The Salient Zarvona Energy Fund GP, L.P. (the “Firm”) is an SEC-registered investment adviser with its
principal place of business in Houston, Texas. The Firm is owned primarily by Westwood Holdings
Group, Inc. (“Westwood”) formerly Salient Partners, L.P. (“Salient Partners”), Zarvona Energy LLC
(“Zarvona Energy”), and The Salient Zarvona Energy GP LLC (the “GP”).
Zarvona Energy is a privately-held, independent oil & gas production and acquisition company
headquartered in downtown Houston, Texas and founded in 2010 and principally owned by Kathryn S.
MacAskie. In 2011, Zarvona Energy entered into a joint venture with Salient Partners to lead an effort to
acquire, further develop, and produce mature, long-lived oil and gas assets. Zarvona Energy and its
affiliates currently own interests in operated oil and gas fields in Texas, Oklahoma, and Louisiana in
addition to non-operated fields in New Mexico.
Investment Management Services
The Salient Zarvona Energy Fund GP, L.P. sponsors and serves as a discretionary fund manager to certain
private equity funds (the “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. Generally, a Fund has a “hard-cap” on the aggregate amount of
money that the Firm can raise for that particular Fund (the “Capital Commitment Ceiling”). The Funds
receive unfunded capital commitments (“Capital Commitments”) from the Firm and Limited Partners
(“LPs” or “Investors”) during one or more initial fundraising stages, after which the Funds are generally
closed to new investors.
Each Fund is structured as a limited partnership, with the Firm or a wholly-owned subsidiary of the Firm
serving as the general partner of the Funds. During the life of a Fund, the general partner will, from time
to time, call on the Investors to make capital contributions (each a “Capital Contribution”, and collectively,
“Capital Contributions”) in proportion
to their respective Capital Commitments in order to satisfy one or
more capital calls for expenses, fees, or project investments (each a “Call for Capital”).
The primary business of the Funds is to invest directly in U.S. onshore oil and gas assets. The Firm
currently provides fund management and investment advisory services to the following Funds:
• The Salient Zarvona Energy Fund, L.P. (“Fund I”)
• Salient Zarvona Energy Fund II-A, L.P. (“Fund II-A”)
• Salient Zarvona Energy Fund II-B, L.P. (“Fund II-B”)
• Chalk II-4 Co-Invest, L.P. (“Chalk II-4 Co-Invest”)
The general partners through which the Firm manages Fund II-A, Fund II-B, and Chalk II-4 Co-Invest
file a single Form ADV with the Firm in reliance on the position expressed by the SEC staff in the no-
action letter issued to the American Bar Association, Business Law Section, on January 12, 2012.
References to the Firm below include these two subsidiaries. The Funds are not required to register under
the Securities Act of 1933 or the Investment Company Act of 1940 in reliance upon certain available
exemptions.
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Assets under Management
The Firm manages each Fund on a discretionary basis in accordance with the applicable Fund’s offering
and organizational documents (in each case, the “Fund’s Organizational Documents”). Discretionary
assets under the Firm’s management were $297.9 million as of December 31, 2023. The Firm does not
manage any assets on a non-discretionary basis.
Important Additional Considerations
The information provided herein merely summarizes the detailed information provided in each Fund’s
Organizational Documents. Current and prospective Limited Partners (each a “Limited Partner” or “LP”)
in any Fund launched by the Firm should be aware of the risks associated with Fund investments as well
as the terms applicable to such investment. This and other detailed information are provided in each
respective Fund’s Organizational Documents.