Pelican Energy Partners has closed its second private equity fund at $210 million. Pelican Energy Partners II LP will focus on energy services and equipment companies. The fund’s limited partners include public pensions, endowments, consultants and high-net worth individuals. Champlain Advisors LLC was the placement agent.
Houston, TX (July 18, 2016) – Pelican Energy Partners announced today that it has closed its latest private equity fund, Pelican Energy Partners II LP (“Fund II”), with total committed capital of $210 million targeting investments in control buyout and growth investments in energy services and equipment companies.
According to founder and managing partner, Mike Scott, Fund II continues Pelican’s successful strategy of investing in companies in the energy sector that have significant growth potential as well as resilience to industry cycles.
“Our investment track record resonated with investors,” added Mr. Scott. “Since starting Fund I in 2012 near the peak of the last cycle, we have been patient and disciplined in deploying capital and that has benefitted our investors. Sometimes the best deals are the ones you don’t do.”
“Despite a number of investors being spooked by the volatility in the energy markets, Fund II was oversubscribed within four months,” added Terry Crikelair, Managing Partner of Champlain Advisors, LLC who served as Fund II’s exclusive placement agent. “Pelican’s deep operating expertise and discipline have served them well in the OFS space.”
Members of the Pelican Energy Partners team have deployed over $500 million of equity capital commitments in aggregate over their careers as entrepreneurs, operators and investors. The team includes nine investment and operating professionals, four of whom have worked as CEOs in the energy sector.
The participating investors in Fund II include public pensions, endowments, consultants and high net worth individuals.
Champlain Advisors, LLC, a global fund placement, advisory and investor relations firm, served as Pelican’s exclusive placement agent in raising Fund II.
About Pelican Energy Partners
Pelican Energy Partners, through its private equity funds, is a market leading Houston-based energy private equity firm focused solely on energy service and equipment company investments. For more information, visit www.pelicanenergypartners.com or contact Mike Scott at (713) 559-7110.
About Champlain Advisors, LLC
Champlain Advisors, LLC provides fund placement, advisory and investor relations services to alternative investment managers. Champlain’s team has raised over $24 billion of institutional capital globally and is an SEC registered Broker/Dealer and FINRA/SIPC member firm. Please visit www.champlainadvisors.com or contact Terry Crikelair at (212) 686-7949 x112 for additional information.