Silver Hill Energy Partners raised the $1.02bn oversubscribed fund at an upsized hard cap from institutional investors comprising endowments, pension funds, medical and family foundations and family offices
The fund was formed to pursue direct investments in the acquisition and development of operated oil, natural gas and related infrastructure assets across the Lower 48.
Silver Hill III has closed five sizable acquisitions in the Haynesville Shale and South Texas over the past year and is actively developing its assets with three operated rigs and the build-out of related infrastructure.
The Partnership has formed Silver Hill Energy Partners III, LLC, Silver Hill III Midstream, LLC and other regional affiliates (together with the Partnership, “Silver Hill III”), which is focused on the direct acquisition and development of operated onshore oil, natural gas and related infrastructure assets in premier basins across the U.S.
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“Silver Hill is strongly committed to responsible and environmentally-conscious development of energy resources in the United States,” said Silver Hill Founder, President and CEO Kyle D. Miller.
“Through our direct partnership with like-minded institutional partners, we are uniquely positioned to make rapid decisions as attractive oil and gas assets become available for acquisition.”
Aviditi Financial, LLC and Shearman & Sterling LLP served as Silver Hill’s placement agent and legal counsel, respectively, during the fundraising process.
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