Avant Natural Resources announced the final close of Avant Natural Resources Fund II and related vehicles at their respective hard caps. The fundraise closed with more than $1 billion in total equity capital commitments.
Fund II will continue Avant’s strategy of aggregating and developing upstream assets and related infrastructure projects in the Permian Basin. The fund’s investments already include an acreage portfolio with control of more than 40,000 net acres in New Mexico.
Fund II also includes production from more than 20 Avant-drilled horizontal wells. The strategy also has exposure to existing and greenfield natural gas and water infrastructure projects.
Avant received strong commitments from legacy investors who participated in predecessor funds. The firm also welcomed new commitments from institutional investors including pensions, foundations, family offices, and asset managers.
Fund II is the third flagship investment strategy deployed by Avant Natural Resources. In early 2025, Avant completed the sale of Delaware Basin upstream and infrastructure assets to Coterra Energy in an all-cash transaction valued at $1.45 billion.
Avant said the Permian Basin remains central to its investment strategy. The firm continues to see opportunities to assemble high-quality operated acreage and execute on its aggregation model.
Kirkland & Ellis served as legal counsel for Avant Natural Resources Fund II. Avant Natural Resources is focused on upstream and infrastructure investments, primarily in the Permian Basin.
KEY QUOTES:
“We are grateful for the continued confidence of our long-term partners and are pleased to welcome several new investors to the Avant platform. We believe their commitments reflect the quality of the team we have built at Avant, together with a history of success that we believe is among the strongest in the energy investment industry.”
Jacob Nagy, Founder and Co-CEO of Avant Natural Resources
“Our investors recognize our ability to assemble high-quality operated acreage on an efficient and consistent basis. The Permian remains one of the most prolific oil and gas basins in the world, and we continue to see plenty of runway to execute on our aggregation strategy.”
Skyler Gary, Founder and Co-CEO of Avant Natural Resources
