CIRRUS OIL & GAS LLC

Thesis

Cirrus Oil & Gas LLC is a Denver-based private equity firm founded in 2019 that specializes in acquiring non-operated interests within the oil and gas sector across the United States. Their core strategy involves identifying and investing in proven resource plays, partnering with 'best-in-class operators' to maximize investor returns. Cirrus employs a data-driven approach with proprietary underwriting methods. They focus exclusively on acquiring non-operated interests, offering investors exposure to the energy sector without direct operational management complexities, enabling faster decision-making and flexible solutions for interest holders. The firm is 'basin- and commodity-agnostic,' seeking opportunities across various U.S. resource plays. While specific fund sizes and AUM are not disclosed, Cirrus has invested over $400 million and reviewed more than 900 deals, reporting an 80% blended IRR. Cirrus Oil & Gas Fund I LP is an open fund in Real Assets & Natural Resources. They operate within the United States, particularly in the Delaware Basin, Mid-Con, and Haynesville regions, preferring established, producing assets over early-stage ventures. Previous ventures like Tier 1 Resource Partners invested over $275 million. The firm has a well-capitalized, undisclosed financial partner and a limited institutional footprint beyond Denver.

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• Series C+ investors based in Denver, CO