Strive Asset Management has applied for its first interval fund, the Strive American Energy Income fund.
According to a filing with the Securities and Exchange Commission (SEC), the fund will acquire the assets of Del Rio Royalty Company II LLC, a private fund run by Del Rio, a Denver-based energy firm that invests in natural gas and oil projects. Investors of the preceding fund will receive class ‘I’ shares of the Strive fund.
The fund will invest at least 80% of its AUM in energy-related assets in continental US. It will be co-advised by Strive and LEH II Management LLC, (Lincoln), which managed the predecessor fund.
