Fundraising - JANUARY 29, 2014

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AENO raises $500m for U.S. drilling investment

by Andrea Waitrovich

American Energy – NonOp, an affiliate of American Energy Partners, has raised $500 million in equity commitments to pursue a business plan focused on the acquisition of non-operated working interests in various onshore basins in the United States.

AENO's exclusive private equity investor is Houston-based The Energy & Minerals Group. EMG manages a family of funds that invest in the energy and minerals sectors and have over $8.2 billion of assets under management.

American Energy Partners launched in 2013 by Aubrey McClendon. McClendon was the founder and former CEO of Chesapeake Energy. He left the firm in January 2013. McClendon was under investigation by the SEC, and media outlets reported a controversial perk that granted McClendon a share in each of Chesapeake’s nat

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