Cadent Energy Closes Second Fund

Cadent Energy Partners, a Rye Brook, N.Y.-based private equity firm focused on energy opportunities, has closed its second fund with $473.3 million. Lazard served as placement agent, while limited partners include CommonFund, University of Chicago and the Andrew W. Mellon Foundation.



Cadent Energy Partners, LLC (“Cadent”) announced the final closing of its second private equity fund, Cadent Energy Partners II, L.P. (the “Fund”) with $473.3 million in commitments from its partners, which occurred on February 1, 2008. The Fund exceeded its initial target of $375 million due to strong support from existing investors coupled with new commitments from other leading institutional investors.


Paul McDermott, Managing Partner, noted, “We are extremely gratified by the support we have received from our existing limited partners and are pleased to have the opportunity to establish long-term relationships with the new limited partners who have joined our investor group.”


“We are excited to continue our strategy of investing in middle-market energy companies as the number of attractive opportunities in the market further validate our investment philosophy and competitive position,” added Bruce Rothstein, Managing Partner.

Lazard acted as placement agent for the Fund.


Established in 2003, Cadent makes control and influential minority investments in small to medium sized energy and related companies primarily based in North America. Cadent invests opportunistically across the energy industry in sub-sectors such as Exploration and Production, Oilfield Services and Equipment, Power Services and Equipment and Downstream Petroleum and typically makes equity commitments of $25 million to $50 million per transaction. Cadent is located in Rye Brook, New York.

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