The Montana Board of Investments has made a commitment of US$50 million to Kimmeridge Fund VI.

Kimmeridge Energy Management Company's most recent fund, Kimmeridge Fund VI, is designed to deploy capital in the field of oil and gas exploration and production (E&P). This fund is distinctive in its emphasis on direct operatorship, which means that it actively manages and operates the oil and gas assets it invests in, rather than merely providing financial support to other operators. It is strategically focusing its investments on unconventional assets, particularly those located in the most prolific basins of North America. Unconventional assets often involve the extraction of oil and gas from shale formations, tight reservoirs, and other non-traditional sources, and they have played a pivotal role in the energy landscape. 

The commitment of US$50 million from the Montana Board of Investments underscores the confidence in Kimmeridge's investment strategy. This commitment came at a significant juncture for Kimmeridge, as it announced the successful closing of Fund VI with an impressive capital-raising achievement of over US$1 billion. These funds will be instrumental in supporting Kimmeridge's ambitious endeavors in the oil and gas industry, helping them pursue opportunities and projects in the dynamic and evolving energy sector.