Black Bay, with NGP Energy Technology pedigree, closes in on $200 mln debut target

Black Bay Energy Capital, NGP Energy Technology Partners, private equity
  • Firm spun out of NGP Energy Technology in 2016
  • Black Bay led by Michael Lebourgeois, Tom Ambrose and L. Guy Cook III
  • Fund I has raised $137 mln
Black Bay Energy Capital, launched by former NGP Energy Technology Partners executives, is more than halfway toward hitting the target of its debut fund for energy services companies, according to an SEC filing. The firm has raised more than $137 million ...
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