Westwood Holdings Group closes Westwood Energy Secondaries Fund II

Westwood Holdings Group (WHG) announced the final close of Westwood Energy Secondaries Fund II, LLC and two related co-investment funds, with over $300M in capital commitments raised. The capital raise far exceeded Westwood’s target of $150M and reflects continued investor interest in Westwood’s energy secondaries business. Since Westwood’s launch of its initial flagship energy secondaries fund in 2023, the firm has raised nearly $350M and has invested over $250M across two energy secondaries flagship funds and three co-investment funds. WES II aims to achieve attractive, risk-adjusted returns through investments in a diversified portfolio of energy-focused secondary and continuation fund opportunities. WES II’s primary focus is on investing in 7-12 year-old limited partnership interests at a significant discount in the secondary market, in addition to general partner led continuation fund portfolio company investments in upstream, midstream and oil-services companies. The Funds are designed to provide liquidity to institutional investors while partnering with best-in-class energy private equity sponsors in mature LP portfolios and continuation funds. The Funds deployed $200M in energy investments in 2025 and have approximately $100M remaining to deploy in 2026.