Recurrent Investment Advisors

What Recurrent Investment Advisors does

Recurrent Investment Advisors is an employee-owned, Houston-based boutique asset manager founded in 2017 by Mark Laskin (former CIO at BP Capital Fund Advisors) and Brad Olsen (former lead MLP portfolio manager at BPCFA and midstream research head at Tudor, Pickering, Holt & Co.). The firm manages public equity portfolios focused on two core strategies: Natural Resources (producers, consumers, and service providers across energy, metals, mining, agriculture, and chemicals) and Midstream Infrastructure (pipelines, storage, and processing facilities in North America). As of March 2026, the firm reported $1.8 billion in assets under management.

The firm's investment process is anchored in a proprietary EV/IC (Enterprise Value to Invested Capital) valuation methodology that compares ROIC to WACC, which the firm positions as a counter-cyclical alternative to traditional multiples like EV/EBITDA and P/E. Distribution is multi-channel: separately managed accounts for US investors, the RMLPX open-end mutual fund, and Luxembourg-domiciled subadvised funds (Alma Recurrent Global Natural Resources Fund and Alma Recurrent Energy Infrastructure Income Fund) for non-US investors. Thought leadership is supported through monthly commentary dating back to 2017/2020, white papers, and a short-form video series ("Research in 99 Seconds").

The firm's revenue model is asset management fees on AUM; specific fee schedules are not publicly disclosed. Recurrent is employee-owned with no external institutional investors, no disclosed funding rounds, and no M&A activity. As of 2026, the firm has been actively scaling its distribution and operating infrastructure with new senior hires in COO, Business Development, Client Portfolio Manager, and Senior Advisor roles.

Name

Recurrent Investment Advisors

Legal name

Recurrent Investment Advisors LLC

Website

https://recurrentadvisors.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Recurrent Investment Advisors is an employee-owned Houston-based boutique asset manager (founded 2017) that runs two equity strategies — Natural Resources and Midstream Infrastructure — across $1.8bn in AUM via SMAs, the RMLPX mutual fund, and Luxembourg-domiciled subadvised funds for non-US investors.

Ownership category

akta.pro rank

Product category

Energy and Natural Resources Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF) (FSAHAKAG)

Keywords

• Energy infrastructure investing
• Natural resources equity
• Midstream MLP funds
• Separately managed accounts
• Asset management services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: Recurrent earns management fees based on assets under management (AUM) of approximately $1.8 billion. Fees are charged on separately managed accounts, the RMLPX mutual fund, and subadvised Alma Recurrent Funds.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Recurrent Investment Advisors is an employee-owned asset manager that makes public equity investments in natural resources and energy infrastructure. The firm offers two core strategies—Natural Resources and Midstream Infrastructure—delivered through separately managed accounts (SMAs), the RMLPX open-end mutual fund for US investors, and subadvised Luxembourg-domiciled funds (Alma Recurrent Global Natural Resources Fund and Alma Recurrent Energy Infrastructure Income Fund) for non-US investors.

Product overview

Recurrent Investment Advisors is an employee-owned asset manager offering two core investment strategies—Natural Resources and Midstream Infrastructure—through multiple distribution channels: (1) the RMLPX open-end mutual fund for US investors seeking midstream exposure, (2) the Alma Recurrent Global Natural Resources Fund (ARGNIUC LX) and Alma Recurrent Energy Infrastructure Income Fund (ALMAYUI LX) subadvised for non-US investors, and (3) Separately Managed Accounts (SMAs) for both strategies. The firm complements its investment products with thought leadership content including monthly commentary, white papers, and video series covering energy markets and commodity investing.

Differentiator

Problem solved

Functional benefit

Products and services

• RMLPX - Recurrent MLP & Infrastructure Fund An open-end mutual fund advised by Recurrent that provides exposure to midstream infrastructure investments in the North American oil and gas industry, including pipelines, storage assets, and processing facilities. Available to US investors through recurrentfunds.com.
• Alma Recurrent Global Natural Resources Fund (ARGNIUC LX) A Luxembourg-domiciled mutual fund subadvised by Recurrent for non-US investors, offering exposure to global natural resources producers and consumers across the commodity value chain.
• Alma Recurrent Energy Infrastructure Income Fund (ALMAYUI LX) A fund subadvised by Recurrent for non-US investors, providing income-focused exposure to energy infrastructure investments.
• Recurrent Natural Resources Strategy A separately managed account strategy investing in natural resource-intensive industries including producers, consumers, and service providers across the energy, metals, mining, agriculture, and chemicals sectors, designed to protect against inflation.
• Recurrent Midstream Infrastructure Strategy A separately managed account strategy investing in quality, long-lived energy infrastructure assets such as pipelines, storage, and processing facilities in North America, designed to benefit from oil and gas development.

Quantifiable outcome

• BPCFA's energy strategy was #1 performing energy open-end mutual fund per Morningstar from 12/31/13 to 12/31/16
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Alma CapitalcoreChannel Partner/ Reseller/ DistributorRecurrent serves as subadvisor for the Alma Recurrent Global Natural Resources Fund (ARGNIUC LX) and Alma Recurrent Energy Infrastructure Income Fund (ALMAYUI LX). The Alma Recurrent Global Natural Resources Fund is domiciled in Luxembourg and available to non-US investors only.
• Recurrent FundscoreChannel Partner/ Reseller/ DistributorRecurrent serves as advisor for the Recurrent Midstream & Infrastructure Fund (RMLPX), an open-end mutual fund. The fund is accessible through recurrentfunds.com website.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@RecurrentAdvisors

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Recurrent Investment Advisors