Entoro Capital announces the launch of its private securities platform, OfferBoard, targeting energy/infrastructure-focused accredited investors and qualified institutional buyers.
The platform is designed to let issuers rapidly communicate and promote the distribution of their energy-related investment offerings to the family office, institutional, international, private equity sponsor and traditional energy-sector investment communities. Issuers include companies and funds from the E&P, oilfield services, renewables, power, midstream and downstream subsectors. OfferBoard Direct Deal Issuers are pursuing capital raises with targets between $5 million and $100 million, while fund issuers seek capital investments from $25 million to $500 million.
The OfferBoard platform offers participants immediate, global access to both capital and deal flow. For the issuer, OfferBoard is a pipeline for direct access to thousands of interested Investors, with new Investors registering daily, according to Entoro Capital. For the investor, OfferBoard is the confidential, secure, highly efficient and user-friendly platform for direct investments into energy projects previously reserved for larger entities, the company said. According to the company, Offereboard is intended to ease the interaction between issuers and investors by ensuring real-time deal tracking and analytics, lower overall costs, heightened confidentiality and detailed transaction vetting.
"The OfferBoard portal allows capital groups around the world to exponentially increase their exposure to quality opportunities in the energy market and allows our bankers to spend much more time servicing our clients; that's what's important," said Entoro's managing partner James C. Row.
The following sample Entoro transactions are currently available on OfferBoard:
- Falcon Seaboard (Permian Fund I) – $145 million Permian co-investment drilling and development fund;
- Hefner Energy (The Minerals Company III) – $40 million Oklahoma Scoop/Stack minerals;
- Oleum Petroleum – $15 million Texas Gulf Coast operator with current production to increase production;
- Montego Minerals V – $25 million West Texas/Permian focused minerals; and,
- Viridis Petroleum – $20 million Oklahoma natural gas operator.
Issuers are offering investment opportunities in their businesses or funds that may be equity or debt, or another structured finance instrument. Transactions on OfferBoard are asset heavy, with current or near-term projected cash flow.
"Our goal is to originate and offer the best energy transactions with great distribution," Row said. "The OfferBoard technology is the future of raising capital. It's simple - Issuers want faster and better distribution, whereas Investors want lower costs, professionally vetted transactions, comparable deal flow, and centralized ease of use."
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