Sage Road Capital

SRC Management Company, LP, also known as Sage Road Capital, LLC, is a registered investment adviser based in Houston, Texas, established in January 2012. The firm specializes in providing investment management and advisory services exclusively to affiliated private equity funds focused on the lower middle-market segment of the North American upstream oil and gas sector. Managed by experienced professionals, SRC aims to achieve long-term capital appreciation through private equity and equity-like investments. The firm conducts thorough due diligence on potential investments, works closely with portfolio companies, and actively monitors their performance. SRC's investment team, led by Managing Partners Benjamin A. Stamets and Joshua L. Batchelor, leverages its industry relationships and expertise to source and execute investments effectively. The firm manages discretionary assets totaling $145,957,134 as of December 31, 2024, with a fee structure that includes asset management fees based on committed or invested capital. SRC may also charge management fees for co-investment vehicles. Additionally, the firm receives carried interest distributions based on profits from each fund. SRC operates under a Code of Ethics, ensuring high ethical standards and compliance with securities laws. The firm's investment decisions are made with discretion, and it may enter into side letters with investors to vary terms. SRC has custody of client assets held by a qualified custodian and may vote proxies on behalf of the Funds when necessary. The firm does not have any disciplinary history or financial conditions that would impair its ability to meet obligations.