Latham & Watkins Advises Riverstone Credit Partners in Formation of Valor Upstream Credit Partners, L.P.

Riverstone Credit Partners (RCP), a dedicated credit investment platform focused on energy and the energy transition, and Vitol, the largest independent energy trading company globally, announced the formation of Valor Upstream Credit Partners, L.P. (VCP or the Fund). VCP will seek to make structured credit investments in North American upstream oil and gas companies. The Fund will primarily target event-driven financing opportunities focused on debt refinancing, acquisition funding, and development capital providing companies with a flexible solution to accelerate growth and drive shareholder value.

Latham & Watkins LLP represented RCP in the fund formation with an Investment Funds team led by Washington, D.C. partner Amy Rigdon, with associates Ali Beidoun and Sandile Magagula. New York partner Michael Milazzo and Washington, D.C. partner Cheryl Coe advised on tax matters, and Washington, D.C. partner Adam Kestenbaum advised on benefits matters.