Buyout Shop Raises $280 Million Maiden Energy Fund

Jun 27 2008 | 3:10am ET

Intervale Capital has closed its debut buyout fund, Intervale Capital Fund, with commitments of $280 million.

The firm plans to deploy more than $500 million in borrowed funds to buy oilfield services companies, taking control positions in six to eight platform companies in North America and Western Europe.

To date, the fund has completed two deals involving companies deploying oilfield technology, according to Charles Cherington, co-founder of Intervale.

Greenwich, Conn.-based Champlain Advisors served as Intervale’s placement agent in raising the fund.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…