Lime Rock Resources, a Houston-based private equity firm focusing on the global energy sector, closed its fourth fund, at $754m.
As with the three previous Lime Rock Resources funds, Lime Rock Resources IV will seek to acquire, improve, and directly operate producing oil and gas properties in the United States.
The firm’s team – led by Eric Mullins and Charlie Adcock, co-Chief Executive Officers – launched the fundraising process for Fund IV in November 2015, held its first close in February 2016, and its final close in May 2016.
The previous fund, Lime Rock Resources III, held its final close in October 2013 on $750 in investor capital commitments.
Since inception in 2005, the Lime Rock Resources funds have made 23 major acquisitions in basins throughout the United States, primarily in Texas, Oklahoma, New Mexico, and North Dakota.