SAGE ROAD CAPITAL
SAGE ROAD CAPITAL is a Series C+ fund in Oklahoma, Texas and the US writing $10M–$30M checks into oil-and-gas and upstream-oil-and-gas.
- Stages
- Series C+
- Sectors
- oil-and-gas, upstream-oil-and-gas
- Check size
- $10M–$30M
- Invests in
- Oklahoma, Texas, US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2012
- Assets under management
- < $150M
Thesis
Sage Road Capital is a Houston-based private equity firm founded in 2012, specializing in the lower middle-market upstream oil and gas sector across North America, with a focus on Texas, Oklahoma, and surrounding states. They seek entrepreneurial management teams with strong expertise and prefer to take controlling stakes, offering patient, long-term capital with flexible deal structures. The firm emphasizes disciplined hedging and seeks overlooked opportunities. Sage Road Capital manages less than $150 million in AUM across two private funds and typically invests $10 million to $30 million in equity per deal, targeting assets valued under $100 million, often less than $50 million.
Common questions
Does SAGE ROAD CAPITAL invest at the Series C+ stage?
Yes. SAGE ROAD CAPITAL lists Series C+ among the stages it invests in.
What check size does SAGE ROAD CAPITAL write?
SAGE ROAD CAPITAL writes $10M–$30M checks.
Where does SAGE ROAD CAPITAL invest?
SAGE ROAD CAPITAL invests in Oklahoma, Texas and the US.