Vortus Investments Raises $500M For Oversubscribed Second Fund

Sep 11 2017 | 7:12pm ET

Energy-focused private equity company Vortus Investments has raised $500 million in capital commitments for its second fund, surpassing its original $450 million target. 

The new fund, named Vortus Investments II, L.P., was oversubscribed, the company said in a statement. As with its predecessor, Fund II will make control investments in U.S. onshore upstream oil & gas assets and was backed by a diversified group of existing and new LPs including endowments, non-profit foundations, family offices and pension funds.

FirstPoint Equity acted as sole global placement agent for the raise, the statement added, while Schulte Roth & Zabel served as formation counsel.

Founded in 2013 and based in Ft. Worth, Texas, Vortus Investment Advisors is focused on the lower to middle market upstream energy industry. The company’s asset-based investment strategy provides development capital in partnership with owner/operators and targets privately negotiated transactions requiring approximately $25 million to $75 million of equity capital. 

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