BURNHAM STERLING ASSET MANAGEMENT LLC

Thesis

Burnham Sterling Asset Management LLC (BSAM), founded in 2015 and headquartered in Cos Cob, Connecticut, is an SEC-registered investment advisor with a strong focus on the energy transition sector, particularly sustainable aviation fuel (SAF). As an affiliate of Burnham Sterling & Company LLC and Babcock & Brown Securities LLC, BSAM manages private funds, including SAFFA Fund I, LP, targeting accredited investors and qualified purchasers. Their investment strategy involves advising issuers, investors, and sellers on financing options and executing transactions ranging from $50 million to $1 billion, with a preference for CAPEX-intensive companies in the energy transition space. The firm reported $194.6 million in AUM as of June 2024, with one private equity fund, Saffa Fund I LP, having a closed size of $200 million. While explicit stage preferences are not detailed, their focus on private funds and significant transaction values suggests a leaning towards growth and buyout opportunities within the United States. Burnham Sterling & Company has a history of investments and advisory roles, including in Crysalis and Avianca Group International.