IRON HORSE ENERGY FUND II
Own Direct Working Interests in U.S. Oil & Gas Production
Invest in a diversified portfolio of non-operated working interests across proven U.S. basins, designed for monthly income, early capital return, and meaningful tax advantages.
$5M
Fund II Target Raise
$50K Minimum
2–3x
Target Return
~90%
Estimated Year-One K-1 Tax Loss
5–7+ Years
Hold Period
Monthly Distributions Once Commenced
$100M
Fund | $50K Minimum
2.2–3.5x
Target Return (inclusive of tax benefits)
80–90%
Year-One Tax Deductions
(IDC + TDC)
5–7 Year
Hold | Monthly Distributions
Reg D 506(c) | Accredited Investors Only | Offering Closes November 30, 2026
LIVE INVESTOR WEBINAR
Learn about Iron Horse Energy Fund II, the investment strategy, potential tax advantages, and how accredited investors can participate.
Date & Time
October 8, 2026
5:30 PM PT / 8:30 PM ET
Duration
30 minutes
+ 15 min Q&A
Audience
Accredited Investors
Limited Seats
Why Investors Are Considering Iron Horse Energy Fund II
Front-Loaded Capital Return
Targeting up to 50% of invested capital returned within Year 1.
Monthly Passive Income
Monthly distributions are expected once production and operator payments commence.
Tax-Advantaged Structure
Approximately 90% estimated Year 1 K-1 tax loss through IDCs, TDCs, and other eligible expenses.
Diversified Portfolio
Exposure across multiple operators, basins, and newly drilled wells to reduce single-asset concentration.
Inflation-Resistant Real Assets
Commodity-backed cash flow tied to domestic oil and gas production.
Why Oil & Gas, Why Now?
Global energy demand continues to grow, while years of upstream underinvestment have constrained supply growth. At the same time, existing wells naturally decline, creating an ongoing need for new drilling.
Iron Horse Energy Fund II focuses on proven U.S. basins and domestic working interests, with underwriting designed to remain resilient across changing commodity prices.
Persistent Global Demand
Oil remains essential to transportation, manufacturing, and global trade.
Supply Underinvestment
Years of capital discipline have constrained new production growth.
Institutional Capital
Private equity and institutional investors are increasing exposure to U.S. energy.
Tax Advantages
Oil and gas investments may provide significant first-year deductions through IDCs and other eligible expenses.
Institutional-Quality Access to U.S. Energy
Iron Horse Energy Fund II provides exposure to non-operated working interests across proven U.S. oil and gas basins. The strategy focuses on diversification across major operators, multiple basins, and newly drilled wells, with conservative underwriting and limits on single-well concentration.
Target investments must meet disciplined underwriting criteria:
Major operators with extensive drilling experience
Proven basins: Permian, Eagle Ford, Anadarko, Niobrara, and Bakken
Approximately $40 maximum breakeven oil price
~90% Year-One K-1 loss
500–800K estimated oil EUR per well
Diversified Across Proven U.S. Energy Basins
Iron Horse Energy Fund II is designed to invest across 20 to 30 newly drilled wells, multiple operators, and several established U.S. production regions. The strategy is intended to reduce single-asset concentration while maintaining exposure to proven basins and experienced operators.
20–30 Wells
Newly drilled wells targeted
5 Proven Basins
Permian,
Eagle Ford, Anadarko,
Niobrara & Bakken
~$40
Maximum breakeven oil price
~10%
Maximum ownership per well
$65 / $3.50
Oil / Gas underwriting assumptions
Powerful Tax Benefits Unique to Energy
Oil and gas investments may generate significant first-year deductions through Intangible Drilling Costs, Tangible Drilling Costs, and depletion allowances. Tax treatment varies by investor and should be reviewed with a qualified tax advisor.
90%+
Estimated Year 1 K-1 Tax Loss
IDC
Intangible Drilling Costs
Non-recoverable drilling expenses may be deductible in the year incurred.
TDC
Tangible Drilling Costs
Physical equipment is capitalized and depreciated over 7 years.
15%
Depletion Allowance
Potential exclusion of 15% of gross production income from taxation.
Experienced Team.
Disciplined Risk Management.
Our proven track record speaks to decades of disciplined execution and risk management in
the energy sector.
200+
deals
1,200+
wells
200M+
BBL Oil
750+
BCF Gas
1,100+
Investors
<1%
Commercial Failure Rate
Risk Mitigation Strategies
Diversification across wells, basins, and operators
Low breakeven thresholds
Contingency reserves for temporary price pressure
Major operators in proven production regions
Zero Capital Calls to Investors
A potential capital call occurred in a prior deal, but the GP team covered it rather than passing it on to investors. This experience helped reinforce the move toward a diversified fund structure.
Proven Basin Focus
The strategy emphasizes established U.S. basins, experienced operators, and diversified well exposure to reduce dependence on any single asset.
Fund Terms
Structured to align investor and GP interests through performance-based distributions.
Reg D 506(c)
Accredited Investors Only
Offering Closes November 30, 2026
Raise Amount
$5 Million
Minimum Investment
$50,000
Target Return
2–3x
Hold Period
5–7+ Years
Until production trails
Year-One Tax Loss
90% of Investment
Estimated K-1 tax loss
Distribution Frequency
Monthly
Once commenced
Estimated Return of Capital
~2.5 Years
Waterfall
90/10 to 0.8x Equity Multiple
70/30 to 1.5x Equity Multiple
50/50 above 1.5x Equity Multiple
Your Investment Contact
Chirag helps accredited investors evaluate private investment opportunities across real estate, energy, and other alternative assets. He provides education, deal access, and ongoing investor support throughout the investment process.
The Syndication Doctor
Chirag Chaudhari
About the Fund Manager
Medicine rewards dedication but demands sacrifice. Long hours, high stress, and financial uncertainty make traditional investment routes feel unreliable.
As an Emergency Medicine Physician and Real Estate Coach, Chirag Chaudhari, MD founded The Syndication Doctor to provide physicians with a structured path to wealth accumulation—without active management or stock market volatility.
Frequently Asked Questions
Who can invest in Iron Horse Energy Fund II?
The offering is available to accredited investors only under Rule 506(c) of Regulation D. Accreditation verification is required before investing.
What is the minimum investment?
The minimum commitment is $50,000. The fund is targeting a $5 million raise.
What is the expected hold period?
The estimated hold period is 5 to 7+ years, depending on production performance and the life of the underlying wells.
How often are distributions paid?
Distributions are expected monthly once operator payments begin. Timing depends on production and operator distributions.
What are the projected returns?
The fund targets an illustrative 2–3x return, depending on investment class and actual performance. Target returns are based on underwriting assumptions and are not guaranteed.
What are the potential tax benefits?
Fund II estimates a Year 1 K-1 tax loss of approximately 90% of the investment. Actual tax treatment depends on each investor’s individual situation, so investors should consult their tax advisor.
How do I invest?
Review the deal materials, access the deal room, submit your commitment, complete the investment documents and accreditation verification, then fund your investment by ACH or wire.
When does the offering close?
The current offering close date is November 30, 2026, subject to availability and the fund reaching its target raise.
What are the main risks?
Oil and gas investments are speculative and involve substantial risk, including commodity price changes, drilling and production risk, delays, and the possible loss of capital. Actual results may differ materially from projections.
Where can I review the full investment details?
Investors can review the deal deck, investment calculator, fund terms, and additional materials before deciding whether to participate.
Reserve Your Allocation
Commitments are accepted on a first-come, first-served basis until the $5 million fund is fully subscribed or the offering closes November 30, 2026.
1. Review the offering materials
2. Submit your commitment through the deal room
3. Complete accreditation and subscription documents
4. Fund your investment by wire or ACH
IMPORTANT DISCLOSURE: This offering is made available to accredited investors only under Rule 506(c) of Regulation D. All investments involve risk and may result in partial or total loss of capital. Past performance does not guarantee future results.
Securities offered through Vector Capital, LLC. This material is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy securities. Please read the Private Placement Memorandum carefully before investing.
© 2025 Iron Horse Energy Fund I. All rights reserved. |For accredited investors only
IMPORTANT DISCLOSURE: This offering is available only to accredited investors pursuant to Rule 506(c) of Regulation D. Investing involves substantial risk, including the possible loss of capital. Past performance does not guarantee future results.
This material is for informational purposes only and does not constitute legal, tax, or investment advice. Investors should review the final offering documents and conduct their own due diligence before investing.
© 2026 Iron Horse Energy Fund II. All rights reserved. For accredited investors only.