Energy Spectrum Capital, of Dallas, announced Dec. 17 the final closing of Energy Spectrum Partners VII LP, with total capital commitments of $1.225 billion.
The commitments for Fund VII have been provided by 93 limited partners, which are relatively diverse, ranging from private and public pension funds to college endowments, foundations and family offices.
Like its six predecessor funds, Energy Spectrum Partners VII focuses its investment activities primarily on midstream assets within the energy industry, such as oil and natural gas gathering and transportation systems, processing and treating plants, and storage facilities.
As one of the few midstream-focused energy private equity fund managers, Energy Spectrum Capital expects that its extensive relationships and reputation will generate attractive deal flow from high quality, growth-oriented midstream management groups.
Since it was founded in 1996, Energy Spectrum Capital has raised more than $3.5 billion of equity capital. The firm has sponsored more than 46 portfolio companies to date.
Recommended Reading
TC Energy’s Keystone Back Online After Temporary Service Halt
2024-03-10 - As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
Early Startup of Trans Mountain Pipeline Expansion Surprises Analysts
2024-04-04 - Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
Enterprise Gains Deepwater Port License for SPOT Offshore Texas
2024-04-09 - Enterprise Products Partners’ Sea Port Oil Terminal is located approximately 30 nautical miles off Brazoria County, Texas, in 115 ft of water and is capable of loading 2 MMbbl/d of crude oil.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
2024-03-06 - Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.