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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 8
of those in investment advisory functions 7
Registration SEC, Approved, 7/27/2018
Other registrations (1)
AUM* 478,561,118 -13.10%
of that, discretionary 478,561,118 -13.10%
Private Fund GAV* 478,561,119 -28.60%
Avg Account Size 47,856,112 -39.17%
SMA’s No
Private Funds 10 3
Contact Info 713 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
551M 472M 393M 315M 236M 157M 79M
2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count10 GAV$478,561,119

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Brochure Summary

Overview

Cibolo is an investment adviser organized as a Delaware limited liability company which was formed in June 2016 to pursue alternative credit opportunities and non-control equity investments in energy and energy related infrastructure projects and companies in North America. Justin Teltschik and J. William Sikora (together referred to as the “Founders”) are the sole members of Cibolo. A two- person committee, consisting of Messrs. Teltschik and Sikora controls Cibolo and manages its operations. The Management Company together with an affiliate, Cibolo Energy Partners GP, LP (the “Fund I General Partner”) and Cibolo Energy Partners II GP, LP (the “Fund II General Partner” or together with the Fund I General Partner, the “General Partners”) provides discretionary advisory services to private investment vehicles. Cibolo provides investment advisory services to Cibolo Energy Partners I, LP (“Fund I”), Cibolo Energy Partners II, LP (“Fund II”) and CEP Associates Vehicle, LP that primarily target privately negotiated debt and equity-like investments in lower, middle market energy companies in the general target range of $20 million to $75 million per standalone investment. The Funds’ investments seek to provide capital to energy companies to allow them to recapitalize their balance sheets, access additional liquidity, and provide growth capital for both acquisitions and organic development. Cibolo expects that the Funds’ portfolio companies will be able to leverage these relationships to optimize production, lower operating expenses, and increase commodity-price realizations. Cibolo 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 I and/or Fund II in one or more portfolio companies. Such funds
and/or accounts are generally structured in a manner similar to Fund I and Fund II (each such fund and/or account, a “Co-investment Fund”, and collectively, the “Co- investment Funds”). Cibolo currently provides investment advisory services to the following Coinvestment Funds: Cibolo Energy Coinvestment I, LLC, Cibolo Energy Coinvestment II, LLC, Cibolo Energy Coinvestment III, LLC, Cibolo Energy Coinvestment V, LLC, Cibolo Energy Coinvestment VI, LLC, Cibolo Energy Coinvestment VII, LLC and Cibolo Cornerstone Coinvestment, LP. For purposes of this brochure, each of Fund I, Fund II and any current and future Co-Investment Funds are individually referred to as a “Fund” and collectively as the “Funds” or the “Clients.” Investment advice is provided directly to the Funds in accordance with the applicable governing and offering documents, including certain investment restrictions and guidelines applicable to each Fund, and not individually to underlying investors. Fund limited partners generally do not have the ability to direct the Funds’ investments or strategies, however, Cibolo has agreed to certain investment criteria in conjunction with the Fund limited partners as generally set forth in accordance with the terms of each Fund’s confidential offering or private placement memoranda, individual limited partnership or shareholder agreements and other governing documents applicable to each Fund (the “Governing Fund Documents”). Cibolo 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. As of December 31, 2023, Cibolo had regulatory assets under management of approximately $478.6 million. Cibolo does not manage any regulatory assets on a non-discretionary basis.