Westwood Holdings Group Inc. Closes Successful Fundraising for Energy Secondaries Fund

Westwood Holdings Group Inc. (NYSE: WHG), a boutique asset management firm with a robust portfolio exceeding $18 billion in assets under management and advisement, announced significant success in its latest fundraising initiative. On January 14, 2026, the firm revealed the final closing of the Westwood Energy Secondaries Fund II, LLC, along with two related co-investment funds, collectively known as WES II. The fundraising exceeded expectations by raising over $300 million—well above the initial target of $150 million—indicating a strong and growing investor interest in Westwood’s energy secondaries strategy.

The newly established WES II aims to generate attractive, risk-adjusted returns by investing in a diversified portfolio of secondary and continuation fund opportunities focused on the energy sector. Specifically, the Fund targets limited partnership interests aged 7-12 years, which can be acquired at a significant discount in the secondary market. This approach is complemented by opportunities in general partner-led continuation fund portfolio companies, spanning upstream, midstream, and oil-services sectors.

Since launching its first flagship energy secondaries fund in 2023, Westwood has successfully raised nearly $350 million and has invested over $250 million across its energy secondaries flagship funds and co-investment opportunities. The momentum is set to continue, as WES II has deployed $200 million in energy investments during 2025, with approximately $100 million still available for deployment in 2026.

The final close of WES II marks a pivotal achievement for Westwood Holdings, as it attracted commitments from a wide array of investors. This includes institutional allocators, registered investment advisors (RIAs), family offices, and high-net-worth individuals. “We are very pleased by the reception our WES II Fund received from returning and new investors, leading us to double our initial capital target in 2025,” expressed Brian O. Casey, CEO of Westwood.

Casey emphasized the importance of the partnerships established within the energy private equity sector, highlighting the firm’s excitement about the growth opportunities that lie ahead in 2026.

WES II is the second iteration of Westwood's dedicated energy secondaries strategy, benefiting from a team with decades of experience in the energy sector. This seasoned group draws on long-standing relationships with general partners (GPs) and limited partners (LPs), coupled with a disciplined underwriting approach.

Gregory A. Reid, President of Real Assets and Portfolio Manager for WES II, commented on the current state of the energy secondaries market. He stated, “The energy secondaries and continuation fund market is experiencing rapid growth driven by evolving capital needs in the industry and institutional investors’ increased demand for liquidity solutions on mature, cash-flowing energy assets.” Reid noted that the Funds are poised to explore diverse opportunities within the energy landscape while collaborating with high-quality sponsors seeking strategic secondary capital.

With WES II's successful fundraising and the strategic focus on energy secondaries, Westwood Holdings Group is positioning itself to meet the evolving needs of institutional investors. The firm’s commitment to delivering tailored investment solutions reflects its adaptive approach to the ever-changing market landscape. As the energy sector continues to evolve, Westwood’s innovative strategies and strong investor relationships will likely play a crucial role in its continued growth and success in the years to come.

For more insights into Westwood's diverse investment strategies and offerings, interested parties can visit their official website.