Juniper Capital Advisors has closed its latest fund, Juniper Capital III LP, at its hard cap of $677.5 million which includes a $27.5 million general partner commitment.
“We are extremely thankful for the support and loyalty of our investors and are honored to have them as our partners. It is humbling to have such a diverse and experienced group express such a strong commitment to Juniper Capital III in such a short period of time,” said Edward Geiser, Managing Partner. “We remain excited about the investment opportunities that we are seeing, and look forward to using our unique network and approach to source and prosecute high-quality investments.”
As with earlier funds, Fund III will make lower middle-market equity investments of $25 million to $75 million in private oil and gas companies located in the continental United States. Since 2015, Juniper has invested in nine such companies located in Texas, New Mexico, Colorado, Wyoming and Michigan.
“The past few years have been one of the more tumultuous periods in the oil & gas industry that I have witnessed during my entire career. The quality and experience of the Juniper team, combined with our outstanding management team partners and our blue-chip investor base, has allowed us to capitalize on this volatility, and we expect to continue to generate value for our investors in Juniper Capital III,” said Richard Gordon, Partner.
Juniper was founded in 2003 and has twelve energy-focused professionals with backgrounds in finance, geology, engineering, operations, accounting and law. The firm is headquartered in Houston (www.juncap.com).
“The presence and reputation we have established in the marketplace for lower middle-market exploration and production investments continues to attract great management teams who want to partner with us,” said Kevin Cumming, Partner. “Our mix of technical and finance-oriented professionals allows us to evaluate potential investments quickly and ‘speak the same language’ with existing and potential partners.”
Latham & Watkins provided legal services to Juniper for this fundraise and the firm did not use a placement agent.
© 2018 Private Equity Professional | March 9, 2018