Dylan R.
Level 3: Rising VoiceReviews by Dylan R.
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Oil & Gas Non-Op Institutional Grade Fund
As someone who has invested in over 10+ deals across multiple asset classes, I am continually looking for strong operators especially in the O&G space. I’m very grateful to have discovered Enclosure Energy for the following reasons: -Reinvesting 30-50% of the fund’s free cash flows to buy more non-operating working interests to help offset the inherent decline curve. This strategy significantly improves the chance of both return of capital (huge issue in most O&G funds) and a strong MOIC/equity multiple. -A below market one-time management fee means more capital is deployed into cash flowing assets rather than admin -Distributions from O&G production start within a 90-120 days of the fund closing at year-end (already received ~4%) -Diversification of high grade non-operating working interests across numerous operators, wells, and shale basins. (Avg per fund = 4-8 operators / 50-70 wells / 4-5 USA basins) -Focused solely in proven undeveloped locations which lowers dry hole risk -Above average co-investment from GP/Advisory team + favorable LP/GP split which bolsters long term alignment. -Institutional private equity experience that brings expertise and competence to a very complex industry. -Excellent performance and track record thus far on their first two funds (fund 1 & 2)
Personalized and Unique deal flow for LP investors
Before I discovered Hickory Creek Capital Partners, I felt fairly alone in the LP investor journey. I was looking at a decent amount of deals but didn’t have an extra set of eyes to help discern the operators, the asset class, and specific opportunity. It can be quite overwhelming to navigate the syndication world by yourself so I am very grateful for Hickory Creek as they provide an extra layer of due diligence and expertise. In addition, due to their network and connections, they were able to provide access to a unique tech private equity deal that I would never have had access to otherwise. Investing truly is “better together” and the fund of fund model really does offer that benefit in a powerful way. I look forward to the future opportunities that will arise with Hickory Creek Capital Partners!
Oil & Gas operator : long range thinking with honest communication
I am a few years into my alternative investing journey with a big focus on education, relationships, and understanding my own investor DNA. Even though I once worked for an O&G exploration company in accounting, I never imagined I could personally have a working interest in any O&G project. After two years of research and networking, I am grateful I invested with Pete and the team at Petrovybe for the following reasons. -Protect and scale business model that reduces downside risk and promotes strong upside potential -commitment to stewardship/transparency that includes 3rd party audited financials + quarterly business reviews with all investors/partners. -Alignment between GP and LP -Deep industry knowledge that’s positioning itself to help fuel the AI boom via Natural gas -Partnership : while investment opportunities abound in this asset class, I really desired to partner with an operator who would encourage my participation to add value. I truly feel a part of the team, not just a faceless investor. -Humility and Agility: I have found their humility and ability to pivot so refreshing amid an industry that is often known for arrogance and blame shifting. They don’t make excuses when things don’t go as planned and have already had to pivot as surprises and new opportunities arose. In summary, this operator is definitely worth considering for your next O&G investment.