Condire Management grew its AUM by 42% from $872M to $1.2B in a year

Condire Management, LP is a Texas-based investment advisory firm, separate from CPMG, Inc. since 2021.

The firm is led by Ryan E. Schedler and Bradley J. Shisler and oversees several funds including Condire Resource Partners, LP, and Silver Teal, LP.

From April 2022 to May 2023, notable changes occurred in Condire Management, LP's ADV filings.

Key Changes 

Condire Management, LP's Total Assets Under Management (AUM) grew by 42.78%, soaring from $872.1M to $1.24B. The company also expanded its team from 7 to 10 employees.

Despite these shifts, the total number of accounts managed remained at 5.

In May 2023, a significant leadership change occurred when Guido Anthony Federici was appointed as the Chief Financial Officer and Chief Compliance Officer.

Modified Private Fund

Condire Resource Offshore Partners, LP

• Non-US Ownership increased from 38% to 40%
• Gross asset value changed from approx. 17.8M to 24.9M
• The fund's administrator was switched from Atlas Fund Services to Zedra Fund Services (USA) LLC in 2023

Silver Teal, LP

• Related persons ownership increased from 3% to 10%
• The number of beneficial owners increased from 46 to 48
• Gross asset value decreased from $32.4M to $26.5M

Condire Alpha Partners, LP

• Related persons ownership increased from 1% to 4%
• The percentage of beneficial ownership by funds of funds and non-US persons decreased from 99% to 96%
• Gross asset value decreased from $79.3M to $73.5M
• The fund's administrator was switched from Atlas Fund Services to Zedra Fund Services (USA) LLC in 2023

Condire Resource Master Partnership, LP

• Related persons ownership increased from 4% to 7%
• Gross asset value increased significantly from $753.6M to $1.1B
• The fund's administrator was switched from Atlas Fund Services to Zedra Fund Services (USA) LLC in 2023

Condire Resource Partners, LP

• The number of beneficial owners increased significantly from 3 to 88
• Gross asset value increased from $435.3M to 564.2M
• Client investment increased from 0% to 20%
• The fund's administrator was switched from Atlas Fund Services to Zedra Fund Services (USA) LLC in 2023
  
  
  

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