Juniper Capital Advisors has held final close of its first institutionally-backed private equity fund, Juniper Capital II, at its hard cap of USD500 million.
The fund targets equity investments of USD25 million to USD75 million in oil and gas companies located primarily in the continental US.
Edward Geiser (pictured), managing partner, says: “Juniper is deeply grateful for the confidence our exceptional group of energy investors has placed in us. We are committed to continuing to identify and prosecute high-quality upstream investment opportunities in the US to further build the relationship between Juniper and its partners.”
Richard Gordon, partner, says: “This period of market dislocation has created opportunities that rival the best I have seen in my 40-year career. The investment valuations and structures we have been able to achieve position the fund well for future success. The fund’s current portfolio companies provide us with exceptional assets and exposure across various basins and operational teams.”
“Despite the upheaval of the energy markets, Juniper hard-capped the fund with a terrific set of high calibre energy investors,” adds Terence Crikelair, managing partner of Champlain Advisors, which served as the fund’s placement agent. “Juniper’s capabilities and style continue to impress management teams looking for a unique and value-added partner.”
Latham & Watkins served as fund formation counsel, and Champlain Advisors served as exclusive global placement agent for the fund.