Firm Overview
CRM is a private fund manager that invests in oil and gas mineral interests in the United States. CRM was
formed in 2010 by J. Michael Lewis (“M Lewis”) and Campbell C. Lewis (“C Lewis”) (collectively, the
“Managers”). CRM is wholly owned by M Lewis and C Lewis. Coronado Resources GP, LLC, (“CGP”)
Coronado Resources GP 2013 LP (“CGP13”), Coronado Resources GP 2015 LP (“CGP15”), CRM 2018,
LP (“CRM18”), Coronado Resources GP 2018 LP (“CGP18”), Coronado Haynesville GP 2021 LP
(“CGP21”), Olympia Minerals Management, LP (“OMM”), Olympia Holdings, LLC (“OH”), and
Eaglebine GP, LP (“EGP”), are each affiliates of CRM and Relying Advisers (as discussed below). M
Lewis and C Lewis are majority owners of CGP, CGP13, CGP15 and EGP. C Lewis and P. Raymond
Morrow, II are majority owners of CRM18, CGP18, and CGP21. M Lewis and his spouse are majority
owners of OMM, and M Lewis and Roy C. Coffee, Jr. are majority owners of OH.
CRM serves as investment manager to private funds, including Coronado Resources LP (“CR”), Coronado
Resources 2013 LP (“CR13”), Coronado Resources 2015 LP (“CR15”), and Eaglebine Minerals LP
(“EM”). CRM18 serves as investment manager to Coronado Resources 2018 LP (“CR18”) and Coronado
Haynesville 2021 LP (“CR21”). CGP, CGP13, CGP15, CGP18, CGP21 and EGP serve as general partners
to these private funds, respectively. OMM serves as investment manager and OH serves as general partner
to Olympia Royalty, Ltd. (“OR”). These funds are collectively referred to throughout this Brochure as
(“Private Funds” or the “Coronado Funds”).
CRM, CRM18, CGP, CGP13, CGP15, CGP18, CGP21, OMM and OH have together filed a single Form
ADV, are subject to a unified compliance program administered by a single Chief Compliance Officer
(“CCO”) and hold themselves out to current and potential investors as conducting a single advisory
business. CRM18, CGP, CGP13, CGP15, CGP18, CGP21, OMM and OH are each a “Relying Adviser” of
CRM. References in this Brochure to CRM shall include the Relying Advisers, as appropriate.
As of December 31, 2023, CRM had approximately $187 million in regulatory assets under management
(“RAUM”), all of which was managed on a discretionary basis.
Nature of Clients and Investors
CRM provides investment management services exclusively to the Coronado Funds. CRM does not have a
separate client relationship with investors in the Coronado Funds, which are referred to throughout this
Brochure as “Investors” or “Limited Partners”. The Coronado Funds are U.S. limited partnerships that are
not registered or required to be registered under the U.S. Investment Company Act of 1940 (the “Investment
Company Act”) or the U.S. Securities Act of 1933 (the “Securities Act”) and are privately placed to
qualified investors in the United States. See, also Item 7 below. Investors in the Coronado Funds generally
include high net worth individuals, endowments, foundations, and family offices that are accredited
investors and qualified clients.
Investment Mandates
The Coronado Funds are managed in accordance with the investment objectives, strategies and guidelines
as set forth in the relevant Fund’s confidential offering memorandum, organizational documents and other
related documents (collectively “Governing Documents”). In all cases investments are selected on the basis
of the Fund’s investment strategy and objectives.
The Coronado Funds are not tailored to the individualized needs of any particular Investor, though the
Coronado Funds may take into consideration the general characteristics (e.g., tax status) of its target
Investors when structuring its operations. An investment in a Coronado Fund does not, in and of itself,
create an advisory relationship between the Investor and CRM, and CRM typically does not enter into
separate advisory arrangements with any Investor. Therefore, each Investor must consider for itself whether
any Private Fund meets the Investor’s investment objectives and risk tolerance before investing in the Fund.
Information about each CRM Fund is set forth in its Governing Documents, which are available to current
and eligible prospective investors only through CRM.