Launches Second Energy Credit Focused Partnership
Vitol, a leader in energy and commodities, and Breakwall Capital (“Breakwall”), a credit investment firm that services the energy industry, announced today the formation of Valor Mining Credit Partners, L.P. (“VMP” or the “Partnership”).
VMP will seek to make structured credit investments in mining companies in the Americas. It will primarily target event-driven financing opportunities focused on debt refinancing, acquisition funding, and development capital, providing companies with flexible solutions to accelerate growth and drive shareholder value.
VMP will be managed by Breakwall, which has an established track record of successfully investing credit capital across all aspects of energy and energy-adjacent value chains and of facilitating the growth and improvement of conventional, renewable, and “next generation” energy companies. This is the second energy credit focused partnership between Vitol and Breakwall. Valor Upstream Credit Partners, L.P. (“VCP”), which is focused on North American upstream oil and gas credit investments, has made over $1 billion in commitments since its launch in June 2023.
Christopher Abbate, Jamie Brodsky, and Daniel Flannery, the Managing Partners of Breakwall, stated: “We are thrilled to partner with Vitol on this new investment strategy. The mining of natural resource deposits and raw materials is a critical, capital-intensive business, and a funding gap exists as the lending landscape is challenged by a lack of capital availability from banks and other direct lenders. We see a tremendous opportunity to bridge an unmet need in the marketplace by providing well-structured credit solutions, as we look to deploy innovative capital solutions across all facets of the energy value chain.”
Ben Marshall, Head of the Americas, Vitol, added: “With the launch of VMP we look forward to expanding our investments in the energy and mining sectors, in partnership with Breakwall. Vitol has long been committed to investing in solutions across the energy spectrum, from traditional solutions to renewables, and we are keen to deploy our capital across a range of opportunities.”
Vinson & Elkins LLP served as legal counsel to Vitol and Latham & Watkins LLP served as legal counsel to Breakwall on the formation of VMP.
Please direct all VMP business development inquiries to info@breakwallcap.com.
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