PHOENICIAN RESOURCES other names

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Adviser Profile

As of Date:

03/19/2024

Adviser Type:

- Large advisory firm

Number of Employees:

7 16.67%

of those in investment advisory functions:

6 20.00%

Registration:

SEC, Approved, 8/29/2019

AUM:

437,695,348 4.25%

of that, discretionary:

437,695,348 4.25%

Private Fund GAV:

437,140,089 4.45%

Avg Account Size:

87,539,070 4.25%

% High Net Worth:

25.00% 100.00%

SMA’s:

YES

Private Funds:

3

Contact Info

888 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
420M 360M 300M 240M 180M 120M 60M
2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Private Equity Fund 3 $437,140,089

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Private Funds



Employees




Brochure Summary

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 Chicago, Illinois with additional offices in Houston, Texas and New York, New York. 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 by Borja Madrid and
Donnan Steele. They are the primary equity owners of Phoenician. 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, 2022, the Adviser managed approximately $419,864,000 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.