Kirkland Advises Avant Natural Resources on Closing of Oversubscribed Fundraise with Over $1 Billion of Aggregate Commitments
Kirkland & Ellis advised Avant Natural Resources on the formation and final close of Avant Natural Resources Fund II, LP and related vehicles (Fund II) at their respective hard caps with more than $1 billion in total equity capital commitments. Fund II, the third flagship investment strategy deployed by Avant Natural Resources, will continue Avant’s focus on aggregating and developing upstream assets and related infrastructure projects in the Permian Basin. The Fund II investments already include an acreage portfolio with control of over 40,000 net acres in New Mexico, production from over 20 Avant-drilled horizontal wells and exposure to both existing and greenfield natural gas and water infrastructure projects.
The Kirkland team included investment funds lawyers Matt Nadworny, Lily Rasel and Ivey Eugene; investment funds regulatory lawyers Nicholas Hemmingsen and Mac Laban; tax lawyer Steve Butler; and corporate lawyer John Kaercher.
