Grey Rock Energy Partners Closes Fund III With $232.5 Million in Capital Commitments
Grey
Rock Energy Partners (“Grey Rock”) announced today that it recently
held its first and only close of Grey Rock Energy Fund III (“Fund III”)
which was oversubscribed with $232.5 million in capital commitments. The
entirety of Fund III was raised through institutional investors; the
majority are repeat investors who participated in prior Grey Rock funds.
Grey Rock is a Dallas-based private equity firm with more than $450
million of assets and committed capital under management. The company
acquires non-operated working interests in core unconventional basins,
either by acquiring non-op directly from current owners, or by providing
joint venture capital to operators. Grey Rock has interests in more than
2,000 wells in core areas of the Permian Basin, Bakken, Eagle Ford,
SCOOP, and Haynesville plays.
“We are so appreciative for the continued support and confidence of our
investors. With their strong institutional backing, Grey Rock is well
positioned to deliver healthy, risk-adjusted returns in an underserved
area of the oil and gas market,” said Grey Rock Managing Director Matt
Miller. “Grey Rock has assembled a savvy team with deep operational
expertise, positioning us as a world-class partner for operators and a
preferential counterparty for sellers. We are excited about the
opportunities that we see going forward in the energy industry.”
The Grey Rock leadership team has a broad range of skills and expertise
in the energy industry and has a proven track record of success in
identifying and developing strategic investments. The Grey Rock
executive team is comprised of three founding Managing Directors: Kirk
Lazarine, Matt Miller, and Griffin Perry. Scott Eads serves as
Partner-Engineering, Thad Darden as Partner-Investments, Eric Holley as
Vice President-Accounting and Finance, and Adam Griffin as Vice
President-Land. Leadership bios can be found here.
Thompson & Knight LLP served as formation counsel for Fund III. Grey
Rock did not engage a placement agent in connection with the formation
of Fund III.
About Grey Rock Energy Partners:
Grey Rock Energy Partners is a Dallas-based private equity firm with
over $450 million of assets and committed capital under management. The
company acquires non-operated working interests in North America either
directly from current non-op owners or by providing joint venture
capital to operators. The company has interests in over 2,000 wells
across six states. For additional information, please see www.greyrockep.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180619005513/en/
Copyright Business Wire 2018
Source: Business Wire
(June 19, 2018 - 9:00 AM EDT)
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