser Profile

As of Date:

02/27/2024

Adviser Type:

- Large advisory firm

Number of Employees:

60 3.45%

of those in investment advisory functions:

6

Registration:

SEC, Approved, 6/21/2019

AUM:

1,409,220,881 5.42%

of that, discretionary:

1,409,220,881 5.42%

GAV:

1,096,113,748 21.35%

Avg Account Size:

82,895,346 5.42%

SMA’s:

NO

Private Funds:

14 1

Contact Info

713 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
1B 1B 955M 764M 573M 382M 191M
2019 2020 2021 2022 2023

Recent News

Pickering Energy Partners launches oil and gas investment banking unit
09/01/2023

investing.com

Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic -- 3rd Update
03/23/2021

Shell in April cut its dividend for the first time since World War II to avoid having to borrow to fund it ... officer of energy investment firm Pickering Energy Partners LP, said the industry ...

br.advfn.com

Hold That Drill: Why Wall Street Wants Energy Companies To Pump Less Oil, Not More
03/07/2021

Many oil producers need Wall Street money to fund new wells ... of growth is not what investors want," says Pickering, of Pickering Energy Partners. "Growth got us more barrels.

wfae.org

Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic -- 2nd Update
03/07/2021

Shell has been among the most aggressive, deciding in April to cut its dividend for the first time since World War II to avoid having to borrow to fund ... firm Pickering Energy Partners LP ...

br.advfn.com

Hold That Drill: Why Wall Street Wants Energy Companies To Pump Less Oil, Not More
03/06/2021

Many oil producers need Wall Street money to fund new wells. Investors control the purse strings ... "Investing for the sake of growth is not what investors want," says Pickering, of Pickering Energy Partners. "Growth got us more barrels.

wksu.org

Hold That Drill: Why Wall Street Wants Energy Companies To Pump Less Oil, Not More
03/06/2021

Instead, "the people that came in and put money to work ... got burned," says Dan Pickering, chief investment officer of Pickering Energy Partners. It's a simple principle of supply and demand: the more oil that's for sale, the less each individual barrel ...

kbia.org


Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $9,282,987
Private Equity Fund 10 $925,932,615
Other Private Fund 2 $160,898,146

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Private Funds



Employees




Brochure Summary

Overview

PEP (together with SailingStone, the “Adviser”) is an investment advisory firm located in Houston, Texas that commenced business in the third quarter of 2019. The Adviser specializes in energy-focused investment management in order to deliver a diversified suite of energy investment capabilities and products and provide risk-adjusted returns. Pickering Energy Partners GP LLC, which is beneficially owned and controlled by Dan Pickering and Walker Moody (the “Principals”), is the sole general partner of PEP. The Principals are also the control persons of the Adviser. SailingStone, a Delaware limited liability company and a relying adviser of PEP, was founded in 2013. The Adviser provides investment advisory and management services to multiple privately offered closed-end and open-end pooled investment vehicles into which certain sophisticated and qualified investors will make investments (each a “Fund” and, collectively, the “Funds”), separately managed accounts for sophisticated and qualified investors (each a “Managed Account” and, collectively, the “Managed Accounts”). The general partner or equivalent of each Fund will be an affiliate of the Adviser (each a “General Partner”). Each Fund, or Managed Account, may be referred to herein as a “Client” or, collectively, the “Clients.” The governing documents of each Client may also provide for the establishment of parallel or other alternative investment vehicles in certain circumstances where certain Fund investors want additional exposure and additional investment opportunities cannot be allocated to the Funds because of capital or concentration limits (“Co-Investments”). Client investors may participate in such Co-Investments,
and if formed, such vehicles would also become Clients of the Adviser. In this Brochure, because it is uncertain whether such Co-Investment vehicles will be classified as clients of the Adviser, when we refer to a Fund or Client, we are also referring to such Co- Investments, if any. The discretionary investment advisory services provided by the Adviser to each of its Clients have a total return focus and such services are focused across the following strategies: energy private equity and energy public equities (each investment within a strategy a “Portfolio Investment” and collectively, the “Portfolio Investments”). Each Fund’s or Managed Account’s portfolio is managed pursuant to an investment management agreement with the Client, an agreement of limited partnership or similar governing document, any investment guidelines attached thereto, the Client’s investment policy, and/or other governing documentation that may be entered into from time to time, and any applicable regulations. While it is anticipated that each of its Clients will follow the strategy stated above, the Adviser may tailor the specific advisory services with respect to each Client to the individual investment strategy of that Client. In addition, the governing documents of Clients may, in certain limited circumstances, impose restrictions on investing in certain securities or types of securities, for example in connection with regulatory or compliance reasons. The Adviser does not participate in wrap fee programs. As of the date of December 31, 2022 the Adviser manages a total of approximately $1,336,745,347 of client assets on a discretionary basis and $0 in client assets on a non-discretionary basis.