Investments

Since 2004, PEP Investments has deployed over $15 billion of capital for our clients in both public and private markets across traditional energy and the Energy Transition.

Private Investment Strategies

Diverse professional backgrounds and a flat operating structure improves the “marketplace of ideas” on PEP’s private equity team.

PEP’s private equity practice focuses on discreet energy investment opportunities with asymmetric returns propositions. Featuring a team with diverse investment and direct operating backgrounds, PEP Private Equity has proven a capacity to provide investors with differentiated perspectives and unique access to value-oriented private energy investment strategies. Our principles are simple: honesty, deep technical due diligence, structural flexibility, and strong investor alignment. Our “more partner, less sponsor” approach to energy investing has helped to shape our superior industry and client networks as well as our longstanding reputation for fair dealing. PEP Private Equity’s primary goal continues to be creating outsized risk-adjusted returns for our clients, alongside whom we will always invest in the PEP Private Equity strategies.

Public Investment Strategies

Business analysts focused on long-term value creation.

Our public equities strategies focus on structurally advantaged assets across an array of enabler commodities and infrastructure projects. By taking a private equity approach to the public markets, PEP Public Equity assesses asset quality and management’s ability to generate long-term value. Our strategies focus on doing well while doing good: attractive prospective returns while supporting global zero-carbon efforts.

Recent

February 2022 – Commentary From Dan Pickering

February was a good month for energy stocks, but most importantly, it will wind up being viewed as strategically significant for energy markets and energy investors.

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Energy Transition Implications from the Russian/Ukrainian Conflict

Commentary from SailingStone Capital Partners

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Russian/Ukrainian Conflict and the Market Impact | Commentary from Dan Pickering

Commentary from Dan Pickering

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Dan Pickering Talks Oil Prices Amid Russia-Ukraine Tension

Dan Pickering joins Kelly Evans on CNBC’s The Exchange to discuss what the turmoil in Russia and the Ukraine mean for oil prices in the near- and long-term – and what the situation teaches us about the fragility of the hydrocarbon ecosystem.

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2021-2022 PEP Macro Outlook from Dan Pickering

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January 2022 – Monthly Commentary from Dan Pickering

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Dan Pickering Advises Oil Stocks to Watch on CNBC’s The Exchange

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Renewable Constraints

The Energy Transition – A Realistic Look at the Path Forward

We cannot wait until the world’s economy is powered entirely by renewables, if that is even possible; we need to mitigate greenhouse gas emissions right now. Combatting climate change means taking a pragmatic approach to what is feasible today and identifying and capitalizing on the innovators who will deliver solutions for tomorrow. By encouraging the responsible production of key enabler commodities like natural gas, copper, lithium, and aluminum, investors and policymakers can both accelerate and lower the price tag of the Energy Transition.

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December 2021 – Monthly Commentary from Dan Pickering

December 2021

December was an OK finish to a very good year.

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