The Adviser is a Delaware limited liability company based in Fort Worth, Texas, together (where
the context permits) with its affiliated General Partners of the Funds (as defined below) and other
affiliates that provide advisory services to and/or receive advisory fees from the Funds. Such
affiliates are currently and would typically be under common control with HighPeak Energy
Management, LLC and possess a substantial identity of personnel and/or equity owners with
HighPeak Energy Management, LLC. These affiliates have been and may in the future be formed
for tax, regulatory or other purposes in connection with the organization of the Fund (as defined
below).
The Adviser provides investment supervisory services to pooled investment vehicles (the “Fund”,
or collectively the “Funds” or “Clients”) 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”).
HighPeak believes there are significant exploitation and exploration opportunities in many prolific,
multi-pay fields throughout basins in North America in which they have experience. HighPeak’s
strategy with respect to capturing these opportunities is to build a balanced portfolio of oil and gas
assets and then
focus on growing reserves, production, cash flows and profits.
The Adviser provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the
applicable general partner, and not individually to the investors in the Funds. Services are provided
to the Funds in accordance with the Advisory Agreements with the Funds and/or organizational
documents of the applicable Fund. Investment restrictions for the Funds, if any, are generally
established in the organizational or offering documents of the applicable Fund, Advisory
Agreements and/or side letter agreements negotiated with investors in the applicable Fund (the
organizational and offering documents, Advisory Agreements and side letters referred to herein as
a Fund’s “Governing Documents”).
HighPeak Energy Management, LLC was formed in 2014 and is wholly owned by Jack Hightower,
William Hightower, and Daniel Silver. The Adviser manages a total of $$1,863,227,636 of client
assets as of December 31, 2022, all of which is managed on a discretionary basis.