Canadian energy private equity firm Annapolis Capital has closed its seventh partnership, Annapolis Energy Fund VII, at $300 million of capital commitments. The fund reached its hard-cap target with the help of Canadian and U.S. institutional and individual investors. As reported by peHUB Canada in March, the closed Fund VII is double the capitalization of Fund VI (2011) and brought in as much money as the combined raise of Annapolis’ previous six funds. Annapolis managing partner and CEO Peter Williams said the new fund will continue the Calgary-based firm’s focus on Canadian upstream oil and gas opportunities, investing in a range of $15 million to $60 million.
Annapolis Capital closes seventh private equity fund at $300 million hard cap
CALGARY , Dec. 16, 2014 /CNW/ – Annapolis Capital Limited, a Calgary -based, upstream oil and gas focused private equity firm, is pleased to announce the final closing of Annapolis Energy Fund VII (the “Fund”) with $300 million of total equity capital commitments. Due to strong support from existing investors and significant demand from new limited partners, the Fund closed on its hard cap of $300 million . The Fund includes a diversified mix of limited partners from Canada and the U.S., including endowments, foundations, funds of funds, family offices, and individuals.
Peter Williams , Managing Partner and CEO of Annapolis, said “We are grateful for the support that we received from our existing investors in this fundraising effort. We are also pleased to welcome our new limited partners and thank them for their vote of confidence. We believe that the current market presents attractive investment opportunities at a unique time in the Canadian upstream oil and gas industry and we look forward to partnering with some of the brightest and most successful management teams across the full bandwidth of conventional and unconventional Canadian plays.”
With its team of former senior executives from the oil and gas business (having founded and sold numerous energy companies themselves), Annapolis will continue to execute on its successful strategy of investing in start-up and early-stage exploration and production companies in Canada . Annapolis will make investments in the range of $15 million to $60 million , as a strategic partner with, and capital provider for, outstanding management teams in the Canadian oil and gas space.
Shannon Advisors acted as placement agent for the Fund in the United States .
This press release is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia ) or any other jurisdiction outside Canada . This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada . Interests in the Fund have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States other than pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States .
Founded in 2006, Annapolis Capital is a long-term investor of growth capital in the Canadian upstream oil and gas industry. To date, Annapolis has raised a total of $600 million across several investment funds. For additional information, please visit www.annapoliscapital.ca.
SOURCE Annapolis Capital Limited
Annapolis Capital Limited, Peter Williams, Managing Partner and CEO, 403-231-4434, email@example.com
Photo courtesy of of Peter Williams (right) and Jody Forsyth (left) courtesy of Annapolis Capital