Overview
A. The Advisers are Texas limited partnerships and have their principal place of business in Dallas, Texas.
The Advisers provide discretionary investment advisory services to pooled investment vehicles and
separately managed accounts. Sagefield Capital LP manages the Sagefield Multi-Strategy Master Fund
LP and Sagefield Multi-Strategy Fund LP (together the “Multi-Strategy Fund”), and Sagefield
Investment Group LP manages the Sagefield Relative Value Master Fund LP, Sagefield Relative Value
Fund LP, and Sagefield Relative Value Offshore Fund Ltd (together the “Relative Value Fund,” and
together with the Multi-Strategy Fund, the “Sagefield Funds” or “Private Funds”) and serves as sub-
adviser to other pooled investment vehicles and separately managed accounts that generally invest
pari passu alongside the Relative Value Fund. The sub-advised clients are collectively referred to
herein as “SMAs” and together with the Sagefield Funds are referred to as “Clients.”
Sagefield Capital LP was formed in 2018 by Mark Schlueter and Jonathan Lamensdorf, and Sagefield
Investment Group LP was formed in 2020 by Mark Schlueter.
B. The Advisers’ investment strategy differs between the Sagefield Funds,
but generally seeks to
maximize capital appreciation by employing several uncorrelated strategies including: Equity Relative
Value within (i) Natural Resources, (ii) Utilities, (iii) Materials and (iv) Energy Transition and Event
Driven within (v) Risk Arbitrage and (vi) Special Situations. Details for each strategy are available within
each Fund’s respective private placement memorandum.
C. While each of the Clients will follow the general strategy stated above, the Advisers may tailor the
specific advisory services with respect to each Client based on the particular investment objectives
and strategies described in the applicable Fund’s (i) confidential offering memorandum and governing
documents (collectively the “Offering Documents”); and (ii) the investment management agreement
(“IMA”) with each sub-advised Client.
Clients may impose certain restrictions on the trading strategy consistent with the terms of their
respective Offering Documents or IMA.
D. The Advisers do not participate in wrap fee agreements.
E. As of December 31, 2023, the Advisers managed approximately $1.48 billion in regulatory assets
under management, all of which is managed on a discretionary basis.