TPG Launches Natural Gas Venture With $1B Investment

Law360, New York (November 9, 2011, 5:06 PM EST) -- The buyout arm of global private equity firm TPG Capital has partnered with oil exploration and production entrepreneurs Dan Allen Hughes and Thomas M. Hart for an initial $1 billion investment in a new natural gas venture, the parties said Wednesday.

TPG, Hughes and Hart will create Maverick American Natural Gas with the purpose of acquiring and operating North American properties with access to natural gas. Financial details of the transaction were not immediately disclosed.

“With the backing of TPG, Maverick will focus on acquiring and...
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