Houston · Caracas

Principal inConstrainedMarkets

Klingspor Partners is an independent U.S. merchant and principal investment firm with a focus on Venezuela. We trade physical product, invest upstream, and take positions in special situations.

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The Firm
Where execution is uncertain, assets price below fair value. Klingspor Partners closes the gap
Position

The firm commits its own capital — taking title and holding the risk it prices. Where a client holds the position, it advises.

Presence

Working offices in Houston and Caracas. Structuring, finance, and logistics run from where the counterparties sit.

Conduct

A U.S. company operating under U.S. law, with standing sanctions counsel and diligence protocols on every transaction.

Practices

Trading & Offtake

Physical crude and products. The firm buys the cargo — financed, shipped, and placed with refiners on three continents.

Upstream

Deal origination. The firm identifies and structures upstream entry for operating partners — positions reached before they come to market.

Special Situations

Instruments, obligations, and assets priced for their circumstances rather than their value. The firm cleans them up, resolves them, and monetizes.

Record
2026Placement

Placed 0.0 million barrels of Merey 16 from equity production of independent operators under General License 46.

2024Trading

Traded 0.00 million barrels of fuel oil in six cargoes to Tier-1 international trading houses under General License 44 — payments, reporting, and diligence completed without incident.

2022Origination

Originated the divestment of a gas license by an IOC.

2021Divestment

Executed the divestment of a natural-gas license and a mixed-company interest by an international oil company, under OFAC compliance.

Contact

Start with the transaction

info@klingsporpartners.com
Houston801 Travis Street
CaracasAv. San Felipe, Centro Coinasa