About Us

Trace Capital Management is a proven and pragmatic energy investor focused on value and growth investments across the global energy landscape, with a particular focus on energy infrastructure, upstream oil and gas and viable low/no carbon opportunities.

Based in Houston, TX, Trace currently manages funds with invested and committed capital of over $1.4 billion. Trace was formed in August 2022 via a “lift out” of Denham Capital’s Energy Resources investment platform, including its active funds, people and associated infrastructure. Including during the team’s tenure at Denham, the Trace executive team has managed over $2.9Bn in total committed and invested capital and 26 investment platforms.

At Trace, we focus on transparency, partnership, risk management and operational competence throughout market cycles. We provide energy entrepreneurs and growing businesses with the capital and broad support necessary to deliver real energy returns.


Current AUM


Total Invested and Committed Capital


Total Investments

Energy Infrastruction icon
Energy Infrastructure
Oil and gas icon
Upstream Oil & Gas
Low/No Carbon Infrastructure