Altira closes new fund

Altira Group

Altira Group has closed the Altira Technology Fund VI LP in a partnership with a select group of US super independent oil and gas companies and private institutional investors with deep energy backgrounds. 

Fund VI was formed with a strategy of actively collaborating with oil and gas companies as investment partners. With approximately $30 billion in combined annual capital spend, Altira's industry partners will help validate products and services, and serve as prospective customers for the fund's portfolio companies.       

Fund VI will focus on venture growth investments in oilfield technology and advantaged service companies. It will invest in businesses with offerings that can be quickly adopted and scaled with its oil and gas partners, and will primarily address the challenges of the unconventional plays in North America. Fund VI has made its first investment in Infrastructure Networks Inc., a Houston-based communications services company that is deploying secure 4G LTE private networks across the major oil and gas basins in the US.

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