Vinson & Elkins advised Vitol, the largest independent energy trading company globally, in the formation of Valor Upstream Credit Partners, L.P. (“VCP” or the “Fund”) with Riverstone Credit Partners, a dedicated credit investment platform focused on energy and the energy transition.
VCP will seek to make structured credit investments in North American upstream oil and gas companies. The Fund will primarily target event-driven financing opportunities focused on debt refinancing, acquisition funding, and development capital providing companies with a flexible solution to accelerate growth and drive shareholder value.
The Vinson & Elkins corporate team was led by Robert Seber and Matt Hortenstine, and the tax team was led by Todd Way, David Peck and Curt Wimberly.
