Pearl Energy Investments Raises $705 Million Fund to Target Permian
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Pearl Energy Investments has closed on its third fund, Pearl Energy Investments III, and affiliated funds, with total commitments of approximately $705 million which represents the largest investment vehicle in Pearl’s history.
Founded in 2015, Pearl manages approximately $1.9 billion of cumulative capital commitments across a series of funds, and is a leading provider of equity capital and sponsorship to the North American energy industry. Pearl typically targets equity investments of $25 million to $150 million, and has led investments requiring in excess of $400 million.
“We are thankful for the trust and support of our investors. In what has been a challenging time for traditional energy, the Pearl team’s disciplined investment approach has allowed us to make significant distributions to our investors over the past several years,” said Billy Quinn, managing partner of Pearl.
“We are humbled that our diverse group of existing and new investors has entrusted us to steward its capital and will work diligently to continue to generate excellent risk-adjusted returns,” added Quinn.
Our conviction in the attractiveness of the current investment environment is driven by persistent global demand, continued underinvestment in supply and limited access to capital for natural resources. We have built an exceptional team at Pearl and remain focused on supporting entrepreneurs and being value-additive partners to our management teams,” said Stewart Coleman, partner at Pearl.
Pearl Energy Investments is a Dallas-based energy investment firm with $1.9 billion of committed capital under management. Pearl focuses on partnering with proven management teams to invest in the lower-to-middle market North American energy sector.
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