QEP Advisers, LLC, a Delaware limited liability company, was formed in April 2014 to be
the SEC registered investment adviser providing advisory services to investment funds sponsored
by QEP from and after 2014 (each, an “
Advisory Client”
1). QEP Advisers is wholly owned by QEP
Partners, LP, whose principal indirect owners are S. Wil VanLoh, Jr. and Dheeraj Verma.
QEP was founded in 1998 and has become one of the leading providers of private equity
capital to the global energy industry, managing a family of energy-focused investment funds with
a primary emphasis in the oil and gas, midstream, power generation and oilfield service sectors.
These funds and related investment vehicles, including parallel and co-investment entities, are
the Advisory Clients for which QEP Advisers and its related persons will direct the investment
activities in accordance with the terms and provisions of the documents governing such entities.
Interests in QEP-sponsored investment funds are privately offered only to qualified
investors (institutional investors and high net worth individuals) pursuant to exemptions
available under the Securities Act of 1933, as amended (the “
Securities Act”), and the regulations
promulgated thereunder. None of the funds are registered with the SEC as investment companies
based on specific exclusions from the Investment Company Act of 1940, as amended (“
1940
Act”). Affiliates of QEP may invest in or alongside such Advisory Clients. In addition, a limited
number of qualified individuals who are not employees of QEP but who have pre-existing
business relationships with QEP or possess specific industry expertise may also invest in or
alongside Advisory Clients.
QEP is managed by a small core of energy experts consisting of QEP founders and
professionals who have spent most of their careers evaluating,
managing, and financing
investments across multiple energy sectors complemented by a highly qualified team of energy
investment professionals, each of whom has made or is expected to make a capital commitment
to QEP-sponsored funds. Mr. VanLoh, with input from other key members of QEP is responsible
for overall management of QEP’s activities. QEP’s Investment Committee, chaired by Mr. VanLoh
and comprising of other key members of QEP, is responsible for making recommendations with
respect to investments to be made by Advisory Clients.
Investors and prospective investors in each Advisory Client should refer to the governing
documents of that Advisory Client for information on the investment objectives and investment
restrictions, fees and expenses, conflicts, and other pertinent information with respect to that
Advisory Client. There can be no assurance that any Advisory Client’s investment objectives will
be achieved, and QEP’s services are generally not tailored to the individualized needs of any
particular investor of any Advisory Client. Since QEP does not provide individualized advice to
investors (and an investment in an Advisory Client does not, in and of itself, create an advisory
1 “Advisory Client” means any account or fund for which QEP Advisers provides investment advice on a
discretionary or nondiscretionary basis. The investors and other persons who invest in QEP Advisers’ Advisory
Clients are generally referred to herein as “investors.” Unless otherwise expressly stated herein, the term
“Advisory Clients” does not include “investors.”
relationship between the investor and QEP), investors must consider whether a particular
Advisory Client meets their investment objectives and risk tolerance prior to investing.
As of December 31, 2022, QEP Advisers managed approximately $19,658,908,878 in
regulatory assets under management, all of which was managed on a discretionary basis.