About Us
Fortuna manages a portfolio of non-operated investment vehicles on behalf of North Hudson Resources Partners LP targeting high-quality oil and gas assets in North America. Each entity reflects our commitment to technical diligence, strategic partnerships, and long-term value creation. North Hudson Resource Partners LP is a Houston-based energy investment firm focused on opportunistic upstream and midstream energy investments in North America. With over $1.4 billion of assets under management as of May 2025, North Hudson’s private equity platforms own both non-operated and operated oil and gas assets.
Our approach is built on a set of clear advantages:
Creative partnership structures that maximize alignment and enable operators to execute plans efficiently
Acquiring non-core AFE's and non-operated working interests to help operators optimize budgets
Consistent hedging strategy that locks in returns and protects downside
High-quality, committed operators that align with Fortuna’s disciplined standards.
These value drivers guide every investment we make, ensuring that each vehicle is positioned for both near-term performance and long-term success.
Alberta
TNM was formed to target high-return non-operated working interests across the Delaware Basin. The company has acquired and developed assets focused on the Wolfcamp and Bone Springs formations in Texas and New Mexico.
Operating Partners: 24
Wellbores: 856
Fortuna III was formed to pursue non-operated oil and gas investments across the Delaware Basin. The company acquired interests or participated in over 400 wells operated by 11 top-tier partners. All assets were fully divested in 2023.
Fund III was raised to pursue non-operated oil and gas opportunities in North America. The vehicle deploys capital alongside selected operators with proven track records and scalable drilling programs.
Operating Partners: 14
Wellbores: 435
Fund IV was raised in 2023 to continue the successful deployment of capital in the non-operated and mineral interest space. Fund IV expanded the platform’s largely Permian Basin asset base into Canada’s Montney/Duvernay basins, as well as the DJ, Haynesville, San Juan, Utica, and Williston plays across North America.
Operating Partners: 37
Wellbores: 816
Fund V builds on the success of Fortuna’s prior partnerships with North Hudson Resource Partners. Formed in 2025, this vehicle continues Fortuna’s disciplined approach to acquiring minority interests in horizontal development programs led by top-tier operators across North America.