A Houston-based private equity firm has disclosed the release of its first credit fund, named North Hudson Energy Credit Partners LP or "NH Energy Credit".
Houston, TX - February 21, 2023 —
North Hudson Resource Partners LP has proudly announced the launch of its first credit fund; North Hudson Energy Credit Partners LP (NH Energy Credit). This announcement came in early 2023 and details of the fund soon emerged. It is aimed at providing senior secured loans to middle-market onshore oil and gas production companies in North America. The underlying goals of this energy credit fund are refinancing existing debt, financing acquisitions, and funding development.
NH Energy Credit is currently targeting the deployment of $275 million in capital and will provide senior secured loans ranging from between $20 and $50 million. It also looks to provide flexible capital solutions for special situations.
Helping Oil & Gas Companies Achieve Their Strategic Objectives
North Hudson’s Managing Partner - Mark Bisso - has gone on record to express his immense satisfaction with the fund. Speaking in a recent interview, he stated that “With the continued pullback by many capital providers in the oil and gas sector - in particular, commercial banks - we are pleased to be able to provide solutions for companies seeking to achieve their strategic objectives. The lack of capital available in the oil patch is even more acute for small and mid-sized operators, which is a serious impediment to responsible resource development”.
He went on to add that “Our Houston-based team brings extensive technical and operational experience, as well as expertise in structuring the transaction and optimizing business plans. With our roots grounded in private equity, North Hudson seeks to bring a partnership mentality to each transaction and management team”.
The introduction of this $275 million energy credit fund is sure to be met with cheers across the industry. It offers new ways for smaller businesses to get funding, which is crucial for the overall development and progression of the energy sector. North Hudson’s experience ensures that this fund should be a roaring success.
About North Hudson Resource Partners
North Hudson is a Houston-based energy investment firm that focuses on upstream and midstream energy investments in North America. With over $850 million in assets under management, its private equity platforms own both non-operated and operated oil and gas assets. The firm’s current portfolio comprises interests in over 4,500 wells located primarily in the Permian Basin, DJ Basin, San Juan Basin, and Haynesville Shale.
For more information, visit the website here: https://www.northhudsonrp.com/.
Contact Info:
Name: North Hudson Resource Partners
Email: Send Email
Organization: North Hudson Resource Partners
Address: 600 Travis Street, Suite 6290 Houston, Texas 77002
Phone: 713-936-6570
Website: https://www.northhudsonrp.com/
Release ID: 89090628
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