116 UPSTREAM ENERGY FUND VI

Note: This 506(c) fund is for ACCREDITED Investors only.

$50,000,000

Total Offering Size

8 - 10 Years

Hold Time

25%-30%

IRR

4.00 – 7.00x

Equity Multiple

Offering Details

Aspen Funds is pleased to present, 116 Upstream Energy Fund VI (“116 UEF” or “Fund”), a $50MM+ diversified oil & gas fund focused on investing in what we believe to be the best risk-adjusted opportunities.

This Fund will be focusing on investing in a combination of existing producing assets for current cash flow (PDP) along with acreage for new drilling for upside value (PUD). We’ll be targeting multiple basins.

The Fund will generally be focused on investing in non-operating working interests (“NOWI”) and overriding royalty interests (“ORRI”). This reduces operational risk but gives the opportunity to participate in new drilling programs.

Minimums and Timeframe:

The stated minimum to receive the 15% discount is $1m
75% of the commitment must be funded by 8/15/23.
For example, if a fund manager commits to raise $1m for the fund then $750k must be funded to Aspen by 8/15/23 to maintain your position.

Fund Structure – Key Items:

1-Year capital raise & deployment period may extend
We will be accepting subscriptions on a first-come, first-served basis
Capital will be accepted as acquisitions are made and we will operate on a waitlist structure
In the first year of Fund, expect to reinvest 100% of profits into new drilling programs to compound returns
Will target distributions starting in Year 2 and thereafter growing over the life of the Fund.

Key Reasons to Invest:

EXPERIENCED SPONSORSHIP TEAM. Our sponsorship team has extensive experience in operating and engineering oil & gas assets for the last 40 years, with a 5-project track record.
MIDDLE MARKET OPPORTUNITIES. Given the target size of the fund and lack of capital market activity, we’ll be able to participate in larger assets in proven basins with larger operators.
CASH FLOW + TOTAL RETURN. Our fund strategy will combine a focus on existing, producing assets at good values, with additional upside through drilling. We’re targeting a mix of distributions and reinvestment into new drilling to compound returns.
TAX BENEFITS. Numerous tax benefits for investors including Intangible Drilling Costs, Depletion & Depreciation. Optionality for investors to invest as a GP or LP.
FAVORABLE FUNDAMENTALS. Lower global inventories and minimal domestic investment in production, along with strong projected fossil fuel demand create potentially favorable economic fundamentals.
CO-INVESTMENT. Aspen Funds and Co-sponsor management teams will be investing personal funds in this Fund as limited partners creating an alignment of interests with our investors.

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