LongPoint Minerals LLC - 2016-06-08

Closed initial capital raise. The lead commitment of $450 million came from an affiliate of CPPIB Credit Investments Inc., a subsidiary of the Canada Pension Plan Investment Board. Third-party investors provided $75 million, and there will be a second closing within 60 days for up to $200 million in additional commitments. Recently formed LongPoint will acquire oil and gas mineral interests in focus on the Midcontinent, Permian and D-J basins, and later will expand to the Marcellus and Utica basins and East Texas. Jefferies LLC was LongPoint’s financial adviser, and Andrews Kurth LLP was its legal adviser.