Overview
SCF Partners, Inc. was formed on February 7, 1989 and began providing advisory services later
that year. Since that time, SCF has provided only investment supervisory services and does not
refer to its services as financial planning or some similar service. SCF became a registered
investment adviser in 1995. For purposes of this brochure, “SCF” means SCF Partners, Inc.,
together (where the context permits) with its affiliated general partners of the Funds (as defined
below).
SCF provides investment supervisory services to investment vehicles (the “Funds”) that are
exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the
“Securities Act”).
SCF provides advisory services on equity securities, including mainly privately-held but
occasionally exchange-listed securities. It also provides advice on warrants and corporate debt
securities (other than commercial paper).
The Funds make primarily minority or majority interest equity investments in corporations
engaged in the oilfield service and equipment industry (“portfolio companies”). SCF and its
personnel identify and evaluate new investment opportunities, negotiate and assist in arranging
financing to consummate investments on behalf of the Funds, manage and monitor the
performance of such investments and dispose
of such investments. As discussed further in Items
5 and 11, SCF’s personnel or representatives also typically serve as board members of the portfolio
companies and assist the portfolio companies in setting strategic and financial goals, implementing
compensation systems and identifying and pursuing strategic opportunities.
SCF provides investment supervisory services to each Fund in accordance with the limited
partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”). SCF considers each Fund as its client and does not tailor its advisory
services to meet the individual needs of the particular limited partners in the Fund. However, the
organizational or offering documents of the applicable Fund, Advisory Agreements and/or side
letter agreements negotiated with investors in the applicable Fund (such documents collectively, a
Fund’s “Organizational Documents”) limit the industry in which monies may be invested to the
worldwide energy services and equipment industry. SCF does not participate in wrap fee
programs.
The assets of each fund are managed solely on a discretionary basis. As of December 31, 2023,
the amount of client assets managed for all Funds combined totaled $1,995,807,500.
SCF Partners, Inc. is principally owned by Laurence E. Simmons.