Thu, May 19, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lime Rock and GSAM team up on energy continuation fund

Wednesday, November 24, 2021

Bailey McCann, Opalesque New York:

Energy investor Lime Rock Partners has closed its latest continuation fund on $203 million. The fund has acquired assets formerly owned by Lime Rock Partners VI, L.P., a 2012 vintage fund.

Goldman Sachs Asset Management Vintage Funds was the lead investor in the continuation fund, providing the majority of the $134 million in new capital commitments. A separate co-investment vehicle was also created alongside the continuation fund.

The fund will extend an investment in CrownRock Minerals, two entities that acquire mineral and royalty interests in the Permian Basin. Lime Rock has been an investor with Midland, Texas-based CrownQuest Operating which manages CrownRock, since 2007. CrownRock is majority owned by Lime Rock and CrownQuest through Lime Rock Partners IV AF, a 2018 vintage acquisition fund.

"With this, our second GP-led secondary, we continue to believe that there are good, market solutions to respond to some investors' preferences for liquidity while allowing others to hold investments beyond a normal fund life," said John Reynolds, co-founder and Managing Director of Lime Rock Partners.

Minerals and royalties investments typically involve less overhead than midstream services. Investors in minerals and royalties are paid a portion of the revenue from the wells without having to cover operating costs.

In an interview on the deal with the ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm