Luminus Management, LLC (“Luminus”, the “Company” or the “Management Company”) is a
limited liability company based in Houston, TX and was founded in 2002 for the purpose of
managing assets on a discretionary basis on behalf of private pooled investment vehicles. Luminus
is wholly owned by Luminus Management GP, LLC. Jonathan Barrett is the principal owner and
Managing Member of Luminus Management GP, LLC. Mr. Barrett is also the Chief Executive
Officer and Chief Investment Officer of Luminus.
Luminus presently provides investment advisory services to Luminus Energy Partners Master
Fund, Ltd., Luminus Energy Partners QP, LP, Luminus Energy Itineris, LP, and Luminus Energy
Partners, Ltd. (the “Energy Partners Funds”); Luminus Special Opportunities II Master Fund, Ltd,
Luminus Special Opportunities II, L.P. (the “LSO II Funds”); Luminus Capital Partners Onshore,
LP, Luminus Capital Partners Offshore, Ltd., and Luminus Capital Partners Master Fund, LP (the
“Capital Partners Funds” and collectively with the Energy Partners Funds, and the LSO II Funds,
the “Funds”). It should be noted that the Funds are each continuing to work towards a plan of
liquidation and as a result, the Funds no longer accept investor subscriptions. As noted in Item 8 -
Methods of Analysis, Investment Strategies and Risk of Loss, Luminus expects that each Fund will
be fully liquidated in one to three years.
Luminus also serves as the sub-advisor to the Iris TIME Fund, L.P. (the “Iris TIME Fund” and
along with the Funds, “Clients”). The investment advisor is a related person, Iris Capital Group
LLC (“Iris”). Refer to Item 10 – “Other Financial Industry Activities and Affiliations” below for
further details regarding Iris. Luminus does not intend to offer sub-advisory services to additional
funds or separately managed accounts in future.
Investment in the Funds is limited to investors
that meet certain financial sophistication
requirements. Investors in the Funds must be (i) “accredited investors” within the meaning of
Regulation D under the Securities Act of 1933, as amended; and (ii) “qualified purchasers” within
the meaning of the Investment Company Act of 1940, as amended. Prospective investors may be
required to meet additional suitability requirements. Investors considering investment in the Funds
should consult with their own investment, tax and/or legal consultants prior to investing.
Luminus does not provide investment advice to individual investors in the Funds. Rather, Luminus
provides investment advice to the Funds. Luminus does not participate in wrap-fee programs.
Luminus may advise other clients in the future, including pooled investment vehicles and separate
accounts, and may provide both discretionary and non-discretionary advisory services to clients.
Luminus’ investment strategies generally focus on, but are not limited to, public companies within
the power, energy, utilities and related industries and sectors, and captures investment
opportunities in the broader energy ecosystem. The Funds’ advisory agreements provide Luminus
with discretionary investment authority and, as such, Luminus utilizes a wide range of securities
and related instruments to express its investment views. Investments utilized in the management
of the Funds’ portfolios include without limitation long or short positions in public equities, bonds,
notes, convertible securities, debt participations, options, warrants, derivatives, and private
equities, among others.
As of December 31, 2023, Luminus’ regulatory assets under management (“RAUM”) were
approximately $1,001,858,876, all of which is on a discretionary basis.
Please refer to the Funds’ private placement and offering memoranda for more detailed information
regarding the topics discussed in this Brochure.