PETROCAP, LLC

other names
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Adviser Profile
As of Date 04/26/2024
Adviser Type - Large advisory firm
Number of Employees 16 14.29%
of those in investment advisory functions 8
Registration SEC, Approved, 03/28/2014
AUM* 914,285,674 -9.36%
of that, discretionary 914,285,674 -9.36%
Private Fund GAV* 911,349,306 -26.81%
Avg Account Size 152,380,946 -9.36%
SMA’s No
Private Funds 6
Contact Info 214 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 865M 721M 576M 432M 288M 144M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count3 GAV$675,310,164
Fund TypeReal Estate Fund Count3 GAV$236,039,142

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Brochure Summary

Overview

PetroCap is a Delaware limited liability company with a principal place of business in Dallas, Texas. The Firm provides discretionary investment advisory services to pooled investment vehicles that specializes in investments in the oil and gas and solar sectors. This Form ADV Part 2A applies to PetroCap and its relying adviser, Aplomado. PetroCap is the investment adviser to PetroCap Partners II, L.P., and PetroCap Partners III, L.P. (the “PetroCap Funds”) and a related co-investment entity, Four Rivers Co-Invest, L.P. (“Four Rivers”). Aplomado is the investment adviser to Aplomado Partners I-A, LP (Fund 1-A”), Aplomado Partners I-B, LP (“Fund 1-B”), and Aplomado Partners Holding I, LLC (collectively, the “Aplomado Funds”, and together with the PetroCap Funds and Four Rivers, the “Funds”). OWNERSHIP PetroCap was formed in 2014 and its principal owners are William Britain, Marc Manzo, and David Hopson. TYPES OF ADVISORY SERVICES The Funds are currently the sole advisory clients of the Company. The PetroCap Funds generally invest in stand-alone oil and natural gas projects with a focus on the
“upstream” or exploration and production (E&P) segment of the domestic oil and natural gas industry. Four Rivers generally invests in an upstream and midstream oil and gas project in the San Juan Basin. The Aplomado Fund generally invests in solar royalties through the acquisition of land and lease payment rights under photovoltaic (PV) solar farms that are in current operation as well as those in the development phase. TAILORING SERVICES The Company provides investment advice directly to the Funds and does not tailor its services individually to the investors. The Company invests in a manner which is consistent with the stated investment objectives as detailed in the private placement memorandum and limited partnership agreement (the “governing documents”) of the Funds. WRAP FEE PROGRAMS The Company does not participate in wrap fee programs. REGULATORY ASSETS UNDER MANAGEMENT As of December 31, 2023, the Company managed approximately $914 million in regulatory assets under management, on a discretionary basis. The Company does not manage any client assets on a non-discretionary basis.