Vinson & Elkins Advises Vitol Inc. on Breakwall Capital Upstream Credit Fund

By Karen Roman

Vinson & Elkins said the firm advised Vitol Inc. in the creation of Valor Upstream Credit Partners II, L.P., a partnership with Breakwall Capital LP.

Valor Upstream will focus on structured credit investments in North American upstream oil and gas companies targeting event-driven financing opportunities like debt refinancing, among others, it stated.

The Vinson & Elkins Investment Funds team was led by partners Matt Hortenstine and Robert Seber, with assistance from partners David Peck, Todd Way, and Curt Wimberly (Tax), the firm said.

“The rapid deployment of VCP I underscores the strength of our partnership with Breakwall and the sustained demand for flexible, structured capital in North American upstream,” said Ben Marshall, Vitol’s Head of the Americas. “With VCP II, we are well positioned to build on that momentum and provide differentiated capital solutions across the sector.”

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