Waveland Launches $100 Million Fund, Expanding Into Permian Basin
Waveland Energy Partners, a private investment sponsor with 25 years of experience in the American energy sector, announced the launch of Waveland Resource Partners VIII, LP, its newest total return income and growth strategy fund. The fund seeks to raise $100 million from accredited investors.
The launch of the fund, also known as WRP VIII, follows the close of the oversubscribed WRP VII program, which exceeded its $100 million sales target by more than 30%.
WRP VIII will build on the firm’s approach of acquiring minority, non-operated interests in drill-ready oil and gas projects operated by leading energy companies.
The new fund will target the Bakken and Permian basins – the Bakken basin spanning eastern Montana, western North Dakota, South Dakota, and southern Saskatchewan; and the Permian basin covering a large portion of West Texas and southeastern New Mexico – partnering with established operators to access institutional-grade assets. WRP VIII is designed to generate quarterly cash distributions from producing wells while reinvesting excess cash flow to compound long-term value.
“Energy remains one of the few investment sectors delivering both current yield and growth potential,” said Adam Dooley, president of Waveland Capital Partners. “We are seeing increasing interest from advisers and family offices as institutional demand grows, and America’s focus on energy security becomes paramount. In an environment where inflation and volatility are pressuring traditional fixed income, conventional energy is reclaiming its role as a core allocation.”
Since 2000, Waveland and its affiliates have sponsored over 40 energy programs, deploying more than $1 billion in investor capital.
Based in Irvine, Calif., Waveland Energy Partners is a private equity sponsor specializing in conventional energy investments and providing accredited investors access to institutional-quality energy assets.
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