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Fortress and IOG close USD330m oil and gas investment partnership

IOG Capital has closed on its USD330 million oil and gas investment partnership with funds and accounts managed by affiliates of Fortress Investment Group. 

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

IOG Capital is a private investment firm located in Dallas, Texas with over USD700 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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