Spicewood Mineral Partners Announces Initial Closing of Second Energy Fund With $120 Million in Capital Commitments

DALLAS ~ Dallas-based mineral and energy investment management firm Spicewood Mineral Partners ("Spicewood") announced the initial closing of their fourth investment vehicle, Spicewood Mineral Partners II, L.P., with approximately $120 million in capital commitments. The fund has a target of $500 million and has attracted backing from existing investors as well as new limited partners including endowments, foundations, fund of funds, RIAs and family offices.

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Managing partner and co-founder Kyle Bebee expressed his gratitude for the support and confidence placed in the firm. "With this fund, we will continue our pursuit and growth trajectory to build a pre-eminent mineral portfolio in the most prolific basins in the country."

Since December 2020, Spicewood has raised over $500 million with roughly $420 million already deployed. Their investment strategy focuses on an in-depth technical understanding of the asset base, buying producing and non-producing minerals and royalties in core areas of preeminent basins in the United States.
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