Cibolo Energy Partners, LLC

Cibolo Energy Partners provides discretionary investment advisory services exclusively to private pooled investment vehicles and co‑investment funds, not to individual clients. The firm advises its Main Funds and affiliated co‑investment vehicles that target privately negotiated debt and equity‑like investments in lower‑middle market energy companies in North America.

Cibolo’s investment approach emphasizes direct origination, a bottom‑up credit due‑diligence process, and active portfolio management, generally avoiding broadly syndicated transactions. The firm typically seeks to act as the majority lender and lead agent and targets standalone investments in the roughly $20–$75 million range intended to recapitalize balance sheets, provide growth capital and improve operational performance.

Distinctive features include a compact governance structure — a two‑person committee of the founders — managing about $541.5 million through pooled funds and co‑investment vehicles rather than individual accounts. The funds’ concentrated focus on upstream energy, quarterly readjustment of financial projections to reflect commodity prices, and receipt of transaction and monitoring fees from portfolio companies create direct commodity‑market exposure and operational roles that, in other contexts, are more commonly associated with commodity pool operators or trading advisors.