Silver Hill commenced its business operations in the fourth quarter of 2020 coincident with the
first closing of the Partnership. Silver Hill utilizes the energy management expertise, industry
relationships, and operating capabilities of Kyle D. Miller, Drew L. Wellsfry, Scott R. Smetko,
Patrick H. Halpin and Taylor B. Rea (collectively, the “Principals”) and other employees of
Silver Hill and its affiliates (collectively, the “Management Team”) to advise the Partnership
as Silver Hill’s sole Client (as discussed below), on acquisitions and development of onshore
oil and gas and related infrastructure assets and minerals in North America.
The Partnership, together with any parallel investment entities that make investments alongside
the Partnership (collectively, the “Fund”), anticipates investing a substantial portion of the
limited partner commitments in Silver Hill Energy Partners III, LLC, an operating company
formed to directly acquire and operate oil and gas assets (“SHEP III”). The Fund may also
hold operated and non-operated oil and gas assets and related infrastructure assets and minerals
through other direct or indirect subsidiaries and/or invest in a joint venture with a strategic
partner to hold such assets.
The sole general partner of Silver Hill is Silver Hill Energy Partners GP, LLC, which is, in
turn, beneficially owned and controlled by Kyle D. Miller. Silver Hill III GP LP, a Delaware
limited partnership (the “General Partner”) is the general partner of the Partnership.
Silver Hill serves as an investment manager and provides discretionary advisory services to the
Partnership, which as of the date of this Brochure is Silver Hill’s only “Client.” Under the
Governing Fund Documents, Silver Hill and/or the General Partner are permitted to form
parallel investment entities or alternative
investment entities to make investments alongside the
Partnership, and may also form one or more successor funds. Such entities and/or successor
funds, if formed, may become “Clients” of Silver Hill. Unless the context otherwise provides,
references herein to “Clients” shall refer collectively to the Partnership and any future parallel
investment entities, alternative investment entities and/or successor funds.
Under the terms of an investment management agreement (the “Management Agreement”),
Silver Hill provides such services to the Client as are reasonably requested from time to time
by the General Partner in connection with identifying and analyzing prospective investments
in oil and gas assets within North America (the “Investments”), performing due diligence
investigations, structuring and negotiating the terms of the Investments, monitoring the
Investments and recommending dispositions or other resolutions of Investments. Silver Hill
provides investment advisory services solely to its fund Clients and its services are not tailored
individually to the limited partners or investors of the Fund (the “Investors”).
Silver Hill manages the assets of the Partnership in accordance with the terms of the Fund’s
limited partnership agreement, subscription agreement, offering memorandum and other
governing documents applicable to the Fund (the “Governing Fund Documents”). Except as
expressly provided in the Governing Fund Documents, the Investors are not permitted to
restrict Investments by the Fund and, except in limited circumstances, are not permitted to
withdraw from the Fund prior to its dissolution.
As of December 31, 2022, Silver Hill manages approximately $826 million in Client assets on
a discretionary basis and does not manage any assets on a non-discretionary basis.