The Salient Zarvona Energy Fund Gp, L.P.

The Salient Zarvona Energy Fund GP, L.P. serves as the general partner and discretionary manager for a group of private, closed‑end funds that invest directly in U.S. onshore oil and gas assets. Its clients are the funds’ limited partners, and the firm reported approximately $264.3 million in discretionary assets under management as of December 31, 2025.

The firm sources, acquires, develops, operates and sells mature oil and gas properties, applying due diligence on operating companies, property condition and development costs and using an investment committee of senior executives from its affiliate organizations to review material investments, typically those at or above $10 million. Funds operate with hard‑cap fundraising and capital‑call structures, the firm invests alongside limited partners (generally at least 1% of commitments), and compensation arrangements include an 8% preferred return with a 20% carried interest; the firm also employs commodity hedges such as collars and swaps to manage near‑term price risk.

Noteworthy aspects include an affiliated operating company that performs day‑to‑day field oversight for Fund assets and may charge direct operating expenses to those assets, creating operational integration between sponsor and manager. The firm also has related‑party links into other financial industry activities—including persons affiliated with a broker‑dealer and with commodity pool/operator or trading‑advisor registrations—and uses supplemental vehicles (a co‑investment partnership and a subsidiary that holds preferred equity interests) and an LP Committee to address governance and potential conflicts.