Energy Spectrum Capital raises over $1.2 bln for seventh fund

Energy Spectrum Capital has closed its seventh fund at $1.225 billion. According to the firm, Energy Spectrum Partners Fund VII has 93 LPs, ranging from college endowments to private and public pension funds. As in the case of its previous funds, Fund VII will focus mostly on midstream assets within the energy sector.

PRESS RELEASE

DALLAS–(BUSINESS WIRE)–Energy Spectrum Capital is pleased to announce the final closing of Energy Spectrum Partners VII LP (“Fund VII”), with total capital commitments of $1.225 billion. The commitments for Fund VII have been provided by ninety-three limited partners, which are relatively diverse, ranging from private and public pension funds to college endowments, foundations and family offices. Like its six predecessor funds, Energy Spectrum Partners VII focuses its investment activities primarily on midstream assets within the energy industry, such as oil and natural gas gathering and transportation systems, processing and treating plants, and storage facilities.

As one of the few midstream-focused energy private equity fund managers, Energy Spectrum Capital expects that its extensive relationships and reputation will generate attractive deal flow from high quality, growth-oriented midstream management groups.

About Energy Spectrum Capital

Energy Spectrum Capital was founded in 1996 to manage private equity funds that make direct investments in well-managed companies that acquire, develop and operate midstream energy assets. Midstream assets are commonly known to include oil and natural gas gathering and transportation systems, processing and treating plants, and storage facilities. The partners of the firm have spent almost all of their careers in the energy industry, with more than 195 years of collective experience in finance, investment and management roles. Since inception, over $3.5 billion of equity capital has been raised from corporate and public pension funds, insurance companies, endowments, banks and other institutional investors. As an established private equity group dedicated to the midstream energy industry, Energy Spectrum Capital is a valuable partner to management teams seeking to build energy companies and create equity value. Based in Dallas, Energy Spectrum Capital has sponsored over 46 portfolio companies to date. For more information, please visit www.energyspectrumcapital.com.