RIDGEWOOD ENERGY CORPORATION

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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 68 17.24%
of those in investment advisory functions 20 5.26%
Registration SEC, Approved, 2/21/2007
AUM* 4,037,929,807 -16.19%
of that, discretionary 3,197,289,117 -19.83%
Private Fund GAV* 3,043,245,579 -2.44%
Avg Account Size 201,896,490 -12.00%
SMA’s Yes
Private Funds 4
Contact Info 201 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- Fixed fees (other than subscription fees)

Recent News

Reported AUM

Discretionary
Non-discretionary
4B 3B 3B 2B 2B 1B 577M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$3,043,245,579

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Brochure Summary

Overview

Ridgewood Energy Corporation (“Ridgewood Energy” or the “Company”) is a Delaware Corporation that was founded in 1982. Ridgewood Energy is privately owned by certain family trusts and Matthew E. Swanson (“Mr. Swanson”). Mr. Swanson is the Company’s sole director, Executive Chairman & Senior Managing Director. Ridgewood Energy is primarily engaged in the business of furnishing investment, supervisory and management services to pooled investment vehicles it sponsors (the “Ridgewood Funds”). There are two categories of Ridgewood Funds. The first are the Ridgewood Funds that were primarily raised through a network of independent FINRA registered broker-dealers; referred to in this Brochure as the “IBD Funds”. The Company does not anticipate sponsoring any new IBD Funds, but continues to manage the IBD Funds’ investments in Projects (as defined below). The second are the Ridgewood Funds that only accept investments from institutions meeting the definition of qualified purchaser under the Investment Company Act of 1940; these funds are referred to in this Brochure as the “Institutional Funds”. Ridgewood Energy also provides advisory and management services to a group of related institutional investors (collectively, the “Institutional Clients”; together with the Ridgewood Funds, the “Clients”) in connection with investments in the Projects. As of December 31, 2023, $3,197,289,117 in assets under management, of which $840,640,690
is managed on a non-discretionary basis. The Ridgewood Funds and the Institutional Clients focus on investing in working interests in oil and gas projects, related infrastructure (the “Projects”) in the U.S. waters of the Gulf of Mexico (the “US GOM”) and companies that participate in the drilling, development and production of Projects. Generally, the services Ridgewood Energy provides its Clients include (the “Services”):
• Performing due diligence on, and selecting or recommencing Projects for investment by the Clients.
• Monitoring the drilling activities of exploratory and developmental Projects and the development and production of successful Projects.1 The day-to-day operations of the Projects are the responsibility of a project operator under an agreement (e.g. a joint operating agreement) with the Ridgewood Funds or SPC that owns an interest in such Project and other owners of the Project.
• Handling financial matters, such as audits and tax matters, regulatory issues (including filings with regulatory agencies), legal matters and other general corporate and related matters.
• Handling investor relations matters for the Ridgewood Funds. Ridgewood Energy has full, exclusive and complete discretion in the management and control of the Ridgewood Funds, including the authority to select investments on behalf of each Ridgewood Fund.