Juniper Capital Advisors, L.P. (“JCA”) is a Delaware limited partnership and a registered investment
adviser that began operations in 2014. JCA is controlled by its general partner, Juniper Capital Advisors
GP, LLC, which is an entity wholly owned and controlled by Edward Joseph Geiser. Richard Kendall
Gordon is the sole limited partner of JCA. Together, Mr. Geiser and Mr. Gordon are the principal owners
of JCA. JCA, and its affiliated investment advisers, provide investment advisory services to private
investment funds. JCA provides investment advisory services to Juniper Capital II, L.P. (“Fund II”) and
Juniper Capital III, L.P. (“Fund III”), each a private equity fund that targets private equity or equity-like
investments in companies involved primarily in the onshore United States oil and gas exploration and
production (“E&P”), midstream and oilfield service industries (collectively, the “Sector”), with a primary
focus on E&P investments. The general partner of Fund II is Juniper Capital II GP, L.P., a Delaware limited
partnership and the general partner of Fund III is Juniper Capital III GP, L.P., also a Delaware limited
partnership (the general partner to each Fund, each a “General Partner”, and together with JCA, “Juniper”
or the “Firm”). Each General Partner is registered under the Advisers Act pursuant to JCA’s registration
in accordance with SEC guidance. This brochure also describes the business practices of the General
Partners, which operate as a single advisory business together with JCA.
JCA currently provides, and may in the future provide, similar services to private funds and/or accounts
that have been formed to co-invest with Fund II and/or Fund III in one or more portfolio companies. Such
funds and/or accounts are generally structured in a manner similar to Fund II and Fund III (each such fund
and/or account, a “Co-investment Fund”, and collectively, the “Co-investment Funds”). As of the date of
this brochure, JCA provides advisory services to the following Co-investment Funds: Juniper BRE Partners,
L.P., Juniper NPR Partners, L.P., Juniper 1920 Partners, L.P. and Juniper North Peak Partners, L.P. In
certain instances, the General Partner of a Co-investment Fund may be different from the General Partner
of the Fund with which it co-invests. For purposes of this brochure, each of Fund II, Fund III and any
current and future Co-Investment Funds are individually referred to as a “Fund” and collectively as the
“Funds.” As used in this brochure, “we”, “us” and “our” refer to Juniper and its advisory business.
In addition, JCA is affiliated with Juniper Capital Investment Management, L.P. (“JCIM”) and Juniper
Capital IV GP, L.P. JCIM’s registration with the SEC under the Advisers Act went effective in June 2021.
JCIM
provides investment advisory services to Juniper Capital IV, L.P. (“Fund IV”), which is a private
equity fund that is a successor to Fund III and will invest primarily in the onshore United States E&P,
midstream, oilfield services, renewable energy, carbon mitigation, and energy related technology industries.
JCIM conducted several closings on commitments to Fund IV throughout calendar year 2023 and in early
2024. JCIM also provides investment advisory services to a Co-investment Fund, Juniper High Noon
Partners, L.P. (“HNR Co-invest”), that was formed to co-invest with Fund IV on an investment. JCIM was
appointed to provide advisory services to HNR Co-invest by Juniper High Noon Partners GP, L.P, which
is an affiliate of HNR Co-invest. Additional information regarding JCA’s affiliation with JCIM can be
found under Item 10 below.
Juniper’s investment advisory services to the Funds include sourcing, evaluating, negotiating, overseeing,
managing and disposing of investments in the Sector. Juniper tailors its advisory services in accordance
with each Fund’s investment strategy and specific terms and conditions as described in such Fund’s private
placement memorandum (“PPM”), governing documents and other offering documents. These documents
include restrictions on investing in certain instruments or types of assets, including concentration limits and
geographical restrictions. Each Co-investment Fund has additional restrictions given its limited investment
purpose. Please refer to each Fund’s PPM and other offering materials for specific information about the
applicable Fund.
Juniper has entered into letter agreements or other similar agreements (referred to as “side letters”) with
one or more investors in a Fund which have the effect of establishing rights under, supplementing or altering
a Fund’s governing documents or an investor’s subscription agreement. Once invested in a Fund, investors
cannot impose additional investment guidelines or restrictions on the applicable Fund, but, in certain
instances, may be excused from a particular investment due to legal, regulatory or other applicable
constraints.
Juniper currently does not provide investment advisory services to clients apart from each of the Funds and
does not provide investment advisory services for individual investors.
The information provided herein about the investment advisory services provided by Juniper is qualified in
its entirety by reference to the Funds’ governing documents, including offering materials and limited
partnership and subscription agreements.
As of December 31, 2023, JCA had discretionary assets under management of approximately
$1,372,326,017. As of December 31, 2023, JCA did not manage any assets on a non-discretionary basis.
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