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Published by paul.a.thomas1110, 2017-08-15 16:25:51

2017-08 CPE Flip Book_Neat

Asset Management At It’s Finest

August 2017 Current





Opportunities










































Private Equity


Portfolios Designed To

Lower Your Risk and


Increase Your Return
1


Custom Private Equity Risk -vs- Reward










CPE

Programs
































➢ TEXAS COMMERCIAL REAL ESTATE



➢ NORTH AMERICAN OIL & GAS PRODUCTION


➢ OIL & GAS EQUIPMENT TRADING


➢ SOLAR & THERMAL ENERGY



➢ TEXAS WATER RIGHTS


➢ TEXAS RAW LAND DEVELOPMENT


➢ 11 COMPELLING REASONS TO USE A SMALL FUND MANAGER





2


OUR MISSION & GOAL






ASSET MANAGEMENT USING


HARD WORK & COMMON SENSE





Custom Private Equity Strives To Use Our


Decades Of First Hand Market Research,


Business Ownership Experience & Market


Knowledge to Uncover, Create & Manage



Opportunities For Our Partners.







We have developed a 40-year reputation of


doing what we say we will do and working hard


so every partner makes the returns that are


expected.














3


4


Texas Commercial Real Estate Portfolios


































Texas Self Storage Development Program



Houston ■ Dallas ■ I-35 Corridor


A follow-on program where we are duplicating a previous successful deployment of capital.
From 2007 to 2013, we were members of a team deploying capital buying and
building self-storage facilities in Texas markets.
By 2013, the team had bought/built $144 million in properties containing 36 facilities.
Sale of that portfolio was executed for $320+ million in 2013.


Today, we are doing this same transactions again. We have identified 20+ sites to build.

Team has 15+ years’ experience executing this strategy.


Target IRR's in the 28-30% range.




Read A Blog Post About This Opportunity!








5


6


Texas Commercial Real Estate Portfolios



































v i e w o f D a l l a s f r o m T r i n i t y G r o v e






TRINITY GROVE


REDEVELOPMENT LANDBANK



One Mile West of Downtown Dallas, Texas Adjacent To The New Trinity River Recreation Area

Located one mile west of downtown Dallas is the re-development zone known as Trinity Grove. After working in
this area in the 1990's and watching the installation of infrastructure, a TURS, Restaurants, a new Trinity River
Bridge and now upscale retail with high-rise living quarters...the time has finally arrived to invest in the hottest
development since the build-out of Uptown from 1986 to 1996. Land values are going to escalate in the next 10
years and the smart investor will begin his participation now.


Team has 30+ years experience in this market sector.

Target IRR's in the 25-30% range.


Read A Blog Post About This Market!


See Trinity Grove VIDEO


7


Texas Commercial Real Estate Portfolios










































Texas Real Estate Development Programs




Houston ■ I-35 Corridor

Over the past 20 years, the team at Gromax Development has produced tremendous profits for our
partners, buying and developing raw land in Texas. With almost every residential development comes
some commercial land that is purchased by the acre and sold by the foot. Build to suit is common in our
operating environment and has been executed many times.

We pre-sell developed lots to national builders (KB Homes, Hovanian, DR Horton…) for a nice profit and
execute the development of streets, utilities and infrastructure. We have done this for over 4000
residential lots over the past 20 years.


Today, we are doing this same transaction again. We have identified several tracts to develop.

Team has 20+ years’ experience executing this strategy.

Target IRR's to the investor are in the 28-30% range.



8


Texas Commercial Real Estate Portfolios







































Houston Medical Center Complex


Development



We constantly update our research on the Houston Medical Center Complex
located just 2 miles South of downtown Houston.

As we update our research, we frequently find parcels that should be purchased for
future growth and price escalation.

In 2008, land prices were $25/foot; in 2017, they are over $70/foot and growing.

Now, 2017-2018 is a great time to be investing in Houston, especially the medical
center complex


Target IRR's in the 25-30% range.

Team has 30+ years’ experience in this marketplace.





9


North American Oil & Gas Production Portfolios



In the Oil & Gas Asset Sector, our portfolio company, Ledger Petroleum, LLC, purchases cash-flowing
production properties, manages these assets, distributing available cash to the partners.










































Ledger Cambrian Oil & Gas Production

Income Partnership




A follow-on fund. Limited Partnership raising $50 million to purchase oil and gas cashflows
(Royalties and Working Interests) in producing oil and gas leases in North America.

Target mid-20% returns with fund ending in 2023.


10+ year track record of success.

Team has 40+ years’ experience executing this strategy with success.







10


North American Oil & Gas Production Portfolios
































Paul Thomas drilled his first well in the Northern San Juan Basin in 1982. In 2017, his team wanted to
purchase the Conoco San Juan basin production package for $4.6B (noted above), about a 6-year payout at
current production decline levels. Not a bad return on your capital. Our decades of knowledge of the
basin, geology and production made us know that the Mancos Shale remains an untapped resource in the
basin than needs to be exploited using horizontal technology. Less than a year later, BP proved that very
point with a 12 MMCF/d 2-mile horizontal discovery in the Mancos.

Now the play is off and running and it will cost twice as much to play as before.


Vertical to Horizontal is a tremendous opportunity for investors.



Oil & Gas Acquisitions in Income Partnerships


As Super-Major and Large Independent Oil & Gas Companies divest and re-align their portfolios, change their
minds between oil and gas and go bankrupt; buying producing oil and gas leases in North America becomes
easier. These properties come on the market or often can be purchased for incredible values.
My team could have placed $10 billion over the past 12 years in this strategy.

Target mid-20% returns with deal terms generally 5-7 years.
10+ year track record of success.

Team has 40+ years’ experience executing this strategy with success.
Learn More About Buying Old Fields and Drilling Horizontally







11


Oil & Gas Equipment Trading















































Oil & Gas Equipment Trading



As energy prices decline and remain low, drilling for oil and gas in North America
lessens, bankruptcies occur more frequently and equipment becomes easier to buy
for a bargain. Investors with cash available that attend auctions and are active in the
marketplace can often purchase good equipment for below scrap value.


The equipment team at Ledger Petroleum attends auctions all over North America
and frequently can purchase excellent equipment for ten cents on the dollar.


Target mid-20% returns with deal terms generally 5-7 years.


Team has 40+ years’ experience in this marketplace.


Read A Blog Post About This Marketplace!



12


North American Solar Energy Production Portfolios


































Owning a nice solar energy facility is



a lot like owning a good oil & gas well.




Consistent, reliable income.

We have a team preparing opportunities to install and own commercial


Community Solar farms in the sunbelt states.


Lets have a discussion about your interest in Solar Energy.


Read A Blog Post About The Solar Marketplace in North America!


Read A Blog Post About The Declining Cost Of Batteries!



Contact Us To Learn More!



13


North American Utility & Infrastructure Portfolio






























Owning a nice water system,



cable system or natural gas delivery system



is a tremendous long term investment




Consistent, reliable income, providing cable, water, gas and sewer services to homeowners.


As we develop raw land, our team has the opportunity to install, manage and profit from local
utilities like cable, water, natural gas and sewer systems. We have a team preparing
opportunities to install and own commercial utility systems throughout the US.

Returns range from 8% to 12% annually depending on location.


Lets have a discussion about your interest in owning Utility systems.


Contact Us To Learn More!







14


Texas Water Rights Portfolio



































Owning the rights to underground water in Texas




is a tremendous long term investment.





Income from selling water to cities, rural water systems and utilities creates long-term income.


We have a team preparing opportunities to buy and market water throughout Texas.

Returns range from 8% to 12% annually depending on location.


Lets have a discussion about your interest in owning Texas Water Rights.


Read A Blog Post About This Market Demand!



Contact Us To Learn More!








15


Compelling Reasons To Use A Small Fund Manager



SMALLER AUM ASSET MANAGERS HISTORICALLY OUT-
PERFORM THEIR LARGER, OLDER COUNTERPARTS BY
SIGNIFICANT AMOUNTS






TALENT:


"THE MOST TALENTED MANAGERS SELF-SELECT TO START THEIR OWN FIRMS. MANY HIGHLY
TALENTED MANAGERS BUILD EXPERIENCE IN LARGER FIRMS BEFORE LAUNCHING THEIR OWN
FIRMS."*

We find this especially true in the hard asset, cash-flow world where diligent vigorous research and hands-on
management are critical. Where, to excel in an illiquid investment, the manager must constantly research to be
certain of his position and routinely able to negotiate daily for the good of the program, as opposed to just
clicking a buy or sell button to acquire or liquidate an investment.


A BETTER OPPORTUNITY SET:


“DUE TO THE SIZE OF THEIR AUM, LARGER FUNDS OFTEN HAVE LITTLE CHOICE BUT TO DILUTE
THEIR BEST IDEAS. EMERGING AND SMALLER FUNDS ARE BETTER ABLE TO TAKE ADVANTAGE
OF OPPORTUNITIES IN LESS EFFICIENT, SMALLER MARKETS AND SECTORS AND HAVE
GREATER FREEDOM TO INVEST IN LESS SCALABLE OPPORTUNITIES. EMERGING MANAGERS
ARE LESS CONSTRAINED BY LIQUIDITY AND CAN ACCESS A WIDER RANGE OF
OPPORTUNITIES…MOREOVER, ESTABLISHED MANAGERS MAY NOT BE ABLE TO DEPLOY A
LARGE PROPORTION OF THEIR ASSETS IN NICHE OPPORTUNITIES, WHEREAS A SMALL FUND IS
BETTER ABLE TO.”***

Smaller price tags make for greater opportunity for the smaller asset manager whose investment threshold is
$150,000 -vs- a large fund whose investment criteria starts at $10,000,000. In the public markets, "OFF THE
RUN AND LESS EFFICIENTLY PRICED STOCKS CAN HAVE A MEANINGFUL IMPACT ON
RETURNS."*


In the private markets, we continually make exceptional returns buying and aggregating real properties that
large companies and big fund managers don't have the time with which to bother. Once they are aggregated,
then they become a target for the large fund managers and companies.

It is not worth Devon's time to research an oil and gas lease that only makes $10,000 per month or for U-Haul
to acquire a $2 million self-storage property in Manvel, Texas, but put a $100 million deal in front of them and
their ears perk up. As smaller AUM managers, we take advantage of these inefficiencies routinely.







16


Compelling Reasons To Use A Small Fund Manager



HIGHLY MOTIVATED:


“THE PSYCHOLOGICAL REASON OF ‘MAKING IT’ AS A SUCCESSFUL ENTREPRENEURIAL
INVESTMENT MANAGER MAY BE A PARTICULAR CATALYST IN THE EARLY YEARS. AS ASSETS
GROW AND MANAGERS REACH CERTAIN LEVELS OF WEALTH, THEIR WORKING DAYS, AS WELL
AS THEIR EFFORT PER UNIT OF AUM IS REDUCED, SO THAT RETURNS ARE MORE LIKELY TO
GRAVITATE TO A LOWER LEVEL. EARLY STAGE MANAGERS GENERALLY HAVE MORE SWEAT
PER DOLLAR OF AUM, AND WORK A LOT HARDER TO ‘MAKE IT’ AS A SUCCESSFUL
MANAGER.”***


We find this particularly true in the alternative space as it takes considerable digging to uncover and keep
abreast of current happenings and developments in the areas in which we work.


The compensation of a small asset manager is also a motivating factor. "PERFORMANCE FEES ARE A
HIGHER PERCENTAGE OF OVERALL COMPENSATION AND DRIVE ASSET GROWTH AND
PROFITABILITY. ANALYSIS SUGGESTS THAT UP TO 80% OF THE ENTERPRISE VALUE OF
LARGER FIRMS IS DUE TO CAPITALIZED MANAGEMENT FEE EBITDA AS OPPOSED TO
PERFORMANCE FEES."*


Also, “THE FEE STRUCTURE OF THE FUND INDUSTRY AND THE RELATIVE MASSIVE AMOUNTS
OF REVENUE THAT A LARGE FUND CAN GENERATE RELATIVE TO ITS COSTS, GOES A LONG
WAY IN EXPLAINING WHY LARGER FUNDS OFTEN HAVE LOWER RETURNS. LARGE FUNDS TEND
TO BE FOCUSED ON SIMPLY PRESERVING CAPITAL TO MAINTAIN THEIR ASSETS AND FEES
ATTACHED TO THOSE ASSETS, A US$10 BILLION FUND WITH A 1% MANAGEMENT FEE AND A
20% PERFORMANCE FEE ON 10% RETURNS PER YEAR GENERATES US$300 MILLION ANNUALLY
AND, AFTER PAYING A STAFF OF 50 TO 70 PEOPLE, THE PRINCIPALS ARE JUST NOT
INTERESTED IN DOING ANYTHING WHICH MIGHT JEOPARDIZE THIS AMAZING, EXTREMELY
PROFITABLE, ANNUITY-LIKE RETURN. FURTHERMORE, THE MASS OF MONEY COMING INTO THE
INDUSTRY FROM LARGER INSTITUTIONAL INVESTORS, (WHOM INVEST PRIMARILY IN LARGE
ESTABLISHED FUNDS) IS ENORMOUS, SO JUST BY KEEPING ‘MODERATE RETURNS’,
PRINCIPALS OF LARGE, ESTABLISHED HEDGE FUNDS FEEL ASSURED THAT AUM WILL
CONTINUE TO GROW AND, AS SUCH, THESE MANAGERS ARE OFTEN RETICENT TO TRADE
AGGRESSIVELY. IN STARK CONTRAST, SMALLER FUNDS ARE CONSTANTLY SEARCHING FOR
HIGHER PERFORMANCE, IN ORDER TO ATTRACT LARGER AMOUNTS OF CAPITAL.”***

In real life, in the world of private equity, venture capital, growth capital and hard, cash-flowing assets, this is
especially true for small managers with less than $100 million under management. If an oil well goes down in
a small fund, it is more critical to the income of a small manager than it is to Exxon.















17


Compelling Reasons To Use A Small Fund Manager



OFF AND UNDER THE RADAR:


“EMERGING MANAGERS DO NOT READILY APPEAR ON INVESTORS’ RADAR SCREENS, AS THEY
MAY NOT APPEAR IN THE VARIOUS FUND DATABASES THAT TRACK FUNDS. THE MANAGERS OF
THESE FUNDS CAN OFTEN BE MORE FLEXIBLE IN THEIR INVESTMENT APPROACHES AND
CHOICE OF INSTRUMENTS AND MARKETS, AND ARE OFTEN CHARACTERIZED BY THEIR
WILLINGNESS AND ABILITY TO EMPLOY NEW AND INNOVATIVE INVESTMENT STRATEGIES
EXPLOITING NEW MARKET INEFFICIENCIES. THESE FACTORS CAN RESULT IN A COMPETITIVE
INVESTMENT EDGE OVER THEIR ESTABLISHED PEERS, AND BE REFLECTED IN THEIR RELATIVE
OUT-PERFORMANCE. ACADEMIC AND INDUSTRY EVIDENCE TENDS TO SUGGEST THAT
EMERGING HEDGE FUNDS OUTPERFORM MORE ESTABLISHED ONES.“ ***


"IT IS SOMEWHAT PARADOXICAL THAT INVESTORS CONTINUE TO FALL FOR THE ALLURE OF
SIZE AND THE FALSE COMFORT OF AGE."** After all, no one is going to get fired for buying IBM.


Regarding flying under the radar. We have found it most beneficial for our returns and our partners' income
that, in general, we are not well known as a routine source of capital. No one knows who our financial
partners are. Personal experience has shown us many times that when Paul from Abilene steps up to
purchase a property, the price is far more negotiable than when CB Richard Ellis or Trammel Crow make an
offer.


CLOSER ATTENTION TO DETAIL:



“EMERGING MANAGERS ARE NORMALLY HUNGRY FOR SUCCESS AND HAVE A GREAT
INCENTIVE TO DEMONSTRATE STRONG PERFORMANCE. THEY ARE ABLE TO SEEK OUT THE
SMALLEST OPPORTUNITIES AND INEFFICIENCIES IN THE MARKET, AND ARE LESS LIKELY TO
DEMONSTRATE COMPLACENCY FROM PREVIOUSLY ACCUMULATED FEES AND/OR WEALTH.
ESTABLISHED MANAGERS GENERALLY NEED TO PLACE LESS RELIANCE ON GENERATING A
PERFORMANCE FEE IN ORDER TO OPERATE THEIR BUSINESSES PROFITABLY, WHEREAS
PERFORMANCE FEES ARE VITAL FOR MOST EMERGING MANAGERS. EMERGING MANAGERS
TYPICALLY INVEST A SIGNIFICANT PROPORTION OF THEIR NET WORTH IN THE FUND AND/OR
THE INVESTMENT MANAGEMENT FIRMS, WHILE AT THE SAME TIME SUFFERING SIGNIFICANT
OPPORTUNITY COST OF OFTEN PREVIOUSLY LUCRATIVE EMPLOYMENT, THEREFORE,
PROVIDING A POWERFUL INCENTIVE TO PERFORM.”***


Also, smaller managers must keep a tight rein on cash-flows, pay closer attention to the details of daily
management and be assured of their position in the investment because they cannot sell the asset tomorrow
and recoup the investment.













18


Compelling Reasons To Use A Small Fund Manager



SMALLER MANAGERS SIGNIFICANTLY OUTPERFORM





































“RECENT RESEARCH UNDERTAKEN BY PERTRAC ANALYZED THE RETURNS FROM HEDGE
FUNDS OVER 10 YEARS BETWEEN JANUARY 1996 AND JULY 2006. THEY CONCLUDED THAT THE
YOUNGER FUNDS OUTPERFORMED THE LARGER FUNDS, AND DID SO WITH LOWER RISK.
MEANING, THOSE FUNDS WITH A TWO-YEAR TRACK RECORD OR LESS, RETURNED 17.5% WITH
VOLATILITY OF 5.97%, COMPARED TO RETURNS OF 11.84% WITH VOLATILITY OF 6.32% FOR
OLDER FUNDS, IE, THOSE FUNDS WITH A FOUR-YEAR TRACK RECORD OR MORE. IN ADDITION,
OVERALL SIZE AND AGE GROUPINGS, THE YOUNGEST FUNDS HAD:

(A) THE HIGHEST ABSOLUTE RETURNS;


(B) THE BEST RISK-ADJUSTED RETURNS; AND

(C) PERFORMED BETTER ON THE DOWNSIDE, LOSING LESS THAN ESTABLISHED FUNDS."***


"THE VAST MAJORITY OF OUTPERFORMANCE IS DUE TO ALPHA, NOT BETA, WHICH CONFIRMS
THAT HIGHER RISK TAKING DOES NOT EXPLAIN THE DIFFERENTIAL."*













19


Compelling Reasons To Use A Small Fund Manager



























* S O U R C E : S M A L L E R H E D G E F U N D M A N A G E R S O U T P E R F O R M A L L A B O U T A L P H A , F E B 1 8 , 2 0 1 3

In the world of private equity, venture capital and hard, cash-flowing assets, this is very true because for a
smaller manager to earn what they believe themselves to be worth, they must post higher returns, making
their clients and themselves more money.


TAKE ADVANTAGE OF OTHERS’ MISTAKES:

Small managers often have a different or contrarian view of the marketplace gleaned from watching the big
boys make mistakes and pass on or walk away from smaller opportunities.

When Columbus discovered America, no one thought that the new world existed and certainly did not
understand its value.


One of the wealthiest people I knew growing up was the heir to a railroad fortune. When the railroads were
built in the West, few traditional investors believed they would ever make a profit. At the time, traditional
investors thought the end of the modern world stopped at the Mississippi River and that there were no
profitable business opportunities in the West.


When Trammel Crow designed and built the Dallas Market Center, most traditional investors believed him to
be crazy. They thought he would never fill the facility to capacity. The permanent space leased out in the first
18 months of operation and the largest marketplace in the South was born.


When Bill Gates wrote the original Disk Operating System, many traditional investors (including the Chairman
of IBM) believe that there was no future in personal computers. In fact, the Chairman’s' exact words were "I
believe the world wide demand for the personal computer to be ONE!"

Many of the smartest geologists I have known in my life cut their teeth working for major companies, but
became independently wealthy when the company they worked for decided that a discovery they had made
was not worth their time or an area of production was "too small" for the company to pursue.




20


Compelling Reasons To Use A Small Fund Manager



BETTER CUSTOMER SERVICE:


“WHO HAS EVER EXPERIENCED BETTER SERVICE FROM A LARGE ORGANIZATION COMPARED
WITH A SMALL ONE?”**

Because investor assets are more important to a small manager, it is guaranteed that you will get better
service, better reporting, and more consistent attention from a small fund manager than a large asset
manager. The good small fund managers a meticulous about their monthly reports and financials and
generally very communicative with their investor partners.


MORE FLEXIBLE:


Regarding small AUM managers: "THEY ARE BETTER AT EXPLOITING NICHE OPPORTUNITIES,
ESPECIALLY IN NEW UNDER-DEVELOPED AND UNDER-RESEARCHED MARKETS, AND QUICK TO
IMPLEMENT INVESTMENT IDEAS. THEY ALSO TEND TO HAVE A GREATER ABILITY AT USING
NEW AND INNOVATIVE INVESTMENTS.”***


It has been our experience that small fund managers have more market experience and widely more efficient
due diligence and therefore can be more flexible in the approach to the widely variable aspects of hard-asset
investing.


NO CUMBERSOME DECISION MAKING PROCESS


“EMERGING MANAGERS TYPICALLY DISPLAY STRONG MOTIVATION, AND THE KNOWLEDGE
THAT THEY STAND TO BENEFIT FROM BEING AN OWNER OF THE BUSINESS."***


Small firms don't have as much internal politics to overcome. By not having to convince a large investment
committee with each member having their own set and different agenda, smaller managers can execute
investment programs more quickly and with greater efficiency. This fact alone allows them to take advantage
of opportunities uncovered by their research. We have found this to be exceptionally profitable in the world of
private deals where, once a deal is presented to us, our due diligence and decision-making process is
extremely short, allowing us to capture as much as a 10% discount on our purchase price, just by closing
quickly with CASH!


ILLIQUIDITY MEANS OPPORTUNITY:



“NEWER HEDGE FUNDS ARE ALMOST ALWAYS SET UP TO EXPLOIT PERCEIVED PRICING
INEFFICIENCIES IN ‘NEWLY POPULARIZED’, SMALLER MARKETS. HOWEVER, AS TIME PASSES
AND COMPETITION MAKES THESE SMALLER MARKETS MORE EFFICIENT, RETURNS ARE
ERODED. SOME EXTREMELY GOOD EARLY-STAGE TRACK RECORDS ATTEST TO THE FACT
THAT IT CAN STILL TAKE A CONSIDERABLE AMOUNT OF TIME (AGAIN, USUALLY MEASURED IN
YEARS RATHER THAN MONTHS) BEFORE SUCH INEFFICIENCIES DISAPPEAR. THIS GIVES THE
BEST EARLY-STAGE MANAGERS (IN A VARIETY OF DIFFERENT STRATEGIES) SOMETIMES

21


SEVERAL YEARS TO GENERATE ABOVE-AVERAGE RETURNS BEFORE RETURNS IN THE
SECTOR ARE DRIVEN DOWN BY GREATER PLAYERS AND COMPETITION.”***


We have found this particularly true in the hard asset, venture capital and growth capital marketplace where
small operators and owners often desperately need capital to grow, retire, or fund a management
buyout. This allows us to create significant high yielding programs from illiquidity opportunities, often for years
before the rest of the world catches on to the profitability.


An example of this was a purchase we made in our last oil and gas fund. An operator needed cash and was
willing to take a 10% discount on the asking price if we could close quickly. We did our due diligence and
closed the transaction on some great assets within 2 weeks. These assets returned the purchase price within
36 months and continue to cash-flow into the portfolio 8 years later.


THE KANSAS EFFECT:


What is commonly known as the Kansas Effect is alive and well today. The Kansas Effect can be described
as finding opportunity in areas that others have forgotten or are too lazy to execute, OR, in areas where the
fund is so large that it cannot afford to execute. We make our living by uncovering opportunities that others,
especially large Fund managers, have not seen or cannot spare the time to research.


An example of this opportunity set resides in the overlooked Texas, Oklahoma panhandle today. Horizontal
drilling has opened new opportunities in the overlooked area of the US.


Another example, the initial investment in a small furniture company in Nebraska is one of the investments
that started Warren Buffet on the road to success and a strategy that is still his claim to fame today. He
researches opportunities that others have discounted and provides capital to exploit what he finds.

One of most important questions you can ask a small fund manager is "where have you been lately and what
did you learn". The answers will amaze you.


Opportunities Are Coming Our Way


My newest whitepaper is a highlight of what an equity investors portfolio would look like if s/he had been
partnering with us since the mid-1980's with a view of some of the ongoing programs we have available today.
Click Here To View a copy of Low Risk Opportunities Won & Coming 2016 and Beyond.


If you would like to discuss your investment programs or ideas, give me a call. We are open to new programs
and ideas continuously.

Thanks for reading,









Principal, Custom Private Equity



22


Private Equity Publications



Click on the picture below to download whitepapers on the topic.



























































Read Our Blog About



What Every Private Investor Wants!











23


Team Leadership


If it is development or acquisition of a hard asset with cashflow and/or appreciation in

value, we have a team that is experienced and working in the sector.

Paul Anthony Thomas, CPGS


Mr. Thomas is a Certified Professional Geologist with over 15 years as a well site
superintendent & exploration professional and an additional 15 years in upper
management of petroleum production and exploration operations. After 15 years as an
exploration geologist and alternative investment manager, Mr. Thomas spent seven
years working for the Environmental Protection Agency as a national expert and trainer
in various programs, many related to the energy business. Mr. Thomas returned to the
investment world (including oil and gas investment management) in 1997.
Career Highlights:
35+ years finance, real estate, oil & gas, publishing
Drilled and completed over 500 wells as well-site superintendent, geologist/partner
Leased for exploration over 2,000,000 acres of land in North America
Owned over 250 commercial/residential properties, developed & managed real estate for 30 yrs.
Worked for 20+ years as a financial analyst and investment newsletter publisher for New
Horizons for Investors researching equities, commodities, fixed income & private equity.
Distinctions:
Certified Professional Geologist #7243, Active Member, American Association of Petroleum Geologists
(AAPG)
Registered Landman, Active Member, American Association of Petroleum Landmen (AAPL)
BS – Psychology/Marketing, Texas A&M University 1979
BS – Geology, Hardin Simmons University 1981
Author: Winning with Private Equity (2005),
Editor: Human Psychology in the Stock Market (1969)
W. Allan Meador, MBA


Mr. Meador has over 35 years of finance, accounting, and management experience in many
business environments. He oversees the evaluation for all acquisitions and the accounting for
the Managing Partner and the partnerships it manages. These partnerships also own
commercial real estate in the West Texas marketplace.
In the 1980s, Mr. Meador served as the Vice-President of Finance and lead accountant for
James P. Dunigan, Inc. [also known as Dunigan Petroleum, Inc.], a West Texas based oil and
gas producer, real estate developer and entrepreneur. In the 1990s, Allan was solely
responsible for taking Allegro Operating from a start-up oil and gas production company to
over 1000 barrels per day of operated oil production in 24 months. Allegro filed for Chapter
7 Bankruptcy in 1998 after the price of crude declined to $6 and remained low for an
extended period of time. Mr. Meador’s list of completed projects and acquisitions is
extensive.
Career Highlights
35+ years of direct oil & gas industry experience
Oversaw the operation of hundreds of oil and gas well bores
30 years of finance, accounting, and management experience in the Oil & Gas business.
Distinctions:
Current - Board of Development, Hardin-Simmons University
Former Board Member of West Central Texas Oil & Gas Association (1998)
Former Trustee - Hardin-Simmons University.
Former President, Abilene Philharmonic Assn.
MBA – Finance, Hardin-Simmons University 1981
BA - Composition, Hardin-Simmons University 1979

24


Team Leadership



Paul W. Grohman, MS, Developer
Texas Licensed Real Estate Broker

Mr. Grohman has over 30 years of real estate management, development, marketing and
consulting experience and also has experience in managing complex organizations. In
addition, Mr. Grohman has served as a consultant to numerous city governments with
respect to real estate and city planning. Currently, Mr. Grohman is the owner Gromax
Development, which he started in 1999. Mr. Grohman provides planning, consulting,
and project management of multiple projects throughout Texas ranging from
commercial to large scale residential to industrial.

Career Highlights
Developed over 3,000 single family lots in 18 communities in 6 different counties.
Currently involved in the process of developing 2,000 lots.
Conducts feasibility, entitlements, construction supervision of projects such as hospitals, hotels,
malls, athletic facilities, master planned residential and mixed use communities, RV parks, self-
storage facilities, Churches, and specific industrial locations.
Consultant over the past 15 years for Private Mini Storage and has been involved in the
development of Private Mini Storage facilities throughout Texas.
Assembled Meridiana, a 3,000 acre master planned community located off Hwy 288 in Manvel,
Texas.
Distinctions
Prior City Manager, City of Pearland managing a $40 million dollar budget and 350 employees
Former City Manager of New Braunfels, Rockport and Midland, Texas.
BS in Political Science and Secondary Education at Hardin-Simmons College (1978)
MS in Human Relations from Abilene Christian University (1981)



Daniel Sheridan, MBA, Director



Being a conservative generalist and diligent researcher, Mr. Sheridan has several years of
successful strategic management, asset valuation, field development, multi-disciplinary
leadership and engineering experience in various industries.
Prior to Custom Private Equity, Mr. Sheridan held a broad range of managerial, operational
and financial responsibilities including: deal origination, investment analysis, and
negotiation of acquisitions with oil/gas and energy producers as well as real estate owners.
Mr. Sheridan holds an M.B.A. from Hamline University and a B.S. in Construction
Engineering with a minor in Business Administration from North Dakota State University.

Career Highlights:
7+ years of experience in the oil & gas industry
10+ years of experience in the real estate industry
Executed organization engineering to increase EBITA by 3000% in 12 months

Distinctions:
Certified in Negotiation and Conflict/Dispute Resolution from Mitchell Hamline School of
Law
BS - Construction Engineering and minor in Business Administration at North Dakota State
University
MBA – Hamline University





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2017 Fenwick U Senior Participant Directory