Fulcrum’s primary approach to building asset value is through active ownership and unique industry relationships. Under normal market conditions, we seek to take sizeable positions in smaller oil and gas companies, enabling us to heavily influence business strategy and operational efficiency. Fulcrum also focuses on opportunistic investing. We will structure positions in asset level interests, structured equity, and private debt instruments, with the flexibility to either hold the investment over a medium term horizon or maximize value through an attractive exit opportunity.
Fulcrum believes in disciplined investing and concentrating on deep value opportunities.
Pursuing the best investments available, within a segment of the market that is under-capitalized |
Investing across the capital structure where risk is mispriced |
Approaching investments with a longer-term perspective to maximize value |
Opportunistically investing capital when others have acted prematurely |
Mitigating risk through fundamental analysis and sound judgment, not generic models |
Identifying well-run businesses and assets with strong market positions constrained by over-leveraged capital structures |
Engaging with management to create value |
Fulcrum believes in disciplined investing and concentrating on deep value opportunities.
Pursuing the best investments available, within a segment of the market that is under-capitalized |
Mitigating risk through fundamental analysis and sound judgment, not generic models |
Investing across the capital structure where risk is mispriced |
Identifying well-run businesses and assets with strong market positions constrained by over-leveraged capital structures |
Approaching investments with a longer-term perspective to maximize value |
Engaging with management to create value |
Opportunistically investing capital when others have acted prematurely |
Transaction Type
Hedges
After Investment
Finding Non-Marketed
Relationship Deals
Returning Cash Flow
to Investors
Sell After
~5 Years
Transaction Type
Hedges
After Investment
Finding Non-Marketed
Relationship Deals
Returning Cash Flow
to Investors
Sell After
~5 Years
Transaction Size
with exceptions
for initial platform
Opportunity Set
Underserved space in lower middle market oil and gas finance |
Capital intensive industry given asset heavy nature of the business |
Large wave of M&A, debt maturities, and capital requirements on the horizon |
Strategic situations where flexible capital solutions are differentiated and existing capital providers are too large and over-specialized |
Denver is an underserved market for energy private equity capital relative to the number of oil and gas companies in the Rocky Mountain region |
Other Key Criteria