Ridgemont Closes New Fund

Ridgemont Equity Partners has held a final above target closing of Ridgemont Equity Partners Energy Opportunity Fund LP (EOF) with $320 million in capital commitments.

The EOF is a companion fund to Ridgemont’s $995 million fund, Ridgemont Equity Partners II LP (REP II), which closed in November 2015. The EOF and REP II invest side-by-side in the firm’s energy sector investments.

“We have scaled our platform to capitalize on the attractive opportunities we are seeing in energy today,” said John Shimp, a Partner at Ridgemont. “It is important to have a long-term view in this industry and we have been active but disciplined in our deployment of capital through commodity cycles.”

Ridgemont Equity Partners invests from $25 million to $100 million per transaction in companies that have from $5 million to $30 million of EBITDA. Sectors of interest include basic industries and services; energy; healthcare; and technology and telecommunications. The principals of Ridgemont have deployed more than $4 billion in 141 investments since 1993 and more than a quarter of the firm’s invested capital has been funded in Ridgemont’s energy strategy investments.

“Ridgemont employs a diversified investment strategy across basin, commodity and the value chain, and seeks to back successful teams multiple times over,” said Cay Freihofer, a Principal at Ridgemont. “The EOF enhances our ability to build a high-quality middle market energy portfolio.”

San Francisco-based Brooklands Capital Strategies (www.brooklandscapital.com) served as the fundraising advisor for the EOF.

Ridgemont Equity Partners is headquartered in Charlotte with an additional office in Dallas (www.ridgemontep.com).

© 2017 Private Equity Professional | November 9, 2017

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