The Salient Zarvona Energy Fund Gp, L.P.
Assets Under Management
$288.7M
Number of Clients
4
Number of Advisors
2
Average Client AUM
$72.2M
AUM per Advisor
$144.4M
Compensation
Fee-Only (AUM)
About This Firm
The Salient Zarvona Energy Fund GP, L.P. is an SEC-registered investment adviser that sponsors and serves as a discretionary fund manager to certain private equity funds. The firm provides fund management and investment advisory services relating to the acquisition, development, ownership, operation, and sale of oil and gas interests. The Funds are private, closed-end investment funds.
Fee Structure
The firm charges management fees to each fund for fund management and investment advisory services, payable quarterly in advance. Management Fees for Fund I were 2.00% of Capital Commitments during the investment period and 2.00% of adjusted investment capital thereafter. Effective January 1, 2020, the Firm reduced management fees for Fund I to 0%. Management fees for Fund II -A and Fund II -B during the investment period are the lesser of (i) 1.00% of Capital Commitments plus 1.00% of Capital Contributions invested and (ii) 2.00% of Capital Commitments. After the investment period, Management Fees are 2.00% of Capital Contributions invested. Limited Partners of the Funds who are employees of Zarvona Energy or Salient Partners have reduced Management Fees of 0.25% of Capital Commitments during the investment period and 0.25% of Capital Contributions invested after the investment period. Management fees for Chalk II -4 Co- Invest are 1.00% of Capital Commitments. The firm generally requires a minimum investment threshold for Limited Partners in each Fund of $500,000; however, this may be waived or modified.
Areas of Practice
Location
1001 Mckinney Street, Suite 1800, Houston, TX, 77002