Private credit for Venezuela’s energy sector
10North Capital originates receivables, equipment, and special situations credit across the Venezuelan oil and gas industry.
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Our clients
Institutional capital Short-dated receivables, equipment and trade credit in Venezuela’s energy sector, plus special situations, underwritten and documented under U.S. law. Upstream operators Supplier finance and equipment financing that give the supply chain early liquidity without altering underlying contract terms. Oilfield contractors and suppliers U.S. dollar financing against confirmed invoices, contracted equipment and cross-border trade.Proven execution
US$550 million
closed in Venezuelan oil & gas since 2021 by the partners
US$4 billion
in advised transactions in the region
45 years
of combined experience
The underwriting engine
10North Capital acts as a principal underwriter, structuring, documenting, and servicing the assets. Every position must clear four institutional gates before capital moves.
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Direct verification
Confirmed directly with the obligor and reconciled against internal accounts payable prior to funding.
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U.S. jurisdiction
Documented under U.S. law; settled in U.S. dollars through U.S. financial institutions.
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Sanctions clearance
Formally cleared by external U.S. sanctions counsel under applicable OFAC authorizations.
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Local servicing
Managed and enforced directly by the Caracas office through final realization.
This operational framework is the process the firm’s partners have utilized to close over US$550 million in local transactions since 2021.
The team
Sanctions and compliance
10North Capital transacts strictly as authorized by U.S. law and the Venezuela Sanctions Regulations administered by the Office of Foreign Assets Control (OFAC). External sanctions counsel is Pillsbury Winthrop Shaw Pittman LLP.