SIR Capital Management, L.P. is a Delaware limited partnership that was founded in 2007. For purposes of this Form ADV Part 2A only, the term “SIR” means SIR Capital Management, L.P. and/or SIR Advisors (as defined below), as the context requires. SIR provides advice on a discretionary basis to the following investment funds: (i) Standard Investment Research Hedged Equity Fund, L.P., a Delaware limited partnership (the “Hedged Equity Onshore Fund”); (ii) Standard Investment Research Hedged Equity Overseas Fund, Ltd., a Cayman Islands exempted company (the “Hedged Equity Offshore Fund”, and together with the Hedged Equity Onshore Fund, the “Hedged Equity Funds”); (iii) Standard Investment Research Energy Opportunities Fund, L.P., a Delaware limited partnership (the “Energy Opportunities Onshore Fund”); (iv) Standard Investment Research Energy Opportunities Overseas Fund, Ltd., a Cayman Islands exempted company (the “Energy Opportunities Offshore Fund”, and together with the Energy Opportunities Onshore Fund, the “Energy Opportunities Funds”); (v) Standard Investment Research Energy Transition Fund, L.P., a Delaware limited partnership (the “Energy Transition Onshore Fund”); Standard Investment Research Energy Transition Overseas Fund, Ltd., a Cayman Islands exempted company (the “Energy Transition Offshore Fund”, and together with the Energy Transition Onshore Fund, the “Energy Transition Funds”) (collectively, the “Funds”). Our affiliate, SIR Advisors, L.L.C., a Delaware limited liability company (“SIR Advisors”), acts as the general partner for our U.S.-based Hedged Equity Funds and Energy Opportunities Funds. Another SIR affiliate, SIR ET Advisors LLC., a Delaware limited liability company, acts as the general partner for our US-based Energy Transition Fund. Messrs. Vincent S. Maddi and Shawn M. Brennan (together, the “Managing Members”)

are the principal owners of SIR. The Funds are privately-offered hedge funds that focus on investments in energy and related industries. The Funds are organized in master-feeder structures, pursuant to which feeder funds invest substantially all of their assets in master funds. The Hedged Equity Funds invest in the Standard Investment Research Hedged Equity Master Fund, Ltd., a Cayman Islands exempted company (the “Hedged Equity Master Fund”), the Energy Opportunities Funds invest in Standard Investment Research Energy Opportunities Master Fund Ltd., a Cayman Islands exempted company (the “Energy Opportunities Master Fund”), the Energy Transition Funds invest in the Standard Investment Research Energy Transition Master Fund, L.P, a Cayman Islands exempted limited partnership (the “Energy Transition Master Fund” and together with the Hedged Equity Master Fund, the Energy Opportunities Master Fund the “Master Funds”). The operating and trading activities of the Funds are conducted, and the portfolios of the Funds are held, by the Master Funds. SIR also provides advice on a discretionary basis to the Master Funds. References in this Brochure to the Hedged Equity Funds, the Energy Opportunities Funds, the Energy Transition Funds, and the Funds should be construed to refer to the Hedged Equity Master Fund, the Energy Opportunities Master Fund, the Energy Transition Funds, and the Master Funds, respectively, unless otherwise specified or the context so requires. SIR does not participate in wrap fee programs. SIR manages the Funds’ assets on a discretionary basis. As of December 31, 2023, the regulatory assets under management of SIR were $2,789,382,584. Please see Item 7 (Types of Clients), Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and Item 10 (Other Financial Industry Activities and Affiliations).