Houston-based Post Oak Energy Capital, LP, closed its third fund, at its hard cap of $600m.
Post Oak Energy Partners III, LP, will pursue the same strategy as the first two funds (Post Oak Energy Partners, LP and Post Oak Energy Partners II, LP) with equity investments in North American oil and gas companies, oilfield services and related infrastructure.
Funding from Post Oak will continue to be used for growth capital, development acceleration, acquisitions and recapitalization purposes.
The composition of Post Oak’s initial funds include 16 investments: 14 regionally focused oil and gas companies, one oilfield service company and one midstream company.
Established in 2006 Post Oak is an energy-focused private investor. Led by Frost Cochran, Managing Director, the firm’s management team has executive management experience and a broad network in the energy business as well as expertise in equity investments, operations, development, finance, acquisitions and divestitures.