Palo Duro Capital Partners, LP (the “Prior Firm”) was a Delaware limited partnership formed in
September 2022 owned and controlled by Matthew Dougherty (the “Principal”). On March 8,
2023, the Prior Firm changed its name to Palo Duro Investment Partners, LP (“Palo Duro,” the
“Investment Manager,” “we,” “us,” or “our”). Palo Duro remains a Delaware limited partnership
owned and controlled by the Principal. Palo Duro GP LLC (the “General Partner”), a Delaware
limited liability company formed in September 2022 and general partner of the Prior Firm, still
remains general partner of Palo Duro and still is owned and controlled by the Principal. Other
than this name change, there is no difference between the Prior Firm and Palo Duro as of the date
of this Brochure.
The Principal was previously employed as a portfolio manager by another registered investment
advisor and, in that capacity, provided investment management advice to certain private fund
vehicles (the “Private Funds”) and separately managed accounts (the “Managed Accounts” and,
collectively with the Private Funds, the “Vehicles”). Effective February 1, 2023, Palo Duro
became the investment manager of the Vehicles.
Palo Duro offers the Vehicles
discretionary investment advisory services. The Vehicles are
managed in accordance with their own investment objectives as described in their respective
offering documents and/or governing documents and agreements. Palo Duro does not tailor the
investment decisions of the Private Funds to individual investors, and investors generally will not
be able to impose restrictions on a Private Fund’s investments. However, we negotiate directly
with Managed Account investors to impose reasonable restrictions on the Managed Account’s
investment activities on a case-by-case basis at the General Partner’s discretion.
All discussions regarding any of the Vehicles in this Brochure, including but not limited to their
investments, strategies used, the fees and other costs associated with an investment in the Private
Funds or Managed Accounts, and/or conflicts of interest faced by Palo Duro in connection with
management of the Vehicles, are qualified in their entirety by reference to each Vehicle’s offering
documents and/or governing documents and/or investment management agreements (as
applicable).
As of the date of February 28, 2023, Palo Duro’s regulatory assets under management were
$320,865,554.