Overview
A. USRG provides advisory services to the following private equity fund vehicle: Ascent
Capital Holdings, LLC. USRG was founded in 2003 and currently has approximately $358
million of capital under management. USRG is wholly-owned by US Renewables
Holdings, LLC (“Holdings”). The 25% or more owners of Holdings are as follows:
56.827% - Rusheen Capital Partners, LLC (Ownership Code – D)
Rusheen Capital Partners, LLC is owned 100% by James AC McDermott
41.673% - Lee Bailey (Ownership Code – C)
B. The primary purpose of the company is to identify and participate in capital investments
through the acquisition of debt and equity securities in companies that primarily engage in
renewable power generation, clean fuel production, and renewable power and clean fuel
infrastructure projects. In furtherance of the foregoing, the company may engage in all
activities and transactions as may be necessary, advisable, or desirable to carry out its
objectives. USRG has made diversified investments in the renewable
power, biofuels, and
renewable infrastructure sectors. Examples of renewable power investment advice include
geothermal, biomass, wind, solar, hydro and emerging technologies. Examples of biofuels
investment advice include ethanol, biofuels and emerging technologies. Examples of
renewable infrastructure sector advice include biofuels storage, geothermal drilling
services and emerging technologies.
C. USRG does not tailor its advisory services to the individual needs of clients. Clients may
not impose restrictions on investing in certain securities or types of securities beyond what
is outlined in the limited liability company agreement of Ascent Capital Holdings, LLC.
D. USRG does not participate in wrap fee programs by providing portfolio management
services.
E. As of September 30, 2022, USRG managed approximately $358 million of client assets on
a discretionary basis according to the directives and restrictions outlined in the limited
liability company agreement of Ascent Capital Holdings, LLC.