Overview
Cadent Management Services, LLC (“Cadent”) is a federally registered investment adviser that provides
investment management services to pooled investment Funds, as further described below. Cadent is a
Delaware limited liability company which has been in business since January, 2004. Cadent’s principal
owner and managing member is Cadent Energy Partners, LLC, which is in turn principally owned by Paul
G. McDermott.
The investment advisory services Cadent provides (the “Services”) consist of investment management
services for pooled investment funds and the sponsors of such funds. An entity affiliated with Cadent
typically serves as the general partner (“General Partner”) for each of the pooled investment funds for
whom Cadent provides Services (each, a “Fund” and together the “Funds”). Cadent currently provides
Services to two Funds and their respective General Partners, as well as providing management services to
the portfolio companies in which each Fund invests. Such management services may include having
employees of Cadent serve as officers and/or directors of portfolio companies and in such capacities such
employees may be reimbursed for expenses and/or paid expense allowances by the portfolio companies as
governed by the relevant agreement with each Fund or portfolio company, as applicable. While Cadent
specializes
in providing investment and management services related to portfolio investments within the
energy industry, Cadent does not hold itself out as specializing in a particular type of management or
advisory service. The Services are discretionary in nature and consist of the ongoing and continuous review
of the portfolio companies in which Cadent invests on behalf of its Funds.
Though Cadent employs the same investment strategy for each of its Funds, Cadent tailors its Services to
the specific needs of each particular Fund by complying with the terms of each Fund’s governing document
and such other limitations which a Fund may request. The Funds may communicate to Cadent restrictions
on investment securities, asset classes, custodians or any other restriction they would like to impose on
their portfolio investments.
As of the date of this filing, Cadent Energy Partners is no longer seeking third party investment funds.
As of the date of this filing, Cadent Energy Partners is operating in a virtual environment. The principal
place of business shown on the Form ADV Part 1A is the firm’s mailing address. Operations of the firm are
conducted remotely from the various locations of its personnel.
As of December 31, 2023, Cadent had approximately $459 Million in discretionary regulatory assets under
management.