- North Hudson Resource Partners LP announced the final closing of its fifth non-operated oil and gas fund, North Hudson Production Partners V LP. - The Fund closed at its hard cap with $344 million in equity commitments. - This closing increases the Firm's total assets under management to $1.4 billion. - The Fund will target a wide range of non-operated acquisitions in the U.S. and Canada, from $1 million to over $150 million. - Expected transactions include drilling partnerships with operators, joint-bid acquisitions with public and private companies, as well as acquisitions of AFEs, acreage, minerals, and PDP assets. - North Hudson may also target larger-scale transactions potentially with other affiliates. - North Hudson continues its partnership with Fortuna Operating for asset acquisition and development across multiple non-operated funds. - Over the past five years, North Hudson’s non-operated funds have acquired over $1.3 billion of assets, partnering with over 30 different operators. - Mark Bisso, Managing Partner, expressed gratitude for the support of investors and operating partners in pursuing low-risk oil and gas investments. - North Hudson boasts a significant asset base, including over 1,600 horizontal non-operated wells. - Kirkland & Ellis LLP served as legal counsel for Production Partners V. - North Hudson focuses on opportunistic upstream and midstream energy investments in North America. - The Firm's portfolio includes assets in various regions, including the Permian Basin and Canada.

North Hudson Announces Final Closing of Production Partners V with $344 Million of Commitments

News provided by North Hudson Resource Partners

May 20, 2025, 09:00 ET

HOUSTON, May 20, 2025 /PRNewswire/ -- North Hudson Resource Partners LP ("North Hudson" or the "Firm"), a Houston-based energy investment firm, announced its final closing of its fifth non-operated oil and gas fund, North Hudson Production Partners V LP ("Production Partners V" or the "Fund"). The Fund closed at its hard cap with $344 million in equity commitments, inclusive of the general partner's commitment. This closing brings the Firm's total assets under management to $1.4 billion.

The Fund will target a broad range of non-operated acquisitions in the U.S. and Canada, ranging from $1 million to over $150 million. Transactions are expected to include drilling partnerships with operators, joint-bid acquisitions with both public and private companies, as well as acquisitions of AFEs, acreage, minerals, and PDP assets. The Fund, potentially together with other North Hudson affiliates, may also target larger-scale transactions. North Hudson will continue its successful partnership with Fortuna Operating, who manages the acquisition and development of assets across multiple North Hudson non-operated funds.

Over the past five years, North Hudson's non-operated funds have acquired over $1.3 billion of assets and partnered with over 30 different operators on the development of their assets. North Hudson believes Production Partners V presents an opportunity for North Hudson to seek to build upon the successes of its four prior non-operated funds.

"We are grateful for the continued support of our investors and our operating partners as we seek to deploy capital in a creative, low-risk approach to oil and gas investment" said Mark Bisso, Managing Partner. "We believe our significant asset base, which includes over 1,600 horizontal non-operated wells, in addition to our transaction history and network, have made us an effective partner for operators and working interest owners seeking a partner to enhance their assets. We look forward to continuing to expand those relationships."

Kirkland & Ellis LLP served as legal counsel for Production Partners V.

About North Hudson

North Hudson Resource Partners LP is a Houston-based energy investment firm focused on opportunistic upstream and midstream energy investments in North America. With over $1.4 billion of assets under management as of May 15, 2025, North Hudson's private equity platforms own both non-operated and operated oil and gas assets. Its current portfolio includes assets in the Permian Basin, Williston Basin, Haynesville Shale, Utica Shale, Canada, DJ Basin, and San Juan Basin.

SOURCE North Hudson Resource Partners