Carnelian Energy Capital Closes Second Private Equity Fund, at $600M

Carnelian Energy Capital Management, L.P., a Houston, TX-based firm focused on investing in the lower-to-middle market oil and gas sector, closed its oversubscribed second fund, Carnelian Energy Capital II, L.P., at $600m.

Founded by Tomas Ackerman and Daniel Goodman, Carnelian focuses on equity line-of-credit investments in the North American upstream, midstream and oilfield services sectors.
The firm’s inaugural $400 million fund closed in 2015 and includes partnerships with Bison Oil & Gas Partners, LLC, Bison Oil & Gas Partners II, LLC, Grit Oil & Gas Partners, LLC, OneEnergy Partners, LLC, Percussion Petroleum, LLC, and Shot Hollow Partners, LLC, among others.

Carnelian has $1 billion of cumulative equity commitments.



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