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Alternative Assets  + Real Assets  | 
Vitol, RCP Form Energy-Focused Valor Upstream Credit Partners

Vitol, RCP Form Energy-Focused Valor Upstream Credit Partners

Vitol, an independent energy trading company, and Riverstone Credit Partners, a credit investment platform focused on energy and the energy transition, have formed Valor Upstream Credit Partners LP.

VCP will 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. VCP will be managed by RCP.

“Since inception (2014), RCP has successfully committed over $1 billion of capital to support North American upstream oil and gas companies. As traditional capital providers continue to exit the space, we see tremendous opportunities to partner with operators in growing critical energy resources,” said Christopher Abbate and Jamie Brodsky, Co-Heads of RCP.

RCP has committed approximately $5.1 billion of capital to over 60 portfolio companies. Riverstone Holdings was founded in 2000 by David Leuschen and Pierre Lapeyre with approximately $43 billion of capital raised.

Vinson & Elkins LLP served as legal counsel to Vitol and Latham & Watkins LLP served as legal counsel to RCP on the formation of the Fund.

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VitolRiverstone Credit Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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