Energy Founders Fund LP
Description
A private oil and gas company backed by Energy Founders Fund LP (EFF) closed a bridge loan last month used to buy nonop assets.
EFF is the private-equity fund of Houston-based Donovan Ventures LLC that focuses on providing early-stage growth capital to energy companies seeking less than $5 million.
The bridge loan, for $7 million, closed on April 30 from Production Lending LLC, another Houston-based specialty finance capital provider catering to small oil and gas companies.