For purposes of this brochure, the “Adviser” means CSL Capital Management, L.P., a Delaware limited partnership,
together (where the context permits) with its affiliates that provide advisory services to and/or receive advisory fees
from the Funds (as defined below). Such affiliates may or may not be under common control with CSL Capital
Management, L.P., but possess a substantial identity of personnel and/or equity owners CSL Capital Management,
L.P. These affiliates may be formed for tax, regulatory or other purposes in connection with the organization of the
Funds (as defined below), or may serve as general partners of the Funds (as defined below).
The Adviser provides investment supervisory services to investment vehicles, including co- 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”).
The Funds make primarily long-term private equity and equity-related investments, as well as investments in debt
instruments. In accordance with the Funds’ respective investment objectives, investments are generally made in
companies doing business in oilfield services and other energy services opportunities. The Adviser’s advisory services
consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making
investments on behalf of the Funds, managing and monitoring the performance of such investments and disposing of
such investments. The Adviser will serve as the investment adviser to the Funds in order to provide such services.
Affiliates of the Adviser, which are under common control, will serve as general partner to the Funds.
The Adviser
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”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the applicable general
partner, and not individually to the investors in the Funds. Services are provided to the Funds in accordance with the
Advisory Agreements with the Funds and/or organizational documents of the applicable Fund. Investment restrictions
for the Funds, if any, are generally established in the organizational or offering documents of the applicable Fund
and/or side letter agreements negotiated with investors in the applicable Fund.
Side letter agreements exist with certain limited partners and certain investors that have committed capital to co-
investment vehicles. These side letters include various terms related to an investor’s investment including, among
other things, fee structure (e.g. Advisory Fees, Carried Interest, and Transaction Fees, as defined below), information
rights, and other rights and privileges, or accommodating regulatory needs of investors, without providing prior notice
to, or receiving consent from, existing investors in a Fund. The Adviser may enter side letters in the future. The terms
of such side letter agreements will be negotiated and determined by the Adviser.
The principal owner of CSL Capital Management, L.P. is Charles S. Leykum. The Adviser has been in business since
2008.As of December 31, 2023, the Adviser manages approximately 377 million of regulatory assets under
management, all of which is managed on a discretionary basis.