SCOUT ENERGY MANAGEMENT LLC other names

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm


Number of Employees:

1,081 4.95%

of those in investment advisory functions:

34 17.24%


Registration:

SEC, Approved, 7/9/2013

Other registrations (1)
AUM:

2,022,492,978 5.92%

of that, discretionary:

2,022,492,978 5.92%

Private Fund GAV:

1,697,812,699 -3.85%

Avg Account Size:

126,405,811 5.92%


SMA’s:

NO

Private Funds:

16

Contact Info

972 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 818M 546M 273M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Other Private Fund 16 $1,697,812,699

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Private Funds



Employees




Brochure Summary

Overview

Scout Energy Management LLC (“SEM” or the “Manager”) was formed in 2011 and is owned and controlled by John D. Baschab, Todd A. Flott, and Jon C. Piot. SEM serves as manager and provides discretionary advisory services to Scout Energy Partners I-A, LP, Scout Energy Partners I-B, LP, Scout Energy Partners II-A, LP, Scout Energy Partners II-B, LP, Scout Energy Partners III-A, LP, Scout Energy Partners III-B, LP, Scout Energy Partners IV-A, LP, Scout Energy Partners IV-B, Scout Energy Partners V-A, LP, Scout Energy Partners V-B, LP, Scout Energy Partners Co- Invest V-A, LP, Scout Energy Partners Co-Invest V-B, LP, Scout Energy Partners Rangely Co-Invest V-A, LP, Scout Energy Partners Rangely Co-Invest V-B, LP, Scout Energy Partners VI-A, LP, and Scout Energy Partners VI-B, LP, all Delaware limited partnerships (each a “Fund” and together, the “Funds”). The Funds were formed to make direct investments in oil and gas assets and net profits interests in oil and gas assets located in the United States, and certain other energy-related assets as allowed in the respective Governing Fund Documents (defined below). SEM also engages in over-the-counter derivative transactions for commodity price risk management practices. SEM does not give advice with respect to other securities. SEM does not manage any assets on a non-discretionary basis. SEM is also registered as an operator with the Texas Railroad Commission, Colorado Oil and Gas Conservation Commission, Oklahoma Corporation Commission, Kansas Corporation Commission, North Dakota Industrial Commission, Utah Division of Oil, Gas, and Mining, and Montana Board of Oil and Gas Conservation, which regulate oil and gas operations in the respective states in which SEM operates. As an operator, SEM directly oversees, operates and improves acquired assets through the life of the Funds. Day-to-day operations are managed by field-level staff employed by SEM. SEM may acquire assets managed by an independent operator, but SEM’s priority is operated properties. SEM seeks to increase returns through deliberate and thorough underwriting, operational improvements, production enhancement, in-fill development, and some scale economics. As manager of the Funds, SEM provides management and administrative
services to the Funds, including investigating, analyzing, structuring, and negotiating potential acquisitions of properties, monitoring the performance of such properties, and advising the Funds as to disposition opportunities. However, Fund investment decisions are made by the Funds’ general partners, Scout Energy Group I, LP, Scout Energy Group II, LP, Scout Energy Group III, LP, Scout Energy Group IV, LP, Scout Energy Group V, LP, Scout Energy Group Co-Invest V, LP, Scout Energy Group Rangely Co-Invest V, LP, and Scout Energy Group VI, LP (collectively the “General Partners”), which are affiliates and relying advisers of the Manager. Investment advice is provided directly to the Funds and not tailored individually to the limited partners of the Funds (the “Investors” or “Limited Partners”). SEM manages the assets of the Funds in accordance with the terms of each Fund’s individual limited partnership agreements and other governing documents applicable to each Fund (the “Governing Fund Documents”). All terms are generally established at the time of the formation of a Fund, and are only terminable once the applicable Fund is dissolved, wound up, and terminated. The Investors may not restrict investments by the Funds in any capacity beyond the Governing Fund Documents, and except in limited circumstances, Limited Partners are not permitted to withdraw from a Fund prior to the Fund’s dissolution. Equity interests in the Funds (the “Interests”) are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the Funds are not registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Accordingly, the Interests in the Funds do not have the benefit of the protections afforded by the Investment Company Act to investors in registered investment companies or more highly regulated investment funds. All equity interests in the Funds are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements, in private transactions pursuant to exemptions available under the Securities Act within the United States. As of December 31, 2023, SEM managed approximately $2.02 billion of assets on a discretionary basis.