Azimuth Capital Management — Full Portfolio

Steelhead LNG is a developer and licensor of a patented floating LNG export facility design (At-Shore LNG) that reconfigures traditional onshore LNG plant elements to lower cost and carbon footprint.

CleantechDeep TechEnergyVancouver, CA

Victor Ojeda(President)

BoardRyan Patryluk

Altex Energy operates a crude by rail transportation system that moves crude oil, natural gas liquids, condensates, and related products across North America.

EnergyLogistics & Supply ChainCalgary, CA

Dave Pearce(Director)Aaron Bishop(Executive Officer)Patrick Carlson(Director)Greg Molaro(Executive Officer)Pentti Karkkainen(Director)Jeff van Steenbergen(Director)

Co-investorsKensington Capital Partners Limited

Solar thermal power developer.

British Columbia liquids rich gas producer.

PR Newswire operates a press release distribution network that delivers news to over 500,000 media outlets, newsrooms, and influencers worldwide, along with an AI-enhanced platform (Amplify) for planning, creating, distributing, and reporting on PR campaigns.

Marketing TechMedia & EntertainmentSaaS

Co-investorsBuild VenturesEast Valley VenturesGlobal Blockchain VenturesMaverix Private EquityPalisades GoldcorpWELL Ventures

Cobalt International is an oil exploration, development, and production company.

Energy

Deep offshore oil exploration company primarily in the Gulf of Mexico.

Corex Resources Ltd. is a private junior oil and natural gas company focused on development drilling, farm-in opportunities, acquisitions, and exploration, primarily targeting light oil opportunities in Manitoba, Canada.

EnergyCalgary, CA

R.L, (Monty) Bowers(Executive Officer, Director)David Coppe(Director)Murray Nunns(Director)Howard Mayson(Director)Francois Doyon(Director)Lawrence Fenwick(Director)

Enoflex develops cost-effective pipeline using an industrial-scale additive manufacturing process to connect energy transition infrastructure such as LNG, carbon sequestration, and the hydrogen economy.

Advanced ManufacturingClimate TechEnergy

Oil and gas company focused on the Viking formation, led by a repeat leadership team that previously worked with Azimuth.

Karve Energy is a private oil exploration and production company focused on light oil production from the Viking play, with land holdings in the Consort and Hamilton Lake areas.

Energy

M-Flow develops and supplies multiphase and water cut measurement tools and data systems for oil field operators.

EnergyHardwareIoT

Manufactures next generation carbon fiber pipe for various energy applications, including offshore operations.

Steam-Assisted Gravity Drainage (SAGD) oil producer in British Columbia.

Monolith produces carbon black using a thermal plasma hydrocarbon pyrolysis process, along with hydrogen and steam co-products used for energy.

Advanced ManufacturingCleantechNew MaterialsRedwood City, US

Peter L. Johnson(Executive Officer, Director)Robert J. Hanson(Executive Officer, Director)THOMAS ERICKSON(Director)JASON MONTEMURRO(Director)PETER JOHNSON(Executive Officer, Director)JIM NIEUWENBURG(Director)

Co-investorsWarburg PincusBlackRockRsquaredTemasek

North American critical minerals processing platform.

Scaled baseload power platforms purpose-built for data centers and large industrial computing loads.

Recover uses a patented process to extract and recycle diesel fuel from oil and gas drilling waste that would otherwise be landfilled, producing distillate fuel and a dry byproduct (Recover Dry).

Circular EconomyCleantechEnergyCalgary, CA

Alberta liquids rich gas producer.