In this episode of the Legacy Lounge, we sit down with Mike France, Head of Investment Management at Houston-based Intrepid Financial Partners. With more than 25 years in energy finance and nearly two decades in principal investing, Mike leads a team focused on lower middle-market energy infrastructure, partnering with operators on contracted, mission-critical assets across pipelines, terminals, and contract compression.

Mike challenges the common assumption that investing in energy is a bet on commodity prices. He walks through why this cycle looks different from past ones (sharper capital discipline, more durable demand, and longer-term contracts) and explains why a void has opened in the sub-$100 million equity check segment that larger infrastructure funds have outgrown. He details how take-or-pay contracts and investment-grade counterparties anchor Intrepid's approach to risk, how the firm's structure gives a smaller fund the reach of a much larger platform, and how AI-driven power demand is now reshaping where and how natural gas infrastructure gets built.

Mike's perspective on capital discipline, contracted cash flows, and the unexpected intersection of energy and technology makes this a must-watch for investors, business owners, and anyone trying to understand where private capital is finding durable opportunity in today's energy economy.

We are excited that Intrepid Financial Partners is a part of the Stavis Wealth Texas Collective.