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 discrete 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

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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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Dan Pickering Discusses Oil Supply and Demand on CNBC

Will oil prices continue to rise? Not necessarily — keeping global supply and demand in mind.

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Merge Completes Series A Funding, Continuing Pickering Energy Partners’ Leadership in Energy Transition

Series A financing to accelerate market growth for PEP-backed fleet electrification solutions firm.

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Globe

November 2021 – Monthly Commentary from Dan Pickering

November 2021

November was generally a bust across the market, but energy was worse.

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October 2021 – Monthly Commentary from Dan Pickering

October 2021

Decent back-to-back months. October was another good period for energy.

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Inconvenient Truths

October 2021

An analysis of the real-world implications of the Energy Transition with a focus on the opportunities and challenges facing capital allocators and policy makers.

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September 2021 – Monthly Commentary from Dan Pickering

September 2021

A September to remember. Energy had a strong month while overall markets were lackluster/weak.

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Inflation & The Energy Transition

September 2021 Commentary

The COVID pandemic, and the response of governments and central banks around the world, have engendered an on-going debate about the outlook for inflation. Transitory or perhaps a bit stickier? Inflation skeptics rightly point to the remarkable deflationary impact of technology and innovation as well as a labor pool distorted by temporary incentives for the able bodied to remain at home.

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