Warwick Investment Group

Warwick Investment Group is an alternative asset private equity firm. The firm has approximately $2 billion in managed assets and has completed over 1,000 transactions since inception. Founded in 2010, Warwick invests in the energy, real estate, and technology & entertainment industries.[2][1] Warwick invests its own capital alongside its partners' capital.

Warwick Energy Group
TypePrivate
IndustryPrivate Equity, Energy, Real Estate, Sports, Esports
Founded2010 (2010)
Key people
Kate Richard
(Founder, CEO, CIO)
Brian Blad
(CFO)
Ian Rainbolt
(Co-Chief Investment Officer)
Andrew Chysostomou
(UK Senior Managing Director)
Chris Buie
(Director of Data Science)
ProductsPrivate Equity
Total assets~$2 billion (2019)[1]
Number of employees
~70 (2020)
Websitewarwickinvestmentgroup.com

Warwick has approximately 70 investment professionals across London, New York, Hong Kong, Texas and Oklahoma offices.

History

Warwick was founded in 2010 by Kate Richard, a former Goldman Sachs investment banker and energy investor for Serengeti Asset Management and MSD Capital, Michael Dell's private investment fund in New York.[3]

Activities
  • 2010: Warwick Energy Group, LLC was founded in New York.
  • 2013: Warwick invested the capital of Warwick Partners I LLC in the Permian Basin of Texas, the Mid-Continent Basins of Oklahoma and Arkansas, the Powder River Basin of Wyoming, and the DJ Basin of Colorado.[4]
  • 2014: Warwick invested the capital of Warwick Partners II LLC in oil and gas and midstream interests in the Eagle Ford Shale of South Texas. That same year, Warwick entered into a joint venture through which it acquired oil and gas mineral and royalty assets for direct investor ownership on behalf of family offices and US & international pension funds.[5][6]
  • May 2015: Warwick Energy Investment Group, LLC, an affiliate of Warwick, became a Registered Investment Adviser with the U.S. Securities and Exchange Commission.[7]
  • August 2015: Warwick announced its first closing and commenced capital deployment for Warwick Partners III, L.P., a discretionary private investment fund.[8]
  • March 2021: Warwick Investment Group announced its Final Close for its fourth energy fund, Warwick Partners IV, L.P.
  • June 2021: Warwick hired former CPC Group executive to lead its European real estate platform[9]
  • September 2021: Warwick Investment Group increases Eagle Ford Shale footprint with $450 million acquisition from Rosewood Resources[10]
  • October 2021: Warwick acquired nine gated freehold mews houses with underground parking in Belgravia, London[11]
  • December 2021: The residential platform acquired 13 North Audley in Mayfair, London, through an off-market transaction[12]

Strategy

Investing heavily in data science, software technologies, and machine learning, Warwick targets cash flowing assets across the real estate, digital assets, and energy industries.[2] The company has developed a team data scientists and software developers from Silicon Valley to process big data through machine learning, deep correlation analysis and predictive models.[13]

Energy

Warwick's team specializes in acquiring and consolidating subsurface and surface core real estate. Warwick Partners III and Warwick Partners IV seek to generate capital appreciation by investing primarily in oil and gas assets as well as in equity and equity-related securities of companies that own or operate oil and gas assets.

Active investments of note include ownership (I) of the largest private company in the core of the STACK and SCOOP oil and gas fields in Oklahoma, and (II) an interest in the Eagle Ford Shale oil field (including midstream infrastructure) in Karnes and Live Oak Counties, Texas. Previous divestitures include assets located in the Midland Basin in Texas, the Powder River Basin in Wyoming, the Fayetteville Shale in Arkansas, the Delaware Basin in Texas and the Bakken Shale in North Dakota. Active Warwick Energy Group funds are focused on investment in low-cost oil basins in Texas, New Mexico & Oklahoma.[2]

In September 2021, the firm acquired operated oil and gas assets from Rosewood Resources, an entity whole owned by the Caroline Rose Hunt Trust Estate, for $450 million. The acquired assets are adjacent to Warwick-Athena (a company managed by Warwick) operations and include ownership in approximately 14,000 acres, operated wells, and midstream infrastructure. [14]

Real Estate

Warwick's real estate platform is focused on executing consolidation strategies in the cores of globalized cities with the highest potentials for long-term capital appreciation across multiple real estate asset classes.

The residential platform is headed by Andrew Chysostomou who formerly led Christian Candy's CPC Group.[15] Warwick has acquired in prime central London including several buildings on the famed Ebury Street and the former vicarage for St. Mark's Church.

Awards and affiliations

In June 2019, Warwick's CEO, Kate Richard was selected as EY's Entrepreneur Of The Year 2019 Southwest Award for FinTech & Financial Services[16]

In January 2019, Warwick was featured by the Kayo Conference Series as one of the "Top 19 in 2019 - Buyout Funds Founded by Women."[17]

In October 2018, Warwick's CFO, Brian Blad was named one of Oil & Gas Investor's "Forty Under 40 in Energy"[18]

In February 2020, Warwick became a signatory of the UN-supported Principles for Responsible Investment.[19]

In October 2021, Warwick's CEO, Kate Richard, was named to the Private Equity 2021 Women to Watch List and was the only founder name in the group.

In January 2022, Warwick Investment Group CEO, Kate Richard, was featured as the cover story for NAPE magazine.[20]

On the rarity of female leadership in the private equity sector, Ms. Richard said "the impact will be on those who work under me more than on me," highlighting the importance of making sure all those who work for her are heard.[21]

See also

References
  1. Shawn Tully (12 May 2017). "Meet the New Generation of Oklahoma Oil". Fortune.com. Retrieved 27 June 2017.
  2. "Warwick Group: Overview". LinkedIn.
  3. World Economic Forum (July 2017). "World Economic Forum People". weforum.org. Retrieved 9 July 2017.
  4. "Katherine Richard: Founder; Chief Executive Officer, Warwick Energy Group". Oil and Gas Investor. Hart Energy. 1 May 2014. Retrieved 27 June 2017.(subscription required)
  5. "This week's buyers: Warwick Partners, Williams, Ares Management". Shale Gas International. 20 June 2014. Retrieved 27 June 2017.
  6. "Warwick Partners purchases 7,300 Eagle Ford acres". Fuel Fix. 20 June 2014. Retrieved 27 June 2017.
  7. "Investment Adviser Firm Summary". SEC.gov. Securities Exchange Commission. 15 May 2015. Retrieved 27 June 2017.
  8. "SEC Filing Detail". SEC.gov. Securities Exchange Commission. 24 February 2015. Retrieved 27 June 2017.
  9. Group, Warwick Investment. "Warwick Taps Former CPC Group Exec to Lead European Real Estate Platform". www.prnewswire.com. Retrieved 2021-10-08.
  10. "Warwick Splashes $450M on Rosewood Eagle Ford Assets". Natural Gas Intelligence. 2021-09-16. Retrieved 2021-10-08.
  11. Group, Warwick Investment. "Warwick Investment Group completes deal in Belgravia". www.prnewswire.co.uk. Retrieved 2022-03-14.
  12. Group, Warwick Investment. "Warwick adds Mayfair gem to London multi-family portfolio". www.prnewswire.com. Retrieved 2022-03-14.
  13. "Big Oil turns to big data to save big money on drilling". PR Newswire. PR Newswire. 23 June 2017. Retrieved 9 July 2017.
  14. Inc, Warwick Investment Group; Rosewood Resources. "Warwick Investment Group Acquires Rosewood Eagle Ford Assets". www.prnewswire.com. Retrieved 2021-10-08.
  15. "Former CPC Group exec joins resi investment firm • PrimeResi". PrimeResi. 2021-06-17. Retrieved 2022-03-14.
  16. "EY announces winners of the Entrepreneur Of The Year® 2019 Southwest Award". www.ey.com. Retrieved 2019-07-16.
  17. "Kayo |". Kayo. 2019-01-10. Retrieved 2019-02-05.
  18. "Forty Under 40: Brian Blad, Warwick Group". Hart Energy. Retrieved 2019-05-21.
  19. Investing, Warwick Investment Group; United Nations-supported Principles for Responsible. "Warwick Investment Group Expands ESG Commitment As A Signatory Of United Nations supported Principles For Responsible Investment". www.prnewswire.com. Retrieved 2020-08-21.
  20. "NAPE". online.publicationprinters.com. Retrieved 2022-03-14.
  21. "15 Women Shaping Private Equity's Present and Future". Wall Street Journal. 2021-10-08. ISSN 0099-9660. Retrieved 2021-10-18.
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