Passport Capital, Sun Capital veteran launches Acceleration Resources with $21 mln
Acceleration Resources LLC has raised its inaugural fund, Acceleration Resources I LP, with US$21 million, in an effort led by a veteran of Passport Capital LLC and Sun Capital Partners Inc, according to public filings and a person familiar with the firm. The fund is focusing on Canada, a rich source of fossil fuel for export to the United States and elsewhere. The money raised will be used to fund up to US$52 million in horizontal drilling at the Notikewan, Falher and Cardium formations in Alberta.
15 October 2013•2 mins read
