Avant Natural Resources Closes Oversubscribed Fundraise With Over $1 Billion of Aggregate Commitments

DENVER--(BUSINESS WIRE)--Avant Natural Resources (“Avant”) today announced the 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 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.

Avant received strong commitments from legacy investors who participated in predecessor funds and welcomed new commitments from a diverse base of 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 closed on a sale of Delaware Basin upstream and infrastructure assets in an all-cash sale to Coterra Energy Inc. for $1.45 billion.

“We are grateful for the continued confidence of our long-term partners and are pleased to welcome several new investors to the Avant platform,” said Jacob Nagy, founder and co-CEO of Avant Natural Resources. “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.”

“Our investors recognize our ability to assemble high-quality operated acreage on an efficient and consistent basis,” added Skyler Gary, founder and co-CEO of Avant Natural Resources. “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.”

Kirkland & Ellis LLP served as legal counsel for Avant Natural Resources Fund II, LP.

About Avant Natural Resources

Avant Natural Resources is an investment firm focused on upstream and infrastructure investments, primarily in the Permian Basin. Founded by Jacob Nagy and Skyler Gary, Avant has assembled an experienced team with deep operational, exploration and energy finance backgrounds. For more information, visit avantnr.com.