Brigham Royalties Management, LLC

Brigham Royalties Management, LLC provides discretionary investment advisory services to privately offered pooled funds — Brigham Royalties Fund I, LP and BROY BEVO PIV, LP — by acquiring mineral and royalty interests in oil and gas reserves in the continental United States. The adviser manages the Funds pursuant to each Fund’s offering documents and reported approximately $445.6 million in regulatory assets under management; Fund investors are admitted only as accredited investors and qualified clients subject to subscription agreements.

The firm’s investment approach is concentrated on upstream oil and gas royalty and mineral interests and is implemented through Fund-level discretion, long‑term capital commitments (for example, a ten‑year expected term for one Fund with possible extensions), and the potential use of leverage and co‑investment arrangements. One Fund (BROY Fund I) includes carried‑interest compensation for certain participants, and the brochure discloses allocation policies and other controls intended to address performance‑based fee and side‑by‑side conflicts with affiliated activities.

Distinctive features noted in the brochure and related marketing materials include the use of testimonials, predecessor performance, third‑party ratings, and endorsements—elements that are uncommon among peers that primarily manage pooled vehicles. The firm is also described as recently formed yet affiliated with several registered adviser entities and discloses that principals and personnel invest alongside limited partners and may receive carried interest, which the brochure frames both as an alignment mechanism and a potential source of conflict.