Cadent Energy Partners, LLC ("Cadent") announced the final closing of its second private equity fund, Cadent Energy Partners II, L.P. (the "Fund") with $473.3 million in commitments from its partners, which occurred on February 1, 2008. The Fund exceeded its initial target of $375 million due to strong support from existing investors coupled with new commitments from other leading institutional investors.
INFO SOURCES
Cadent Energy Partners, LLC
FIRMS
Established in 2003, Cadent makes control and influential minority investments in small to medium sized energy and related companies primarily based in North America. Cadent invests opportunistically across the energy industry in sub-sectors such as Exploration and Production, Oilfield Services and Equipment, Power Services and Equipment and Downstream Petroleum and typically makes equity commitments of $25 million to $50 million per transaction. Cadent is located in Rye Brook, New York.
ADVISORS
Lazard acted as placement agent for the Fund.
PEOPLE
Bruce Rothstein, Managing Partner
Paul McDermott, Managing Partner
Supporting Material
