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ADIC Sues EMG Over Ascent Resources Fund Dispute

1/14/2026

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Summary

Story summary

Abu Dhabi Investment Council (ADIC) is suing to block Energy & Minerals Group (EMG) from moving Ascent Resources into a continuation fund amid valuation disagreements.
Kirkland & Ellis faces criticism for dual roles representing Ascent's board and advising EMG.
Mason Capital Management alleges the board did not consider IPO options.
Mason Capital Management has proposed a fully financed cash offer for Ascent.

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Story summary

Abu Dhabi Investment Council (ADIC) is suing to block Energy & Minerals Group (EMG) from moving Ascent Resources into a continuation fund amid valuation disagreements.
Kirkland & Ellis faces criticism for dual roles representing Ascent's board and advising EMG.
Mason Capital Management alleges the board did not consider IPO options.
Mason Capital Management has proposed a fully financed cash offer for Ascent.