Private equity firm Post Oak Energy Capital has closed a fund with $600 million in capital commitments.
The Houston firm’s second fund will invest in North American oil and gas companies, oilfield services and related infrastructure.
Post Oak’s first fund made investments in seven energy companies five regionally-focused oil and gas operators, one oilfield services company and one midstream company.
The announcement comes at a busy time for the energy sector, where M&A transactions have been steadily announced for more than a year. Recent deals include RigNet Inc.’s (Nasdaq: RNET) acquisition of Inmarsat plc’s (LSE: ISAT.L) energy broadband business, and Liberty Resources II LLC’s purchase of oil and gas assets in North Dakota for $455 million.