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In flailing energy sector, Bernhard Capital raises more than $750 mln for debut fund

Bernhard Capital Partners Management LP has closed its debut energy services fund on more than $750 million.

BCP is targeting North American energy services companies, which include midstream, downstream and power.

The limited partners for BCP Energy Services Fund LP include public and corporate pension funds, university endowments, family offices and strategic corporate investors.

BCP was founded in 2013 by former executives of The Shaw Group following its sale to energy infrastructure-focused conglomerate Chicago Bridge & Iron Company. Headquartered in Baton Rouge, Louisiana, The Shaw Group was a provider of engineering, construction and other services for the energy, chemicals and infrastructure industries.

Atlantic‐Pacific Capital was the placement agent.

Photo: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, September 15, 2015. Credit: Courtesy of Reuters/Nick Oxford