Daybreak Fund Advisors LLC

Daybreak Fund Advisors LLC is a registered investment adviser specializing in making private equity investments in the energy service industry and related businesses. Established in 2011, the firm manages approximately $1,017,781,890 in discretionary portfolios as of December 31, 2024. The firm sponsors multiple pooled investment vehicles, including closed-end limited partnerships, and may establish co-investment vehicles for certain transactions. Clients' investment objectives are tailored based on individual strategies, with terms outlined in separate management agreements. Daybreak Fund Advisors LLC charges management fees of up to 2% of committed or invested capital, and performance fees may be received based on carried interest allocations. The firm acts as a fiduciary for its clients and does not participate in wrap fee programs. Clients receive periodic reports and financial statements, and the firm has a Code of Ethics to address potential conflicts of interest. The firm has custody of clients' assets through a qualified custodian and conducts annual audits. Daybreak Fund Advisors LLC exercises full discretionary authority over investment decisions, providing advice in line with clients' objectives and guidelines. The firm votes on client securities on a limited basis, with general partners having authority in proxy voting. The firm does not require prepayment of fees, has no financial impairments, and has not been subject to bankruptcy in the past ten years.