Rising Phoenix Capital Announces Successful Full-Cycle Exits Across Multiple Mineral Funds in 2025

DALLAS–(BUSINESS WIRE)–Rising Phoenix Capital, an alternative investment firm operating under Rising Phoenix Resources, today announced the successful full-cycle exits of multiple oil and gas mineral investment funds during 2025, marking a significant milestone for the firm’s income-focused mineral platform.

During the year, Rising Phoenix Capital fully divested three mineral-focused vehicles – Rising Phoenix Opportunity Fund I, LLC; Rising Phoenix Royalty Fund III, LP; and Rising Phoenix Opportunity Fund III, LLC – collectively monetizing approximately $28.5 million in producing mineral assets across several major U.S. basins.

Across these exits, investors realized an average net equity multiple of approximately 1.51x, with portfolio-level returns generating net internal rates of return averaging approximately 12 percent. The outcomes reflect Rising Phoenix Capital’s disciplined focus on Proved Developed Producing (PDP) mineral assets designed to deliver stable cash flow without drilling or operating risk.

“These results are exactly what our strategy is built to deliver,” said Jace Graham, Founder and CEO of Rising Phoenix Capital. “We focus on acquiring cash-flowing mineral assets at attractive bases, managing them conservatively, and exiting when market conditions and operator activity align. Seeing multiple funds go full cycle in the same year validates that approach.”

PDP-Focused Strategy Across Core U.S. Basins

The exited assets were diversified across established producing regions, including the Permian Basin, Eagle Ford Shale, Barnett Shale, Haynesville Shale, DJ Basin, and the Marcellus and Utica Shales, and were operated by well-capitalized, top-tier operators.

Rising Phoenix Capital’s PDP strategy prioritizes existing production to generate consistent monthly income while preserving downside protection through commodity cycles. Embedded upside is achieved through operator-led development activity, such as infill drilling or additional zones, without requiring incremental capital from mineral owners.

Direct-to-Owner Origination

A core differentiator of Rising Phoenix Capital is its direct-to-mineral-owner acquisition model, often referred to internally as its “heavy ground game.” By sourcing assets directly from mineral owners rather than competing for widely marketed packages, the firm is able to acquire assets at more favorable valuations and maintain consistent deal flow across market cycles.

“Our edge has always been origination,” Graham added. “Direct relationships with mineral owners allow us to stay disciplined and selective, even in competitive environments.”

About Rising Phoenix Capital

Rising Phoenix Capital operates under Rising Phoenix Resources, a boutique alternative investment firm specializing in the sourcing, acquisition, and management of real assets, including oil and gas minerals and royalties, non-operated working interests, real estate, and private credit strategies.

For more information, visit www.rising-phoenix.com.

Contacts

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