Private EquityRIA · CRD 339275SEC-RegisteredPrivate Fund Adviser

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Energy & Minerals Group

Energy & Minerals Group is an SEC-registered investment adviser in Houston, TX, registered since 2026. The firm manages $12.0 billion in assets.

Energy & Minerals Group

Energy & Minerals Group is an SEC-registered investment adviser in Houston, TX, registered since 2026. The firm manages $12.0 billion in assets. It has 22 employees and 12 investment advisers.

General information

Firm type

Private Equity

Year founded

2006

AUM

~$12B (per firm website, 2025)

Location

Region

North America

Country

United States

City

Houston

Corporate office

2229 San Felipe Street Suite 1300, Houston, TX 77019, United States

Principals

Tracy Locke

Executive Assistant and Office Manager

Sector focus

EnergyMiningInfrastructureEnergy Transition & RenewablesIndustrial Tech

Frequently asked questions

Who makes investment decisions at EMG?

EMG does not publicly name its managing partners or investment committee members on its website. The firm states that its management team has extensive operating experience and co-invests significantly alongside limited partners, with approximately $735 million committed across funds.

How does EMG source proprietary deal flow?

EMG relies on its team's domain expertise and relationships in the natural resource industry. The firm emphasizes direct origination through a science-based approach analyzing subsurface fundamentals before making business decisions, rather than outsourcing to external consultants.

Is EMG structured as a family office or an institutional fund manager?

EMG is structured as a specialized private equity firm, not a family office. It manages capital for institutional limited partners through committed funds and co-investment vehicles. The firm discloses no single-family wealth origin.

Does EMG participate in fund commitments or only direct deals?

EMG invests through committed private equity funds as well as co-investments alongside its fund structures. The firm targets equity investments of $150 million to $1 billion per deal, operating across both fund and direct investment formats.

What investment stages does EMG typically target?

EMG focuses on growth capital for the development of operating businesses in the natural resource industry. It invests across extractive and processing value chains, primarily in companies with high-quality geology and the potential to generate significant free cash flow.

Which sectors does EMG explicitly avoid?

EMG explicitly avoids generalist or diversified investments outside natural resources. The firm focuses solely on upstream and midstream commodities — critical minerals for decarbonization and traditional energy and metals — and does not pursue sectors like technology, healthcare, or consumer.

Where does the underlying wealth come from?

EMG does not disclose the source of its underlying capital. The firm manages capital for institutional limited partners and its own management team co-invests, but no single family or individual principal wealth origin is publicly attributed.

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