Quantum Energy Partners‘ fifth fund has closed on $2 billion in commitments to date, according to a source. Dan had flagged the firm’s fundraising efforts in July, when the firm had just under $1 billion in commitments. The energy-focused buyout firm will issue rolling closes on commitments until it reaches its target of $2.75 billion.
MassPRIM, Nebraska Investment Council, New Mexico PERA and CPP Investment Board are on board, along with a variety of endowments and corporate and international LPs. Champlain Adivisors is the firm’s placement agent.
A Buyouts story from late September said the firm had accumulated $2.3 billion in commitments, but did not specify whether those commitments had closed.