A Texas private equity firm known as American Energy Fund announced the expansion of its asset-backed investment offerings for U.S.-based oil and gas development projects.

A toned-down expression of its team’s approach that is nevertheless complicated. Our research team assigns Neutral ratings to strategies they’re not confident will outperform a relevant index ...

However, the process is limited by the turnover of management across its parent firm. The firm's asset-weighted manager tenure of six years raises concerns about long-term strategic consistency.