Lime Rock Partners has closed its fifth fund with $1.4 billion in capital commitments. The firm focuses on private equity investments in the global energy sector.
Lime Rock, a private equity firm focusing on the global energy sector, today announces the closing of its fifth Lime Rock Partners fund, Lime Rock Partners V, L.P., with $1.4 billion in investor capital commitments. Like the four predecessor Lime Rock Partners funds, Lime Rock Partners V will make creative, value-adding, and long-term growth capital investments in companies in the global energy industry.
78 institutional investors, including leading endowments, foundations, and pension funds, made capital commitments to Lime Rock Partners V. Lime Rock did not actively market the fund, and 91% of capital commitments came from existing Lime Rock investors. The firm began the fundraising process in February 2008.
Jonathan Farber, Managing Director of Lime Rock, noted, “We are grateful for