Montego Takes Fund Full Cycle, Delivering 350% Total Return to Investors
Montego Minerals, an investor in oil and gas royalties and mineral rights, announced the successful full-cycle exit of Montego Capital Fund 1, or MCF1, delivering a total return of 350% to investors. Originally launched in 2014, MCF1 was fully dissolved in July 2025 following 11 years of Montego’s asset management and divestitures.
The fund launched in October 2013 and became fully subscribed after raising $4.9 million in equity in April 2014.
Over the life of the fund, Montego executed 10 property sales and distributed consistent royalty income to investors. When combining both royalty cash flows and proceeds from property exits, MCF1 generated an average annualized return of 31.9%.
“Montego Capital Fund 1 was built on the core principles of income, diversification, and disciplined execution,” said Sean Caldwell, president of capital markets at Montego Minerals.
“This outcome not only validates our strategy but also reflects the strength of the relationships and trust we’ve built with our investor partners over the last decade.”
MCF1 consisted of a diversified basket of mineral and royalty interests across the Permian Basin – the United States’ most productive energy field – benefiting from consistent development by industry leading operators. Its exit marks the 15th divestment in Montego’s history, underscoring the firm’s track record of sourcing, managing, and monetizing high-quality mineral assets.
Montego is actively raising capital for its newest offering, Montego Capital Fund 4, i.e., MCF4, which continues the firm’s strategy of assembling institutional-grade portfolios tailored for income and long-term growth. Additionally, Montego anticipates a full-cycle exit of Montego Capital Fund 2, i.e., MCF2, in the first quarter of 2026.
Earlier this summer, AltsWire reported the company’s launch of its 26th portfolio, Coyote Plains Properties LLC. The $18 million offering aims to capitalize on Montego’s track record of acquiring resource rich mineral assets located in the Permian Basin.
The Coyote Plains Properties represents a diversified portfolio of royalty assets historically delivering both income and growth to accredited investors. The portfolio expands across approximately 29,262 gross acres, and 16 counties in Texas. It is made up of 40 individual properties, operated by six companies including Diamondback, Exxon, and EOG. Currently, this acreage has 235 producing wells, 56 DUCs (drilled but uncompleted), 24 active permits, and room for more than 124 additional wells to be drilled.
Montego Minerals is a three-generation family office of petroleum engineers and geologists that has evaluated and purchased minerals and royalties in the Permian Basin for the last 50 years.
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