Pearl Energy Investments has closed its inaugural fund with $500 million in commitments. Dallas-based Pearl, an energy private equity firm, focuses on investments in the oil and gas production, midstream, and services sectors. Pearl typically invests between $25 million and $75 million of equity per deal.
October 01, 2015 05:30 AM Eastern Daylight Time
DALLAS–(BUSINESS WIRE)–Pearl Energy Investments (“Pearl”) announced that on September 30, 2015, it reached its hard cap and held the final closing of Pearl Energy Investments, L.P. with total commitments of $500 million. Pearl is a provider of private equity capital and sponsorship to the energy industry, concentrating on the oil and gas production, midstream, and services sectors. Pearl focuses on investments requiring between $25 million and $75 million of equity capital.
William J. Quinn, Managing Partner, said: “We are extremely thankful for the loyalty and support of our investors and are humbled by the confidence they have placed in our team. We are thrilled to have such a diverse and sophisticated group of partners with robust experience in the energy industry. The Pearl team is excited about the current investment environment and looks forward to the opportunity to execute our strategy, generate attractive risk-adjusted rates of return, and earn the trust our investors have placed in us.”
A. Chris Aulds, Partner, continued: “We are very pleased to have raised our inaugural fund in such a short period of time and are now fully focused on capitalizing on the attractive investment opportunities created by the recent turmoil in the energy sector. We have closed one transaction and are looking forward to partnering with premier management teams in the coming months.”
Kirkland & Ellis LLP served as fund formation counsel. Pearl did not engage a placement agent in connection with the formation of the fund.
Pearl Energy Investments is a Dallas-based energy private equity firm focused on partnering with best-in-class management teams to invest in the small to mid-cap North American upstream, midstream, and oilfield services sectors. For additional information, please see www.pearl-energy.com or call 214-308-5273.