Ridgemont reinforces interest in energy sector with new investment fund

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Private equity firm Ridgemont Equity Partners has raised a new fund, called Ridgemont Equity Partners Energy Opportunity Fund L.P. (EOF), with $320 million in capital commitments.

EOF is a companion fund to the firm’s $995 million flagship fund, Ridgemont Equity Partners II L.P., both investing side-by-side in the firm’s energy sector investments. Ridgemont is a Charlotte, North Carolina private equity firm that typically makes equity commitments between $50 million to $200 million in companies pursuing opportunities across the spectrum of upstream, midstream and energy and power related services.

The private equity firm has remained active in the middle-market this year. In January, Ridgemont bought logistics company Worldwide Express from Quad-C Management. Cook & Boardman Group, a portfolio company of Ridgemont, also purchased Delta Door and Hardware LLC in 2016.

Other middle-market fund raises include: Blue Wolf Capital Partners LLC’s closing a $540 million PE fund; Private Advisors’ raising the firm’s seventh small business PE fund; Saw Mill Capital’s closing of a new investment fund with $340 million in commitments; Industrial Opportunity Partner’s (IOP) raising its third fund with $450 million; Platte River Equity's closing the firm’s fourth fundraise; CVC Capital Partners’ $18 billion fund to target U.S. and European investments; the Riverside Co.’s first minority investment fund in April 2017.

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