Kimmeridge, an alternative asset manager focused on investments in the energy sector, has held the final closing of Kimmeridge Fund VI and related vehicles, with more than $1bn in new capital commitments.
Kimmeridge, an alternative asset manager focused on investments in the energy sector, has held the final closing of Kimmeridge Fund VI and related vehicles (Fund VI), with more than $1bn in new capital commitments.
Fund VI is 25% larger than Fund V (2019) and represents one of the few North American oil and gas exploration and production (E&P) funds that have closed on $1 billion or more over the last five years. The fund, which will identify, acquire and develop unconventional assets across top-producing basins in North America, received support from institutional investors including endowments, foundations, public pensions, family offices and sovereign wealth funds.
Since the Firm’s inception in 2012, Kimmeridge has raised over $5bn of limited partner commitments across 10 distinct funds, including its Carbon Solutions and Engagement strategies.
Fund VI is the latest iteration of the firm’s flagship strategy, and is actively being deployed, in line with Kimmeridge’s track record of deploying 70% of capital, on average, within the first two years of a fund’s initial close.
