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

April 2021 – Monthly Commentary from Dan Pickering

April 2021

Energy was flat/mixed during April.

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Global Natural Resources Commentary

First Quarter 2021

Commodity markets continue to heal, as evidenced by falling inventories across most products.

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March 2021 – Monthly Commentary from Dan Pickering

March 2021

After a very strong February, energy mostly scratched out additional gains in March.

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A colorful neural network

Monthly Commentary from Dan Pickering

February 2021

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January 2021 – Monthly Commentary from Dan Pickering

January 2021

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Global Natural Resources Commentary

Fourth Quarter 2020

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Global Natural Resources Commentary

Third Quarter 2020

The commodity markets continue to heal, despite an extremely volatile economic and geopolitical backdrop.

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Global Natural Resources Commentary

Second Quarter 2020

The dislocations created by COVID-19 and the subsequent global economic shutdown have scarred countries and communities around the globe.

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Global Natural Resources Commentary

First Quarter 2020

Each quarter, the Dallas Fed publishes a survey of U.S.E&P and oil service companies. While the data is informative, the “Comments” section is often more insightful. Amidst COVID-19 projections and calls for government intervention to “protect America’s energy independence”, two observations stood out as being particularly on-point in the just-released first quarter survey. We have no clue what to say about oil and gas prices.

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