Overview
For purposes of this Brochure, the “Adviser” and “Phoenician Resources” mean collectively,
Phoenician Resources Fund Sponsor, LLC (“Phoenician”) and the managers of each Fund (as
defined below), who are each a “Relying Adviser” of Phoenician.
Phoenician Resources is an oil and gas operating company located in New York, New York with
an additional office in Houston, Texas. Phoenician Resources acquires long-lived oil and gas
production and reserves in low-risk, long-established conventional basins in the United States.
Phoenician manages those assets with a view to enhancing their long-term value and providing
stable cash flow and attractive returns to investors in the Funds managed by the Advisers.
Phoenician’s strategy relies on proactive and broad deal sourcing, streamlined deal evaluation,
and a disciplined investment and asset management process.
Phoenician provides investment advisory services to pooled investment vehicles (the “Funds” or
the “Clients”) that are exempt from registration under the Investment Company Act of 1940, as
amended (the “Investment Company Act”), and whose securities are not registered under the
Securities Act of 1933, as amended (the “Securities Act”).
Phoenician was formed in 2013 and is currently principally
owned and controlled by Borja
Madrid.
The Adviser provides investment supervisory services to each Fund in accordance with the
offering memorandum and limited partnership agreement of such Fund (the “Organizational
Documents”). The Funds are subject to the investment strategies and investment restrictions set
forth in the Fund offering materials.
The Adviser does not participate in wrap fee programs.
As of December 31, 2023, the Adviser managed approximately $437,695,348 in regulatory
assets under management, all of which were managed on a discretionary basis.
The Adviser tailors its services to Client needs respective to the investment objectives set forth in
each Fund’s respective private offering memorandum but does not provide recommendations
specific to any one individual investor. The Funds may enter into side letters and other
agreements and arrangements with certain investors in the Funds, which may provide terms and
conditions that are more advantageous than those set forth in the applicable offering memoranda.
Such terms and conditions may include special rights to make future investments in the Funds or
other investment vehicles managed by Phoenician, different transparency rights, and/or different
fee terms.