The University of Alabama System has greenlighted a commitment of up to $15 million to Scout Energy Partners VI, according to recent reports.
Scout is a private energy producer focused on the acquisition of upstream energy assets and associated midstream infrastructure. Scout targets mature, long-lived existing production primarily in conventional onshore basins throughout the United States, according to the firm’s website.
Scout assets generate returns through periodic distributions and exits, and the fund provides long-term commodity price exposure to oil, gas and natural gas liquids. The fund may reinvest capital into development projects with high return hurdles and seeks to distribute remaining cash flows to investors.
