| Private equity firms are still raising institutional investor capital to target investments in the U.S. energy sector. The Blackstone Group had total commitments of US$ 4.5 billion for its second energy fund, Blackstone Energy Partners II. Some large pensions invested in the fund include: New Jersey Division of Investment and Teacher Retirement System of Texas (TRS).
Meanwhile, smaller funds and platforms are raising capital. Dallas-based PetroCap raised US$ 350 million in PetroCap Partners II, a fund focusing on oil & gas investments in the US$ 20 million to US$ 70 million range. On the debt side, EIG Global Energy Partners and Winter Park-based Triloma Financial Group have formed Triloma EIG Global Energy Fund, an unlisted investment company that will allocate capital to privately originated energy company and project debt...............................................Full Article: Source
|