Vortus Investments has closed its oversubscribed second fund at $500 million. Vortus Investments II’s limited partners include university endowments, non-profit foundations, family offices and pension funds. FirstPoint Equity was the placement agent while Schulte Roth & Zabel LLP provided legal counsel. Fort Worth, Texas-based Vortus Investments focuses on U.S. onshore upstream oil and gas assets.
FORT WORTH – Vortus Investments, an independent energy private equity firm making control investments in U.S. onshore upstream oil & gas assets, is pleased to announce the oversubscribed final closing of Vortus Investments II, L.P. (“the Partnership”) at $500 million in capital commitments. Vortus received support from a diversified group of existing and new Limited Partners, including university endowments, non-profit foundations, family offices and pension funds.
Jeffrey Miller and Brian Crumley, the Co-Founding Partners of Vortus Investments, said, “We are thrilled to have the opportunity to capitalize on the current environment and continue partnering with owner/operators in the development of domestic upstream oil & gas assets. Thank you to our existing partners and new investors for their steadfast support. We would also like to thank the FirstPoint Equity team who has been an invaluable strategic partner throughout this efficient fundraising process.”
FirstPoint Equity acted as sole global placement agent helping the Partnership surpass its initial target of $450 million and achieve the hard cap of $500 million. Schulte Roth & Zabel LLP served as Partnership formation counsel.
About Vortus Investments
Vortus Investment Advisors, LLC is a Fort Worth-based private equity firm focused on the lower to middle market upstream energy industry. Founded in 2013, Vortus’ asset-based investment strategy provides development capital in partnership with owner/operators in the domestic onshore upstream industry. Vortus targets privately negotiated transactions in the lower to middle market requiring approximately $25 million to $75 million of equity capital. For additional information, visit www.vortus.com.
About FirstPoint Equity
FirstPoint Equity is an independent placement agent with experience in partnering with alternative asset managers, globally. FirstPoint focuses on private equity and real assets with clients across the agriculture, mining, power, oil & gas, buyout and venture capital sectors. For additional information, visit www.firstpointequity.com.