Canadian Firm Raises Energy-Focused Private Equity Fund

Mar 7 2014 | 4:10am ET

Canadian private-equity firm Annapolis Capital has garnered C$200 million for its latest energy-focused fund.

Calgary, Alberta-based Annapolis invests in Western Canadian energy companies, especially those involved in oil and liquids exploration and production. And while much has been made of Canada’s shale-oil reserves, Annapolis CEO Peter Williams told The Wall Street Journal he also sees “a significant pool of conventional opportunities.”

Williams said he expects to raise a total of C$300 million for the fund, which would double Annapolis’ assets under management to C$600 million. He said that most of the firm’s investors were institutional, primarily from the U.S.

Such investors “see a market in Canada that is vastly undercapitalized,” he said.

Annapolis’ investments range from about C$35 million to C$150 million.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of