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Altira Group Closes Fund Focused On U.S. Basins

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March 18, 2014

Altira Group LLC closed its fund, Altira Technology Fund VI LP in a partnership with certain U.S. independent oil and natural gas companies and private institutional investors, the company said March 17.

The fund made its first investment in Houston-based Infrastructure Networks Inc., which will distribute secure 4G LTE networks across major U.S. oil and natural gas basins, Altira Group said.

The fund was formed through oil and gas companies that were investment partners, the company added.

The industry partners have about $30 billion in combined annual capital spend, Altira ...

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