Fortress and IOG Close $330 Million Oil and Gas Investment Partnership

Finance
Source: DollarPhotoClub

IOG Capital, L.P. – a private investment firm founded in 2014 by former Chesapeake Energy Corporation Chief Financial Officer, Marc Rowland – announced on Wednesday the closing of its $330 million oil and gas investment partnership with funds and accounts managed by affiliates of Fortress Investment Group LLC.

This new partnership will complement the similarly-sized partnership established with a private equity firm Metalmark Capital in September 2014.

IOG Capital is a private investment firm located in Dallas, Texas with over $700 million of deployable capital. The firm provides funding solutions to the US onshore oil and gas industry for acquisitions and development drilling through joint ventures and non-operated asset level investment.

The firm is led by Founder and Senior Managing Director, Marc Rowland, who previously served in senior executive positions with Chesapeake Energy Corporation (1993-2010) and FTS International (2010-2012).

Mr. Rowland commented, “IOG’s partnership with highly regarded investment managers such as Fortress and Metalmark allow us to provide a variety of capital solutions to established operators and other working interest owners.”

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