GasRock Capital

GasRock Capital LLC is an energy industry mezzanine investment firm. It was founded in mid-2005 to invest in oil and gas development drilling projects and property acquisitions as well as mid-stream natural gas projects such as pipelines, gathering systems, and storage and processing facilities. GasRock targets investments of $5 to $100 million or more in the form of mezzanine debt or project equity in companies or projects managed by both newly formed and long established companies.

Investments are usually structured as non-recourse to the sponsors, with royalty or other equity kickers. GasRock will consider either senior or subordinated debt investments. A GasRock financing supports a much faster pace of development, and allows the owners of the project to keep a much higher percentage of the profits they create than they would with equity or industry partner funding – often 80% or more. GasRock aims to be especially responsive to transaction requirements such as short time fuses and to gain a reputation for closing investment transactions relatively quickly and without changes from the initially agreed upon terms.