Sheridan Production Partners Manager Iii, LLC

Sheridan Production Partners Manager III, LLC is a financial advisor firm established in 2020, headquartered in Houston, Texas. The firm specializes in managing oil and gas investment partnerships, specifically the Sheridan III Funds. These funds were created to invest in hydrocarbon-producing properties within the United States, focusing on mature, predictable assets to generate low-risk returns and cash distributions. Sheridan exercises full management and investment decision-making authority over the Funds, with investments overseen by an experienced Investment Committee. The firm manages regulatory assets totaling $683 million as of December 31, 2024, on a discretionary basis. Sheridan charges management fees based on the value of limited partners' interests in the Funds and does not charge any additional fees beyond the Management Fee. The firm also receives carried interest distributions based on realized gains from the Funds. Sheridan operates under a Code of Ethics that prohibits the misuse of nonpublic information, regulates personal securities trading, and addresses conflicts of interest. The firm has custody of all funds and securities of the Funds and exercises investment discretion on behalf of the clients. Sheridan does not engage in securities transactions through broker-dealers and does not vote on securities. The firm has not faced any disciplinary actions that would impact client evaluation.