Tallgrass Minerals
Permian Royalty Income III
OpenRule 506(c)Accredited investorsFund (LP)
Energy & royalties
Summary
Mineral and royalty interests under active operators in the Delaware and Midland basins. No drilling capital or operating cost exposure.
Highlights
- Royalty interests only, no working-interest cost exposure
- Diversified across 1,200+ producing wells
- Potential depletion allowance for investors
Key terms
| Offering type | Rule 506(c), Regulation D |
|---|---|
| Structure | Fund (LP) |
| Target return | 10% target cash yield |
| Minimum investment | $25K |
| Raise size | $25M |
| Term | Perpetual, 5 yr liquidity |
| Distributions | Monthly |
| Final close | Jan 17, 2027 |
| Management fee | 1.0% |
| Carried interest | 10% over 8% pref |
| Hedging | None; unhedged commodity exposure |
Risks
Private placements are illiquid, speculative, and may lose some or all of the capital invested. Targets are not guarantees. Read the Private Placement Memorandum in the data room before investing.