PE Tech Report


Like this article?

Sign up to our free newsletter

Aethon Energy closes second private equity fund

Aethon Energy Management, a Dallas-based private investment firm focused on onshore oil & gas, has held the final closing of its second energy private equity fund, Aethon II LP.

Together with co-investments, Aethon's recent fundraising represents USD240 million in total capital commitments.
Aethon's recent activity exceeded the USD200 million target that the Company established at the outset of fundraising, and the fund received commitments from both new and existing institutional investors. The fund enabled Aethon's management to continue its strategy of acquiring and developing onshore oil and gas assets that provide attractive, asymmetric returns. Concurrent with this final closing of the fund, Aethon has fully invested the capital it raised.   
Albert Huddleston, Founder, Partner and CEO, says: "We were humbled to receive considerable interest from both current and new investors and appreciate the strong support from our partners, enabling us to exceed our target in an efficient manner. With these commitments, we constructed a portfolio that allows us to take advantage of the current commodity cycle as we have acquired attractive energy assets at favourable valuations. We hope this recent momentum will serve as evidence of our long standing, disciplined investment approach of identifying and operating assets with attractive risk/return profiles."

Like this article? Sign up to our free newsletter