Invito Energy Partners (IEP), an energy investment management firm, has launched a $20 million private energy fund. The Tax-Advantaged Energy Fund (TAEF) is focused on direct investments into drilling of oil and natural gas wells. The TAEF fund will predominately be investing into the Permian Basin in New Mexico and Texas.
IEP, through the TAEF fund, provides accredited and high-net-worth-investors the opportunity to invest, through a partnership structure, directly into oil and gas wells. Tax advantages are available to partnerships on a pass-through basis, thereby offering some of the most robust tax breaks among all investment types.
“When structured correctly, direct energy investments provide the investor with portfolio diversification, tremendous tax deductions, and an income stream from distributions,” said Steve Blackwell, CEO of Invito Energy Partners.