Spicewood Mineral Partners has held a final closing for its Spicewood Mineral Partners with $250 million of total capital commitments.
The fund was substantially oversubscribed and exceeded its target of $200 million. Spicewood attracted backing from a diverse group of limited partners in the United States, including endowments, foundations, fund of funds, RIAs and family offices.
“We are thankful for the support and confidence of our partners in this first outside capital fund,” said John Golden, Partner and Co-Founder of Spicewood. “Our team continues to believe in the highly attractive risk return profile of U.S. mineral assets, including Spicewood’s differentiated investment strategy, focusing on the acquisition of core assets at a value basis.”
With the Fund complete, along with two additional co-investment vehicles, Spicewood has raised approximately $400 million since December of 2020. The company has already invested roughly $270 million of the
