Overview
The Adviser was established and registered with the SEC in 2013 as a registered investment
adviser. The Adviser provides investment advisory services on a discretionary basis to privately
offered investment vehicles (each, a “Fund” and collectively the “Funds”).
Affiliates of the Adviser, BP Natural Gas Partners, LLC, a Delaware limited liability company,
and BP Natural Gas Partners II, LLC, a Delaware limited liability company, act as the general
partners of Fund I and Fund II, respectively (each a “General Partner” and, collectively, the
“General Partners”).
The Adviser is owned 100% by BP Energy Partners, LLC, a Delaware limited liability company
(“BPE”). BPE provides the Adviser with certain staffing and administrative services (e.g.,
furniture, fixtures and equipment, intellectual property, leased office space). Aleksander Szewczyk
and Michael Watzky, who are the principal owners of BPE, serve as the Managing Partners of the
Adviser, serve as members of the investment committee (the “Investment Committee”), and are
responsible for the daily management of the Funds.
The Adviser presently provides investment advice only to the Funds and, as such, does not tailor
its advisory services or investment objectives or strategies to the requests or needs of individual
investors in the Funds, nor does it generally accept underlying investment restrictions from
individual investors in
the Funds. With respect to the Funds, their respective current confidential
offering memorandums lay out the investment strategy and guidelines, including any restrictions
and the ability to vary therefrom, and the Adviser then seeks to locate assets for the Funds that are
within such guidelines and consistent with the overall portfolio needs of the Funds. For more
detailed information regarding such restrictions, please refer to the Funds’ current confidential
offering memorandum.
BP does not participate in any wrap fee programs.
As of December 31, 2023, the Adviser has approximately $637,325,877 in regulatory assets under
management, all of which are managed on a discretionary basis. For purposes of calculating this
amount, the Adviser includes unfunded capital commitments to the Fund.
The General Partners have established a Limited Partner Advisory Committee (the “LPAC”)
composed of not less than three and not more than nine representatives of selected limited partners
(or investors in any parallel fund or alternative investment vehicle). Each LPAC will provide
advice and counsel as requested by the General Partners in connection with potential conflicts of
interest and other matters related to the Funds. The General Partners will retain ultimate
responsibility for all decisions relating to the operation and management of the Funds, including,
but not limited to, investment decisions.