Dallas-based Rising Phoenix Capital has launched a $20 million mineral and royalty fund, the La Plata Peak Income Fund, according to a Feb. 5 press release.

Rising Phoenix Capital said the fund offers accredited investors the ability to invest directly in producing, cash-flowing oil and gas mineral assets. The firm’s income strategy focuses on acquiring producing royalties in plays such as the Permian and Denver-Julesburg basins and the Haynesville, Marcellus and Eagle Ford shales. The interests provide “consistent cash flow with no drilling risk,” according to the press release.

“We have several industry investors in our funds, and we’re excited to roll this one out in front of our peers and colleagues at the 2025 NAPE Summit,” said Jace Graham, CEO of Rising Phoenix Capital. “There’s no other investment quite like this, where someone can walk up to us and invest directly into a professionally managed, high-yield oil and gas royalty fund. Our goal is to provide transparency, accessibility, and strong returns in a sector that has traditionally been out of reach for individual investors.”

Founded on a legacy of industry expertise, Rising Phoenix Capital’s past funds have delivered annualized returns exceeding 17%, according to the press release.

The firm’s structured approach provides monthly income distributions and leveraging its ground game acquisition strategy, the company said.

Rising Phoenix Capital said the fund is its ninth.