Lime Rock, a private equity firm focusing on the global energy sector, today announces the closing of its fifth Lime Rock Partners fund, Lime Rock Partners V, L.P., with $1.4 billion in investor capital commitments. Like the four predecessor Lime Rock Partners funds, Lime Rock Partners V will make creative, value-adding, and long-term growth capital investments in companies in the global energy industry.
The firm began the fundraising process in February 2008.
INFO SOURCES
Lime Rock
FIRMS
Established in 1998, Lime Rock manages $3.5 billion of private capital for investment in the energy industry through Lime Rock Partners, investors of growth capital in energy companies worldwide, and Lime Rock Resources, acquirers and operators of oil and gas properties. From locations in Aberdeen, Scotland; Houston, Texas; and Westport, Connecticut, the Lime Rock Partners team brings together a global network of relationships, deep interdisciplinary expertise in finance and energy company operations, and a strong track record of value creation.
ADVISORS
INVESTORS INCLUDE
78 institutional investors, including leading endowments, foundations, and pension funds, made capital commitments to Lime Rock Partners V. Lime Rock did not actively market the fund, and 91% of capital commitments came from existing Lime Rock investors.
PEOPLE
Jonathan Farber, Managing Director of Lime Rock
NOTE
Lime Rock Partners funds have invested $1.0 billion in 47 energy portfolio companies worldwide, primarily in the exploration & production, energy service, and oil service technology sectors. Those funds have realized $1.7 billion and continue to hold significant unrealized value in their portfolio company investments. Lime Rock also manages Lime Rock Resources, a $450 million fund, which directly acquires and operates oil and gas properties in the United States.
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