Houston-based Post Oak Energy Capital said last week it closed Fund V of Post Oak Energy Partners in May with capital investments of $600 million. Consistent with Post Oak’s four earlier funds, Fund V will focus on the lower middle market of North American upstream oil and gas industry. The fund partners with experienced management teams to provide equity capital for growth, development, acquisitions and recapitalizations.
Fund V has made commitments to five portfolio companies with capital deployed across the Permian, Haynesville and Utica basins. One of these investments involves a substantial minerals and royalty position that generates significant current yield and offers a strong growth profile in the core of the Permian Basin.
Frost Cochran, managing director, said June 17, “We are pleased to announce the closing of Fund V supported by a combination of legacy and new investors… We have captured exceptional opportunities in our lower middle market niche.”
Founded in 2006, Post Oak has invested in more than 30 portfolio companies and raised about $3 billion in capital across managed funds and related vehicles.
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