Ridgemont Equity EOF fund raises $320 mln

Ridgemont Equity Partners said Nov. 9 that its Energy Opportunity Fund LP closed on $320 million in commitments. EOF is a companion pool to Ridgemont’s flagship fund, Ridgemont Equity Partners II LP, which raised $995 million. EOF and REP II will invest side-by-side in the firm’s energy sector investments. Brooklands Capital Strategies served as fundraising advisor for the EOF.

PRESS RELEASE

CHARLOTTE, N.C.–(BUSINESS WIRE)–Ridgemont Equity Partners (“Ridgemont”), a middle market buyout and growth equity investor, today announced the closing of Ridgemont Equity Partners Energy Opportunity Fund, L.P. (“EOF” or the “Fund”) with $320 million in commitments. The EOF is a companion fund to Ridgemont’s $995 million flagship fund, Ridgemont Equity Partners II, L.P. (“REP II”). The EOF and REP II invest side-by-side in the firm’s energy sector investments. The Fund closed above its original target and includes a significant commitment from the General Partner.

The principals of Ridgemont have deployed more than $4.0 billion in 141 investments since 1993 and more than a quarter of the firm’s invested capital has been funded in Ridgemont’s energy strategy investments. The firm typically makes equity commitments of $50-200 million in support of management teams pursuing opportunities across the spectrum of upstream, midstream and energy and power related services.

“We have scaled our platform to capitalize on the attractive opportunities we are seeing in energy today,” said John Shimp, Partner at Ridgemont. “It is important to have a long-term view in this industry and we have been active but disciplined in our deployment of capital through commodity cycles.”

“Ridgemont employs a diversified investment strategy across basin, commodity and the value chain, and seeks to back successful teams multiple times over,” said Cay Freihofer, Principal at Ridgemont. “The EOF enhances our ability to build a high quality middle market energy portfolio.”
Brooklands Capital Strategies (www.brooklandscapital.com) served as the fundraising advisor for the EOF.

About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $4.0 billion in 141 companies. The firm focuses on investments in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications/technology.
www.ridgemontep.com