Trace Capital Management
12 contactswww.tracecapital.com
Trace Capital Management is a private equity manager dedicated to energy, founded in 2022 and headquartered in Houston, Texas. Its mandate centers on North America and on the upstream and midstream sectors. The firm was set up to supply specialized capital and operating expertise to the changing energy industry, and its leadership draws on deep industry experience to handle complex regulatory and technical settings. Being based in a major energy hub keeps it close to key operating basins and industry partners. Target asset classes are upstream oil and gas, plus midstream infrastructure assets and companies. Investments are value-oriented and growth-oriented, often made alongside skilled management teams and execution talent. The firm relies on deep in-house asset-level underwriting and diligence to assess opportunities across the energy landscape, including viable low-carbon and no-carbon initiatives. Its focus is mainly on North American markets, where technical proficiency is applied to improve asset performance and operating efficiency. Combining technical diligence with financial structuring, it aims to develop powerful businesses in energy infrastructure, keeping a flexible mandate that can adapt to market shifts while staying centered on energy production and transportation fundamentals. In scale, the firm runs 13 investment platforms and oversees approximately $1.6 billion in assets. It serves a global client base of sophisticated investors with institutional-grade management, using a lean corporate structure built to support a high volume of asset-level activity. Its attention to the technical side of energy production and the logistics of midstream infrastructure has produced a scalable platform for diverse energy interests, and its reach extends across the global energy market. Through rigorous underwriting and strategic partnerships, it continues to grow as a specialist within private equity and energy investing.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
| Neuberger Berman - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Co-investment | $538B | 17 |
| Temasek | Sovereign Wealth Fund | Singapore | Industrial · Office · Joint venture | $311B | 5 |
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