Edge Natural Resources LLC (the “Company”) is an investment advisory firm based in Dallas, Texas, that
was founded in 2015 to manage private equity funds focusing on investments in the energy sector. The
Company’s principal owners are Roy Aneed, Jesse Bomer, Oscar Pate and Stacie Moore.
The Company manages various private funds that focus on investing in opportunities in the North
American energy sector (the “Main Funds”). Certain investors or other persons are provided the
opportunity to participate in co-invest vehicles (each a “Co-Invest Fund,” and, together with the Main
Funds, the “Funds”). Subject to applicable Fund Governing Documents (as defined below), such Co-Invest
Funds will typically invest and dispose of their investments at the same time and on the same terms as the
primary Fund making the investment. Each Fund is exempt from registration under the Investment
Company Act of 1940, and the offering of interests in each Fund is conducted through a “private offering”
that is exempt from registration under the Securities Act of 1933. Responsibility for managing each Fund,
including all day-to-day operations and investment activities, has been delegated to the Company by the
Fund’s general partner (each, a “General Partner”), which is affiliated and under common control with
the Company.
As the investment adviser to each Fund, the Company identifies investment opportunities for the Fund,
and manages the acquisition, monitoring and disposition of investments for the Fund. These services are
conducted pursuant to
an investment advisory agreement that each Fund has entered into with the
Company (each, an “Advisory Agreement”) and in accordance with each Fund’s private placement
memorandum, limited partnership agreement, side letters and other governing documents (the “Fund
Governing Documents”). The Company tailors its investment advisory activities to comply with the
investment objective, guidelines and restrictions set forth in each Fund’s Governing Documents, as the
same may be amended from time to time. However, because each Fund is a pooled investment vehicle,
the Company does not take the individual circumstances of the Fund’s investors into consideration when
providing investment advice to the Fund.
Each Fund may enter into side letters or other similar agreements with certain investors in the Fund that
have the effect of establishing rights under, supplementing or altering the Fund’s Governing Documents.
Such alterations could be regarding economic terms, fee structures, excuse rights, information rights, co-
investment rights (including the provision of priority allocation rights to investors who have capital
commitments in excess of certain thresholds to one or more Funds), or transfer rights. The existence and
terms of these side letters are not generally disclosed to other investors in the Fund. The Company does
not participate in any wrap fee programs.
As of December 31, 2023, the Company had approximately $1,198,085,145 in regulatory assets under
management, all of which are managed on a discretionary basis.