Post Oak Energy Capital closes third fund with $600 million in commitments

Post Oak Energy Capital, the energy-focused private investor based in Houston, has recently announced the closing of its third fund, Post Oak Energy Partners III, LP at its hard cap of US$600 million.

Post Oak Energy Partners III is the successor of Post Oak Energy Partners II, which announced its closing in February 2014 and raised also commitments totaling US$600 million.

Post Oak Energy Partners III will pursue the same strategy as the first two funds (Post Oak Energy Partners, LP and Post Oak Energy Partners II, LP) with equity investments in North American oil and gas companies, oilfield services and related infrastructure.

Funding from Post Oak will continue to be used for growth capital, development acceleration, acquisitions and re-capitalization purposes.

The composition of Post Oak’s initial funds include 16 investments: 14 regionally focused oil and gas companies, one oilfield service company and one midstream company.

Frost Cochran, Managing Director of Post Oak, said:

“We are pleased that we continue to attract some of the most experienced private energy investors in the world to invest in our funds. We see great potential to once again work with best in class management teams in identifying and capturing good value in energy assets, particularly given current industry conditions.”

Post Oak Energy Capital, LP is an energy-focused private investor based in Houston with experience and a broad network in the energy business as well as significant expertise in equity investments, operations, development, finance, acquisitions and divestitures.