Denham Capital Management, a private equity firm focused on the energy and commodities sector, has closed its fifth fund with $2 billion in capital commitments.
Denham Capital Management LP, a global private equity firm focused on the energy and commodities sector, today announced the closing of Denham Commodity Partners Fund V LP. The Fund closed at its $2 billion hard cap, exceeding the $1.75 billion targeted commitment. Over 90% of Denham Capital's existing limited partners participated in Fund V. Denham's limited partners include primarily well-established endowments, foundations and similar institutions as well as high-net-worth individuals.
The successful closing brings the amount of committed capital under Denham management to approximately $4.3 billion. Denham Capital's broad investment areas include power and carbon, natural resources and energy infrastructure. The firm invests globally, with investments currently in the US, Canada, South America, Europe, Russia/CIS, Asia and Australia, and across all parts of the capital structure and all stages of the corporate and asset lifecycle, from development projects to mature, operating businesses.
“There has been tremendous demand for Denham's investment model from our existing limited partners and we are extremely grateful for their continued support as well as the interest we received from new limited partners,” said Stuart Porter, Chairman and CEO of Denham Capital. “We are excited about the prospects that Fund V presents for Denham and its limited partners, including allowing us to fully utilize our growing international capabilities to capitalize on opportunities in the dynamic global energy and commodities sector.”
With Fund V, Denham Capital will continue its proven approach to building long-term value for its investors and partners. Denham Capital focuses on identifying value dislocations in the sector, and then applying the firm's unique operational and commercial expertise and risk management tools to those opportunities. The Denham team is composed of seasoned energy and commodities investors, many of whom have held senior operational and commercial positions with sector firms. This deep sector experience gives Denham Capital the perspective to be a patient and thoughtful investor in characteristically volatile markets.
Denham Capital announced the opening of its London office last year. Charged with the origination of transactions in Europe, Russia/CIS, Asia, the Middle East and Africa, the office has already generated several investments. Denham also expects to open an office in Sao Paulo, Brazil later this year, to further focus on the extensive sector opportunities in Latin America. The firm has a number of investments already in the region.
About Denham Capital Management:
Founded in 2004, Denham Capital Management is a leading global private equity firm, with offices in Boston, Houston, Short Hills, New Jersey and London. With approximately $4.3 billion of invested and committed capital, Denham makes direct investments in all segments of the energy and commodities value chain, including oil and gas, mining, timber, power, carbon assets and energy-related infrastructure and services. The firm invests globally, with investments currently in the US, Canada, South America, Europe, Russia/CIS, Asia and Australia, and across all parts of the capital structure and all stages of the corporate and asset lifecycle, from development projects to mature, operating businesses. Denham typically targets investments in the $50 million to $250 million range. For more information about Denham Capital, visit www.denhamcapital.com. Denham Capital Management does not provide investment advisory services to the public. Denham Capital Management(sm) is a trademark of Denham Capital Management LP.