First Movers. Proven Results. Lasting Alignment.
Founded in 1997 with capital from Credit Suisse Group and Soros Fund Management, Pharos Financial Group is an alternative investment firm with a 25-year track record across private equity, hedge funds, and structured capital. Since 2014, its primary focus has been U.S. upstream oil & gas through its affiliate Titanium Exploration Partners (TEP).
Over their careers, the principals of Pharos have deployed more than $10 billion into the markets in which they operate.
Pharos has consistently been a first mover—developing early institutional strategies in energy, structured products, and emerging markets. The firm has pioneered non-operated working interest investing in U.S. oil and gas, built innovative structures to access restricted emerging-market opportunities, and became the first hedge fund to register in the Dubai International Financial Centre (DIFC). Pharos has been recognized as Hedge Fund Manager of the Year by Hedge Funds World, with two of its funds being ranked among Bloomberg's top 15 global performers.
Throughout its long history of investing, Pharos has maintained disciplined alignment with institutional clients—never suspending NAVs, gating redemptions, or resetting high-water marks.
Pharos's U.S. energy affiliate, launched in 2014.
Peter Halloran, Founder & CEO, launched Pharos in 1997 with initial capital from Credit Suisse and Soros Fund Management.
Mr. Halloran's experience spans structuring financial investments, hedge fund and private equity investing, and investment banking. He founded Pharos Energy Ltd. in 2011 to trade physical oil and crude products. Earlier, as Executive Chairman and shareholder of Aton Capital Group, which was later sold to UniCredit for $424 million, he helped transform the firm into a leading Moscow investment bank where he arranged the region's first domestic IPO.
Mr. Halloran has managed three investment funds at Pharos, earning the Hedge Fund Manager of the Year award from Hedge Funds World in 2010.
Prior to Pharos, Mr. Halloran built Credit Suisse's brokerage businesses in Russia and the CIS, managing a $400 million proprietary trading account, building a dominant market position in privatization vouchers, and bidding on $2 billion in privatizations. From 1985–1994, he held senior roles at CS First Boston, Salomon Brothers, and Morgan Grenfell in New York, with a focus on institutional equities, structured products, and emerging-markets debt. He is a graduate of Yale University (BA, 1984).
Established in 2014 as an affiliate of Pharos, TEP is a pioneer in U.S. upstream oil & gas private equity. Among the first to institutionalize the non-operated working interest model, TEP has acquired and managed interests in over 1,100 wells across 30,000 net acres in Texas, Oklahoma, and New Mexico. These assets have generated peak EBITDA of more than $100 million, reflecting TEP's scale, operational leverage, and disciplined capital approach.
A research-driven hedge strategy focused on Eurasian natural gas markets through upstream operators and infrastructure companies. Ranked by Bloomberg as a global top-10 hedge fund in 2006. Returned capital to investors in 2012.
Founded in 2007 to acquire and develop Russian oilfield licenses in Orenburg and Kalmykia, and to advise Western groups on asset acquisitions. Dissolved in 2012.
Physical oil and crude products trading firm, established in 2011 and sold in 2014.
Launched in 1997, this flagship emerging markets hedge fund focused on equity, debt, derivatives, and currencies in the Former Soviet Union. Consistently outperformed benchmarks, ranked a global top-15 performer by Bloomberg in 2008, and returned capital to investors in 2012.
Research-oriented strategy targeting high-growth smaller companies in the Former Soviet Union. The fund returned capital to investors in 2012.
Hedge fund strategy capitalizing on Eurasian natural gas opportunities. Ranked a Bloomberg global top-10 performer in 2006. The fund returned capital to investors in 2012.