Ridgemont Equity Partners Raises $320M For New Energy Opportunities Fund

Nov 9 2017 | 9:08pm ET

Ridgemont Equity Partners has raised $320 million in capital commitments for a new energy opportunity fund that will invest alongside the company’s flagship $995 million Ridgemont Equity Partners II fund. 

The new fund, named Ridgemont Equity Partners Energy Opportunity Fund, closed above its original target and includes a significant commitment from the general partner, Ridgemont said in a statement. 

The principals of Ridgemont have deployed more than $4 billion in 141 investments since 1993 and more than a quarter of the firm’s invested capital has been funded in Ridgemont’s energy strategy investments. The firm typically makes equity commitments of $50-200 million in support of management teams pursuing opportunities across the spectrum of upstream, midstream and energy and power related services.

"Ridgemont employs a diversified investment strategy across basin, commodity and the value chain, and seeks to back successful teams multiple times over," said Cay Freihofer, principal at Ridgemont, in the statement. "The Energy Opportunity Fund enhances our ability to build a high quality middle market energy portfolio."

Brooklands Capital Strategies served as the fundraising advisor for the new fund.

Headquartered in Charlotte, North Carolina, Ridgemont Equity Partners is middle market buyout and growth equity investor. The firm focuses opportunities in basic industries and services, energy, healthcare, and telecommunications/technology.

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