In response to rapidly changing energy credit markets, including tightening lending requirements from traditional energy lenders, Donovan Ventures established a structured credit platform in 2021. The Asset Backed Securitization (“ABS”) market for upstream producers is expanding to meet the capital needs of the industry. Investors in the $4 trillion structured credit market are attracted to the consistent cash flows of producing assets placed in highly-structured and rated investment vehicles. Recognizing the potential of the ABS product to help our upstream clients optimize their capital structures, Donovan Ventures built a dedicated team of highly-experienced bankers to structure and distribute bespoke ABS offerings. The Donovan Ventures structured credit team is uniquely positioned to execute ABS offerings for both conventional and unconventional upstream assets.

Our Structured Credit Team

Victor Mendoza

Victor Mendoza – Head of Oil & Gas Securitizations

victor@dv-llc.com

Mr. Mendoza brings over a decade of Oil & Gas Corporate and Investment Banking experience. Prior to joining Donovan Ventures, Mr. Mendoza was a Managing Director and founding team member at Veld Applied Analytics, a technology-based start-up focusing on stochastic evaluation of energy assets.

Before that, Mr. Mendoza spent 7 years at Société Générale focused on upstream transactions in the Americas (U.S., Canada, LatAm). Mr. Mendoza has participated, originated, structured over $10 billion of upstream financings including development financing, structured products, and reserve base financing.

Mr. Mendoza began his banking career in Amegy Bank’s leadership Development Program before joining the Energy team.

Mr. Mendoza holds a BBA from Texas A&M University. He is a Vice Chairman of the Houston Rodeo Parade Committee and a Board Member of Subiaco Academy.

Rosalie Valladares

Rosalie Valladares – Managing Director, Capital Markets

rosalie@dv-llc.com

Ms. Valladares is a seasoned debt capital markets professional who has originated and distributed in excess of $30 billion of debt financings across global markets. She has extensive knowledge across various debt formats including 4(a)2 private placements, corporate bonds, revolving credit facilities, letter of credit facilities, secured bonds, green bonds, project finance and future flow securitizations. She has executed debt financings across four continents and maintains a global footprint of long-standing investor relationships.

Ms. Valladares’ career began within the Debt Capital Markets division of Merrill Lynch, where she was a product specialist in the Debt Private Placements team. She then joined National Australia Bank (NAB) in 2009, where she was instrumental in the expansion and development of the Debt Private Placement team. She recently completed an international assignment at NAB’s London office where she was responsible for providing debt markets coverage to the bank’s FTSE 100, corporate and infrastructure clients.

Ms. Valladares holds a B.S. in Finance from Rutgers University. She has completed a FinTech certificate from Cornell University. She is Series 7 and 63 licensed.

Kyle Bulpitt

Kyle Bulpitt – Vice President

kyle@dv-llc.com

Mr. Bulpitt has seven years of upstream oil and gas experience focused on asset evaluations, including acquisitions and divestitures and unconventional strategy planning. Prior to joining Donovan Ventures, Mr. Bulpitt was a VP at Veld Applied Analytics focusing on both analytical analysis and asset evaluations.

Prior to Veld Applied Analytics, Mr. Bulpitt was employed at Solomon Partners (formerly PJ Solomon) within the Energy group in Houston. Mr. Bulpitt began his career as a reservoir engineer within the Permian Unconventional group at ConocoPhillips in Houston. Outside A&D work, Mr. Bulpitt coordinated with all disciplines to evaluate full field development plans. Additionally, he worked on projects including basin-wide-type curve generation, completion evaluation, and reserves and resource determination.

Mr. Bulpitt holds a BS in petroleum engineering, with high distinction, from Texas A&M University. He is Series 79 and 63 licensed.

Cray Jaeger

Cray Jaeger – Associate

cray@dv-llc.com

Mr. Jaeger has over four years of oil and gas investment banking experience and has advised on transactions totaling over $4 billion. Prior to joining Donovan Ventures, Mr. Jaeger was an Associate at Solomon Partners (formerly PJ Solomon) within the Energy group in Houston and M&A group in New York City. Mr. Jaeger’s oil and gas transaction experience include IKAV’s acquisition of San Juan assets from BP and Third Coast Midstream’s sale of Eagle Ford gathering assets.

Mr. Jaeger holds a BBA in finance from the University of Texas at Austin.