Springbok Energy Partners LLC launched its next fund, the company said May 28. Springbok invests in mineral and royalty interests in mature and emerging unconventional U.S. plays.

The fund will invest in a new strategic partnership formed between Springbok's management and Natural Gas Partners (NGP). This is NGP’s only mineral and royalty acquisition-focused partnership, Springbok added. The fund seeks capital commitments from third-party institutional and high-net-worth investors.

Ryan Watts, Springbok’s president, leads the management team with experience investing in oil and gas mineral and royalty assets. Watts became president of private investment firm Addax Minerals when it opened in 2010. As president of Addax he has been involved in firm strategy, acquisitions and operations. Addax’s full technical, operational and acquisitions team came to Springbok, the company added.

“It’s an honor to partner with the premier private-equity firm focused on the energy industry. I believe our partnership will drive investment opportunities for both NGP and Springbok,” Watts said.

Willkie Farr & Gallagher LLP represented Springbok in its joint venture with NGP. Thompson & Knight LLP represented NGP in the transaction.

Springbok Energy Partners is based in Dallas.