Post Oak Energy Capital closes third fund with $600 million in commitments
Post Oak Energy Capital, the energy-focused private investor based in Houston, has recently announced the closing of its third fund, Post Oak Energy Partners III, LP at its hard cap of US$600 million.
Post Oak Energy Partners III is the successor of Post Oak Energy Partners II, which announced its closing in February 2014 and raised also commitments totaling US$600 million.
Post Oak Energy Partners III will pursue the same strategy as the first two funds (Post Oak Energy Partners, LP and Post Oak Energy Partners II, LP) with equity investments in North American oil and gas companies, oilfield services and related infrastructure.
Funding from Post Oak will continue to be used for growth capital, development acceleration, acquisitions and re-capitalization purposes.
The composition of Post Oak’s initial funds include 16 investments: 14 regionally focused oil and gas companies, one oilfield service company and one midstream company.
Frost Cochran, Managing Director of Post Oak, said:
“We are pleased that we continue to attract some of the most experienced private energy investors in the world to invest in our funds. We see great potential to once again work with best in class management teams in identifying and capturing good value in energy assets, particularly given current industry conditions.”
Post Oak Energy Capital, LP is an energy-focused private investor based in Houston with experience and a broad network in the energy business as well as significant expertise in equity investments, operations, development, finance, acquisitions and divestitures.
Country news
-
-
May 31, 2016
Amtrak seeks developer for Chicago´s union station
Amtrak, US’s intercity passenger rail service and its high-speed rail operator, has launched a request for qualification (RFQ) to select a Master Developer for commercial elements of Chicago Union Station (CUS) and neighboring properties. Read more -
May 31, 2016
Balfour Beatty Infrastructure Partners LP invests in Texas microgrid power assets
Balfour Beatty Infrastructure Partners LP (BBIP) and Enchanted Rock, Ltd. (ERock) have announced the closing of an equity financing to fund the construction of microgrid power assets in the state of Texas, USA. Read more -
May 30, 2016
Deborah Zurkow to head Alternatives group at Allianz Global Investors
Allianz Global Investors has recently announced that Deborah Zurkow, CIO and Head of Infrastructure Debt, is to take on a new, broader role, becoming head of the Alternatives pillar within its global investment platform. Deborah will join AllianzGI’s Global Executive Committee, effective 1 June 2016. Read more -
May 30, 2016
Three bidders submit final proposals for Denver airport redevelopment P3
Three teams have submitted proposals for the Denver International Airport redevelopment project. Den Transformation Team DT2 (Manchester Airport Group), Ferrovial Airports and Westfield LLC are the teams that have bid for the project. Read more -
May 27, 2016
Nassau County seeks Transaction Advisor for sewer system P3
Nassau County, a suburban county on Long Island in the U.S. state of New York (USA), has recently published a request for proposal (RFP) seeking qualified banks and financial facilitators to provide investment banking and/or financial advisory services to the County in connection with a potential P3 transaction with a concessionaire involving the County’s sewer system. Read more
