Fossil and Fortune is a premier oil and gas investment firm. Our technical team focuses on identifying high-potential energy assets through comprehensive geological evaluation and financial analysis, employing a disciplined framework that maximizes returns while managing risk.
With extensive field experience and deep industry relationships, Fossil and Fortune offers investors the advantages of a major energy investment firm combined with the flexibility to capitalize on specialized opportunities. We provide both institutional and private investors access to carefully vetted upstream, midstream, and downstream investments in today's dynamic energy markets.
This means supporting our partners, investors, and the communities and environments in which we operate, for the benefit of all our stakeholders. It means helping individuals and businesses unlock energy investment opportunities and plan for the future with confidence—building relationships that stand the test of time. And it means that we remain committed for the long-term, regardless of market conditions, making decisions that are right for today and for future generations.
To achieve this, our long-term strategic approach places exceptional service and sustainable value creation at the heart of everything we do. Each of our diverse, specialist teams brings deep industry knowledge to understand the complexities, risks, and opportunities within the oil and gas sector. We support the unique needs of our investors and partners to ensure they grow—not just survive—no matter the fluctuations in the energy market.
We believe in putting our investors and partners first. Our core values bring out the best in our people and reflect the strong reputation we've built across the oil and gas industry. A combination of technical expertise, responsible operations, and trusted relationships—underpinned by teamwork, integrity, and disciplined risk management—guides our approach and equips us to thrive long into the future.
And we recognise that to drive sustainable returns and energy growth, we also have a responsibility to help address the social, environmental, and economic challenges facing the energy industry and the communities we impact, now and in the years ahead.
We approach responsible energy development from three perspectives: as operators, as investors, and as corporate stewards
While our roles may differ across these three areas, our approach is guided by a consistent set of principles that balance energy production with environmental responsibility, operational excellence, and sustainable returns.
As energy asset operators, we make strategic decisions about exploration, production, and infrastructure development. This means evaluating geological potential, implementing cutting-edge extraction technologies, and maintaining the highest safety and environmental standards across all our operations.
We have the responsibility to ensure our operations deliver both financial returns and sustainable energy solutions, while meeting the evolving expectations of investors, regulators, and local communities.
For example, when evaluating new projects, we assess both the hydrocarbon potential and the long-term sustainability of the resource. Our responsibility as operators is to maximize resource recovery while minimizing environmental impact, ensuring safe operations, and creating lasting value for stakeholders. We currently manage energy assets across multiple basins with proven reserves exceeding 500 million barrels of oil equivalent.
As energy investors, we must balance financial performance with responsible stewardship. Different investment mandates may have varying sustainability criteria, but our core values of operational integrity and environmental responsibility guide all our decisions. While some funds may focus on conventional assets and others on cleaner energy technologies, all our investments must meet strict technical, financial, and ESG standards.
Our sustainability commitments, principles and ambitions apply across the investments we make as an asset manager and asset owner, and to our own business operations
We will consider sustainability and ESG factors when determining our corporate strategy and new business initiatives.
We will embed sustainability considerations throughout our business.
We aspire to be a thought leader, to innovate, and to advance understanding of sustainability issues.
We believe in active asset ownership and management which encourages companies to transition towards a sustainable future.
We consider the interests of all our stakeholders and ensure our views on sustainability are consistent with our longterm approach.
We will manage our businesses to the same principles of acting responsibly that we hold our investee companies to account on.
We review our sustainability thinking regularly in order to align with scientific and technological improvements, and changes in the global economy, ethics and consumer preferences.
We aim to use our influence as a global investor and asset owner to drive positive change in sustainability policy and corporate standards.
We integrate environmental, social and governance information into our analysis and decision-making across our investment teams and business lines.
We are active stewards of the entities in which we invest; this goes hand-in-hand with our active investment approach.
ESG is ingrained in our business activities through our corporate responsibility program. This includes our Barings Social Impact philanthropic program, as well as our focus on diversity, equity and inclusion across our business.
Our dedicated resources help develop and deliver our sustainability and ESG strategy, policy, partnerships, research, training and reporting.
We are a signatory to the Principles for Responsible Investment, a member of the United Nations Global Compact and Climate Action 100+, and public supporters of the Task Force on Climate-related Financial Disclosures. We work to advance the missions of these industry partnerships.
Our Sustainability Committee consists of senior business leaders and is tasked with supporting sustainability strategy execution. Our Sustainability Working Groups focus on long-term strategic projects and regularly meet and report to the Sustainability Committee.
Fossil and Fortune is a dedicated and experienced team working closely with project developers, operators, and industry leaders to achieve shared goals. Our firm consists of over 70 energy investment professionals, including 24 partners with deep expertise across the oil and gas value chain. With an average tenure of over a decade, our team is well-positioned to provide strategic guidance and long-term support to the energy ventures we invest in.
Our objective is to work with portfolio company leadership and create a backdrop in which companies can thrive. We encourage management teams to invest alongside us, and our forward-thinking approach and philosophy to leave companies better than when we found them also means that portfolio company employees often choose to invest alongside Fossil and Fortune as well.
We believe that people thrive when they are working toward a common and focused goal. We are proud of our transparency and alignment of interest with our portfolio companies and investors. We believe our focus and significant skin in the game allows us to build true, successful partnerships.
Fossil and Fortune focuses on making strategic investments in oil and gas ventures that meet the following key criteria:
Led by experienced management teams with a proven track record in energy development and operations. Active in resource-rich, high-potential regions with stable regulatory environments. Demonstrate technical and operational efficiency, cost-effective production capabilities, and the resilience to navigate volatile market conditions. Possess strong asset portfolios, consistent cash flow generation, and the potential for long-term value creation through development, expansion, or enhanced recovery strategies.
Fossil and Fortune has a strong background in executing the following transaction types:
Joint ventures with upstream and midstream operators. Project-level investments in exploration, drilling, and infrastructure development. Acquisitions of underperforming or undervalued assets with potential for optimization. Recapitalizations to support growth or restructuring strategies. Strategic equity investments in growth-focused energy companies, particularly those involved in conventional and emerging energy segments such as LNG and gas monetization.
At the heart of our business are our partners: the entrepreneurs and management teams we back; the investors in our funds; the advisers and intermediaries we work with; and the banks and other lending institutions to our deals.
We are here to win. We are constantly improving, and are committed to out-thinking and out-executing our competitors. We take on what others dismiss as impossible, and solve the hard problems that others walk away from. This is why we hire the best.
We do things the right way, without compromise, the first time – every time. We are direct, decisive and, above all, accountable. We practice sound judgment and common sense in our actions that conforms to the letter and spirit of the law at all times. We win on the merits, with integrity.
We are driven by a thirst for knowledge. We are constantly learning – from each other and from inspired thinkers around the world. We passionately pursue new ideas, new innovations and new strategies that will strengthen our competitive advantage
We have always believed that we can make a difference in the world through our investments.
As a signatory to the United Nations Principles for Responsible Investment (UN PRI), we are committed to the aspirational principles for incorporating ESG considerations into our investment approach.
We believe markets to be largely efficient and strive to provide systematic exposure to certain risk-based and behaviorally driven factors that can be combined intelligently to deliver results for investors.
Our ongoing investment in the research and design of our investment strategies, including ESG-related approaches, seeks to ensure style and returns consistency, while continually evaluating new data, statistics, investment ideas, and quantitative methods.
We have a long history of accommodating client-specific requests and exclusions of certain securities from an investment universe, such as those deemed socially or environmentally undesirable, or operating in regions where human rights abuses are prevalent.
In addition, we are responsible for voting proxies on behalf of clients that have granted the authority to us. We have engaged Institutional Shareholder Services, Inc. (ISS), a third-party proxy voting agent, to provide proxy voting research and execution services on behalf of our clients, while we reserve directive control over ultimate proxy voting. Typically, we follow the ISS Socially Responsible Investing (SRI) Proxy Voting Guidelines.
We seek to manage risk in order to capitalize on opportunities and improve our performance. Disciplined risk estimation and management are deeply integrated components of the investment process across each one of our strategies.
We believe a well-constructed portfolio upfront will outperform in good markets and protect our client's capital in difficult markets. For this reason, Fossil and Fortune has spent over a quarter of a century establishing risk management as a core discipline. This approach begins with a dedicated governance group that oversees risk management. An emphasis on liquid markets, proprietary risk models and a diversified funding structure seeks to further strengthen our approach.
Operating independently of the investment businesses, and reporting to the CEO, the Portfolio Construction and Risk Group (PCG) guides the allocation of risk capital. It is supported by a dedicated R&D team to create custom tools and technologies.
Fossil and Fortune Risk Management Center provides a comprehensive view of the various investment portfolios and how they fit within pre-established guidelines. Built in 2014, its front-end consists of a 27' by 8' interactive touchscreen designed to visualize data in ways that allow for rapid comprehension. Its back-end systems, which connect to every Fossil and Fortune office worldwide, continuously run a wide range of operational readiness, risk, and stress test monitors.
In pre-trade discussions, the Portfolio Construction and Risk group works to identify the impact of potential trades on a portfolio's risk and stress exposures. In the ex-post analysis, the group evaluates the skill, infrastructure, investment universe, risk and working capital utilization of each business, and uses this information as a part of the risk capital allocation process.
A solid framework is important, but successful risk management can only be accomplished when it becomes a central part of the portfolio manager's analysis of potential trades and portfolio construction. Continuous communication and collaboration with the investment teams, combined with an in-depth understanding of the portfolios, play a critical role in maintaining and strengthening our risk culture.