Quantum Energy Capital has held its final closing at USD2.5bn for Quantum Energy Partners V, a private equity fund dedicated to the energy industry.
Founded in 1998, Quantum has more than USD5.7bn of assets under management. Champlain Advisors acted as placement agent.
Quantum remains committed to the same investment strategy it has refined since its founding, targeting investment opportunities between USD100m and USD400m with proven management teams and whose companies have sustainable advantages within well-defined segments or strategies in the energy industry.
Quantum primarily focuses on the oil and gas upstream, midstream and power sectors, but considers opportunities across the entire energy industry.
Wil VanLoh, Quantum’s president and chief executive, says: "We are extremely grateful and humbled by the continued support of our investors and we truly value the trust placed in our firm by both existing and new limited partners. This fund represented a 90 per cent increase from our last fund raised in 2006. The strong response from the investor community during a very difficult fundraising environment is a testament to our track record, investment team, and reputation for partnering with the energy industry’s top management teams. We believe that over the next several years the favorable investment environment in the energy industry will afford Quantum many opportunities to invest substantial amounts of capital in highly attractive situations."
