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Ridgemont Equity Partners closes Energy Opportunity Fund with USD320m in Commitments

Ridgemont Equity Partners (Ridgemont) has closed Ridgemont Equity Partners Energy Opportunity Fund with USD320 million in commitments.

The EOF is a companion fund to Ridgemont’s USD995 million flagship fund, Ridgemont Equity Partners II. The EOF and REP II invest side-by-side in the firm’s energy sector investments. The Fund closed above its original target and includes a significant commitment from the General Partner.
 
The principals of Ridgemont have deployed more than USD4.0 billion in 141 investments since 1993 and more than a quarter of the firm’s invested capital has been funded in Ridgemont’s energy strategy investments. The firm typically makes equity commitments of USD50-200 million in support of management teams pursuing opportunities across the spectrum of upstream, midstream and energy and power related services.
 
“We have scaled our platform to capitalise on the attractive opportunities we are seeing in energy today,” says John Shimp, Partner at Ridgemont. “It is important to have a long-term view in this industry and we have been active but disciplined in our deployment of capital through commodity cycles.”
 
“Ridgemont employs a diversified investment strategy across basin, commodity and the value chain, and seeks to back successful teams multiple times over,” says Cay Freihofer, Principal at Ridgemont. “The EOF enhances our ability to build a high quality middle market energy portfolio.”

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