Firm History and Principal Owners
SCP Investment, LP (“SCP”) is a Delaware limited partnership that was founded in 2016 by Sanford
J. Colen and Kara S. Dille.
Mr. Colen is an owner of SCP and is the Chief Investment Officer and portfolio manager of SCP.
Isaac Souede is an owner of SCP and is the Chairman and Chief Global Strategist of SCP and Ms.
Dille is the Chief Operating Officer and Chief Compliance Officer of SCP. As of December 31,
2023, SCP managed approximately $1,188,300,846 of regulatory assets under management on a
discretionary basis on behalf of 15 private investment funds, (the “Funds”) including:
• SCP Investment Fund, LP, a Delaware limited partnership;
• SCP Legacy, LP, a California limited partnership;
• SCP Investment Offshore, Ltd., a Cayman Islands exempted company;
• SCP Core Equity, LP, a Delaware limited partnership;
• SCP Core Equity, Ltd., a Cayman Islands exempted company;
• SCP Core Equity Long-Only, LP, a Delaware limited partnership;
• SCP Energy & Metals, LP, a Delaware limited partnership;
• SCP Focus Fund, LP, a Delaware limited partnership;
• SCP Focus Fund, Ltd., a Cayman Islands exempted company;
• SCP Ann Arbor Fund, LP, a Delaware limited partnership;
• RxR Waterfall, LP, a Delaware limited partnership;
• RFF Investment Fund, LP, a Delaware limited partnership;
• RxR Rocksolid, LP, a Delaware limited partnership;
• MBNE Holdings, LLC, a Delaware limited liability company; and
• SCP Stable Liquidity, LP, a Delaware limited partnership.
SCP Legacy, LP and SCP Investment Offshore, Ltd. are feeder funds that invest substantially all of
their assets in SCP Investment Fund, LP as the master fund. SCP Core Equity, Ltd. is a feeder fund
that invests substantially all of its assets in SCP Core Equity, LP as the master fund. SCP Focus
Fund, Ltd. is a feeder fund that invests substantially all of its assets in SCP Focus Fund, LP as the
master fund.
SCP Investment Fund, LP, SCP Legacy, LP, SCP Core Equity, LP, SCP Core Equity Long-Only,
LP, SCP Energy & Metals, LP, SCP Focus Fund, LP, SCP Ann Arbor Fund, LP, RxR Waterfall,
LP, RFF Investment Fund, LP, RxR Rocksolid, LP, MBNE Holdings, LLC, and SCP Stable
Liquidity, LP are referred to herein as the Onshore Funds. SCP Investment Offshore, Ltd., SCP
Core Equity, Ltd., and SCP Focus Fund, Ltd. are referred to herein as the Offshore Funds.
Services Provided
SCP only manages assets on a discretionary basis.
Each Fund is governed by a limited partnership agreement, operating agreement, investment
management agreement or similar document (the “Governing Documents”) that sets forth the
specific investment guidelines and restrictions applicable to each Fund. In addition, a confidential
private offering memorandum (a “CPOM”) or similar document provided to each investor in the
relevant Fund sets forth the investment objective and strategy. Each CPOM or similar document
contains important information regarding the intended investment program of each Fund and should
be carefully reviewed prior to investing.
Depending on the Fund, the Funds either invest primarily in securities, or, in limited partnerships
and other investment vehicles and accounts (“Investee Funds”) managed by professional investment
managers (“Managers”) selected and monitored by SCP. The Funds are authorized to enter into any
type of investment transaction that SCP deems appropriate under the terms of the Funds’ Governing
Documents. SCP Investment Fund, LP, RxR Waterfall, LP, RFF Investment Fund, LP, RxR
Rocksolid, LP, SCP Focus Fund, LP, and MBNE Holdings, LLC also have Managers selected by
SCP and the investors to manage a portion of the assets on these Funds’ behalf. These arrangements
are made pursuant to an investment management agreement or similar document between these
Funds and the Manager.
The investors in the Funds have no opportunity to select or evaluate any Fund investments or
strategies. SCP selects all Fund investments and strategies.
SCP does not participate in wrap fee programs.