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.