Invico Energy I (2006)

The fund’s investments are focused in the energy sector and include private exploration and production companies, energy services companies, and unique opportunity companies. The fund’s exploration and production investments feature companies with high impact and near term opportunities backed by proven management teams. Investments in energy services include both oil sands and conventional service companies that benefit from the utilization of emerging technologies. The fund also made investments in unique energy opportunity companies operating in the areas of oilsands and biofuels.

Invico Energy II (2008)

This fund was created to exploit investment opportunities driven through key relationships and the expertise of the Invico team in order to create a concentrated investment portfolio in private energy companies with a unique investment proposition or niche in conventional and unconventional oil and gas resource plays. The portfolio companies possess a highly scalable asset that has been generally underexploited but currently face significant development opportunities through the commercial application of proven technologies that enhance resource recovery.

Invico Energy III (2010)

The fund invests in primarily private energy companies through opportunistic grey market and late stage or pre-IPO transactions. These companies possess a high quality asset base which have operationally performed well , however remain undervalued relative to its peer group or net asset value. The investments are focused in the energy sector and include private and public exploration and production companies demonstrating quality management team, high quality asset base, valuations significantly below peers and/or net asset value, strong balance sheet and a visible near term exit strategy.

Pennant Select Flow-Through Limited Partnership (2010)

The fund focuses on investments in high impact junior public and private energy companies that provide for the potential for strong returns in the intermediate term and immediate tax benefits to investors. The fund invests in flow-through shares of energy companies which incur eligible exploration expenses that are passed to investors to reduce their taxable income for the current year.