Cibolo Energy Partners, LLC

Cibolo Energy Partners, LLC, established in June 2016, specializes in alternative credit opportunities and non-control equity investments in energy and energy-related infrastructure projects in North America. The firm provides advisory services to private investment vehicles targeting debt and equity investments in lower to middle-market energy companies, with investments ranging from $20 million to $75 million per standalone investment. Cibolo manages regulatory assets of approximately $580.4 million as of December 31, 2024, operating as a registered investment adviser under the Investment Advisers Act of 1940. The fee structure varies among funds, with management fees typically based on a percentage of assets under management. The firm may receive performance-based fees or carried interest. Cibolo exercises investment discretion for the Funds, following investment restrictions and guidelines outlined in governing documents. The firm conducts thorough due diligence, focusing on direct origination efforts, credit analysis, and active portfolio management to deliver consistent risk-adjusted returns. Cibolo's investment strategy primarily targets lower to middle-market energy companies in the upstream sector, emphasizing disciplined screening processes and bespoke opportunities. The firm acknowledges risks associated with the energy industry, regulatory changes, cybersecurity, and general economic conditions. Cibolo's investment philosophy centers on delivering attractive risk-adjusted returns while mitigating potential risks for investors.