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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 11 10.00%
of those in investment advisory functions 7 16.67%
Registration SEC, Approved, 12/21/2020
AUM* 1,237,949,965 -0.58%
of that, discretionary 1,237,949,965 -0.58%
Private Fund GAV* 1,222,263,141 -33.06%
Avg Account Size 247,589,993 -0.58%
SMA’s No
Private Funds 5
Contact Info 214 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 1B 889M 712M 534M 356M 178M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count5 GAV$1,222,263,141

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Brochure Summary

Overview

FIRM DESCRIPTION Condire Management, LP, a Texas limited partnership and private investment advisory firm (“Condire” or “we,” “us,” or “our”), is the management company associated with Condire Investors, LLC (“Condire Investors”), the General Partner of the funds Condire advises. Condire Investors was organized in 2012 to be the general partner in several funds directed by Ryan Schedler and Brad Shisler (the “Condire Principals”), and was formerly a wholly owned subsidiary of CPMG, Inc. (“CPMG”, a registered investment adviser). Effective December 31, 2020, the Condire Principals concluded their employment with CPMG and assumed control of Condire and Condire Investors as part of a transition plan agreement between us and CPMG. As of January 1, 2021, we operate independent of CPMG. We provide investment management services with respect to affiliated private pooled investment vehicles and generally have full discretionary authority with respect to investment decisions. Our investment advisory services are provided in accordance with the investment objectives and guidelines set forth in the applicable offering, governing and/or account documents, and the information in this brochure is qualified in its entirety by the information set forth in such documents. PRINCIPAL OWNERS The controlling members of Condire are Ryan E. Schedler and Bradley J. Shisler. TYPES OF ADVISORY SERVICES We serve as investment manager to the following affiliated private pooled investment vehicles: Condire Resource Partners, LP, a Texas limited partnership (the “Domestic Fund”), Condire Resource Offshore Partners, Ltd., a Cayman Islands exempted company (the “Offshore Fund” and, together with the Domestic Fund, the “Feeder Funds”), Condire Resource Master Partnership, LP, a Cayman Islands exempted limited partnership (the “Master
Fund” and, together with the Feeder Funds, collectively, the “CRP Funds”), as well as, Condire Alpha Partners, LP, a Texas limited partnership (“Condire Alpha”). In addition, we serve as investment manager to Silver Teal, LP, a Texas limited partnership (“Silver Teal (together with CRP Funds and Condire Alpha, the “Funds” and each a “Fund”). One of our affiliates serves as the general partner of the Domestic Fund, the Master Fund, Condire Alpha and Silver Teal. Each of the Feeder Funds invests all or substantially all of its assets in, and conducts its investment activities through, the Master Fund. Accordingly, the Master Fund serves as a centralized investment vehicle for the Feeder Funds and an investment in a Feeder Fund is an indirect investment in the Master Fund. We serve as investment manager with respect to each of the Funds and are responsible for investing and re-investing the assets of each Fund in securities, financial instruments and/or other assets in accordance with the investment objectives, policies and guidelines set forth in the applicable offering memoranda and/or governing documents. See Item 8 below. We provide investment advice to the Funds in accordance with the investment objectives, policies and guidelines set forth in the offering and governing documents, and not in accordance with the individual needs or objectives of any particular investor in the Funds. Investors generally are not permitted to impose restrictions or limitations on the management of the Funds. ASSETS UNDER MANAGEMENT Condire had approximately $1,237,949,965 in regulatory assets under management as of December 31, 2023. This amount consisted of $1,126,838,746 in CRP Funds, $60,738,260 in Condire Alpha and $50,372,959 within Silver Teal. All regulatory assets under management are managed on a discretionary basis.