Carnelian Energy Capital Closes Second Fund at $600 Million Hard Cap
- Carnelian
Energy Capital Management, L.P. (Carnelian) today announced the
single closing of its oversubscribed second fund, Carnelian Energy
Capital II, L.P., at the fund’s hard cap of $600 million.
“We are sincerely grateful for the confidence and trust placed in us by our investors,” said Tomas Ackerman, Carnelian Partner. “The energy landscape continues to present attractive opportunities, and we believe our focused approach of partnering with a limited number of management teams in the underserved lower-to-middle market oil and gas sector will continue to generate top-tier, risk-adjusted returns.”
Carnelian, a Houston-based energy investment firm founded by Tomas Ackerman and Daniel Goodman, focuses on equity line-of-credit investments in the North American upstream, midstream and oilfield services sectors. The firm’s inaugural $400 million fund closed in 2015 and includes partnerships with Bison Oil & Gas Partners, LLC, Bison Oil & Gas Partners II, LLC, Grit Oil & Gas Partners, LLC, OneEnergy Partners, LLC, Percussion Petroleum, LLC, and Shot Hollow Partners, LLC, among others.
“Carnelian’s model is dedicated to being collaborative, value-additive and highly responsive, yielding a differentiated experience for our portfolio company partners,” added Daniel Goodman, Carnelian Partner. “We focus on partnering with next-generation entrepreneurs who have been on the cutting edge of advancements in the energy industry since the early 2000s.”
Kirkland & Ellis LLP served as fund formation counsel. Carnelian did not engage a placement agent for the formation of the fund.
About Carnelian Energy Capital Management, L.P.
Carnelian is an energy investment firm based in Houston, Texas. With $1 billion of cumulative equity commitments, Carnelian focuses on lower-to-middle market equity investments in the North American upstream, midstream and oilfield services sectors. For more information, please contact Carnelian at [email protected] or visit www.carnelianenergy.com.
ContactsM2H Communications
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Meredith Hargrove Howard, 210-737-4478
[email protected]
HOUSTON–(BUSINESS WIRE)–Carnelian
Energy Capital Management, L.P. (Carnelian) today announced the
single closing of its oversubscribed second fund, Carnelian Energy
Capital II, L.P., at the fund’s hard cap of $600 million.
“We are sincerely grateful for the confidence and trust placed in us by
our investors,” said Tomas Ackerman, Carnelian Partner. “The energy
landscape continues to present attractive opportunities, and we believe
our focused approach of partnering with a limited number of management
teams in the underserved lower-to-middle market oil and gas sector will
continue to generate top-tier, risk-adjusted returns.”
Carnelian, a Houston-based energy investment firm founded by Tomas
Ackerman and Daniel Goodman, focuses on equity line-of-credit
investments in the North American upstream, midstream and oilfield
services sectors. The firm’s inaugural $400 million fund closed in 2015
and includes partnerships with Bison
Oil & Gas Partners, LLC, Bison
Oil & Gas Partners II, LLC, Grit
Oil & Gas Partners, LLC, OneEnergy
Partners, LLC, Percussion
Petroleum, LLC, and Shot
Hollow Partners, LLC, among others.
“Carnelian’s model is dedicated to being collaborative, value-additive
and highly responsive, yielding a differentiated experience for our
portfolio company partners,” added Daniel Goodman, Carnelian Partner.
“We focus on partnering with next-generation entrepreneurs who have been
on the cutting edge of advancements in the energy industry since the
early 2000s.”
Kirkland & Ellis LLP served as fund formation counsel. Carnelian did not
engage a placement agent for the formation of the fund.
About Carnelian Energy Capital Management, L.P.
Carnelian is an energy investment firm based in Houston, Texas. With $1
billion of cumulative equity commitments, Carnelian focuses on
lower-to-middle market equity investments in the North American
upstream, midstream and oilfield services sectors. For more information,
please contact Carnelian at [email protected]
or visit www.carnelianenergy.com.
Contacts
M2H Communications
Meredith Hargrove Howard, 210-737-4478
[email protected]
