Post Oak Energy Capital has closed its second fund on $600 million. Post Oak Energy Partners II held a ‘one and done’ single close at its hard cap of $500 million, and the firm’s existing funds were increased by $100 million to co-invest alongside Fund II. Post Oak focuses on investments in North American oil and gas companies, oil field services and related infrastructure.
Post Oak Energy Capital (Post Oak) today announced the closing of its second fund with commitments totaling $600 million. Post Oak Energy Partners II, LP was closed in a single closing at its hard cap of $500 million, and Post Oak’s existing funds were increased by $100 million and will co-invest alongside the new fund.
Post Oak Energy Partners II is pursuing the same strategy as the first fund (Post Oak Energy Partners, LP), with investments in North American oil and gas companies, oil field services and related infrastructure. Funding from Post Oak is used for corporate growth capital, development acceleration, acquisitions and recapitalization purposes.
Post Oak’s initial fund consists of investments in seven energy companies: five regionally focused oil and gas operators, one oilfield services company and one midstream company.
“We are pleased that our strategy and team have the support of some of the most experienced private energy investors in the world,” said Frost Cochran, Managing Director of Post Oak. “Our management team’s industry backgrounds and investment experience will continue to create unique opportunities for our funds.”
About Post Oak Energy:
Post Oak, which was established in 2006, is an energy-focused private equity firm based in Houston, Texas. Its management team has executive management experience and a broad network in the energy business as well as significant expertise in private equity investments, operations, development, finance, acquisitions and divestitures. The firm pursues private equity investments primarily in the upstream sector of the oil and gas industry in North America and, to a lesser extent, in oilfield services and related infrastructure. Post Oak works in close partnership with operating management teams to build businesses, accelerate growth and enhance shareholder value.
Post Oak’s website is http://www.postoakenergy.com.
SOURCE Post Oak Energy Capital