Negative News: Sage Road Energy
The researching of Sage Road Energy II LP did not offer up any negative information. This is a private equity fund that is managed by a company called Sage Road Capital. It appears to have a clean record and no legal issues. This may be because they have only been around for the past 5 years, are still relatively small, and have experienced personnel managing the fund.
What we have found is that Sage Road Energy I LP and Sage Road Energy II LP are private equity funds operated by Sage Road Capital. Sage Road Energy II, LP was started in January 2017 as a limited partnership. The company is registered out of Delaware and has 18 beneficial owners with 11% management ownership and offices in Houston, Texas. Sage Road Capital just has the two investments and have about $150 million in assets. All details regarding ownership, executives and contact information is publicly available.
The Sage Road Capital website does not have a news section, but we thoroughly researched the site to see if any complaints, lawsuits, or negative press was affiliated with it and were unable to locate any. The PrivateFundData report indicates the company has no legal issues with them.
In researching the Sage company overview, we were able to locate detailed information that indicates they manage about $100 million in capital and have offices in both Texas and Oklahoma. The company likes to partner with owner-operators that have impeccable records in the U.S. market with conventional assets. Sage choose to participate in $10-$30 million dollar equity investments. The alignment structure is usually a management incentive and it has a preference for control but is very patient with regard to long-term capital and structure flexibility. Sage Road Capital does keep a social presence on LinkedIn explaining who it likes to partner with and how much the investments are.
Additionally, we searched Sage Road Management Company on the Bloomberg website and identified a link to SRC Management Co LP that indicates the Sage Road Capital website and contact information. Additional searches on any of the names listed above show no negative news or litigation since Sage Road Capital opened in 2012.
The only article with any news on Sage Road Capital or SRC or Sage Road Energy II LP is one by The Alternative Assets Network. The article indicates the number of funds that have been raised under Sage Road Energy II LP that were filed with the SEC. It indicated $74.5 million was raised towards Sage Road Capital's Energy II LP fund. The article goes on to talk about the founders, who are the firm's managing partners and that the company typically likes to invest amounts between $20 and $50 million.
REASONING FOR NO NEGATIVE PRESS
After thorough researching, we have identified no negative information on Sage. We believe this is because of several reasons:
1) Sage Road Capital is a pretty small firm with very little investment to date.
2) The company has only been in business since 2012.
3) The firm has experienced managers in charge. Management's expertise could be the reason for no claims.
4) As Sage is a private firm they may not be open to public scrutiny and therefore not as much information exists publicly.
In summary, we have researched news articles, the names Sage Road Capital, SRC Company LP, and Sage Road Energy II LP and have been unable to locate any negative press or litigation pending for the company. It appears to be a clean company that is relatively new and has about $150 million in assets.