Pearl Energy Investments Hits $600M Hard Cap With Second PE Fund

Jul 19 2017 | 10:17pm ET

Energy sector specialist Pearl Energy Investments has raised $600 million in capital commitments for its second private equity fund, hitting the hard cap. 

The new fund, named Pearl Energy Investments II, P. will make investments of between $25 million and $75 million into upstream, midstream and services companies in the North American energy sector, according to a statement.

Kirkland & Ellis LLP served as fund formation counsel. Pearl did not engage a placement agent in connection with the formation of the fund.

Dallas-based Pearl Energy Investments was founded in 2015 by industry veterans Billy Quinn and Chris Aulds. The company is a energy investment firm with $1.1 billion of committed capital under management deployed into primarily lower-to-middle market North American upstream, midstream, and oilfield services firms.

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