SWGP Closes First Fund With Over $25 Million Raised
Attracted broad investor base across New Mexico, California and Texas.
SANTA FE, NM— Southwestern Growth Partners (SWGP), a private equity firm based in Santa Fe, New Mexico, closed Taos Resources Fund I LLC (the “Fund”) on September 30, 2013. SWGP raised $25.73 million from over 30 investors based in New Mexico, California and Texas.
This first fund for SWGP is the foundation for the firm’s Oil and Gas Platform. In June of this year, the Fund acquired Taos Resources (formerly Future Petroleum), a Houston-based oil and gas exploration and production company. SWGP engaged Logan Magruder, former head of Chief Oil and Gas and Quantum Resources to lead its Oil and Gas Platform and serve as CEO of Taos Resources.
Founding partner Morgan Booth commented, “We are humbled by the confidence our investors have shown in SWGP’s vision for an oil and gas platform. We have an impressive roster of individuals supporting our efforts, from former heads of multi-billion dollar oil and gas companies to seasoned private equity investors. In line with our vision to resurrect small, capital starved companies throughout the region, we view Taos Resources as a transformative opportunity.”
As we continue to look for under the radar private investment opportunities, build our Oil and Gas Platform, and grow assets under management, SWGP has partnered closely with energy industry veterans David Heikkinen of Heikkinen Energy Advisors and John Donovan of Donovan Capital.
About Southwestern Growth Partners
Southwestern Growth Partners is a private equity firm based in Santa Fe, New Mexico. It also has an office in Houston, Texas. The firm was founded in 2012 by Morgan Booth, David Eberstein and Edward Tinsley.