Pelican Energy Partners, a Houston, TX-based private equity firm focused solely on energy service and equipment company investments, completed the fundraising for Pelican Energy Partners, III, LP, at $233m.
Commitments came from endowments, foundations, family offices and public pensions.
Led by Mike Scott, Founder and Managing Partner, Pelican Energy Partners focuses exclusively on energy service and equipment investments in small companies with differentiated offerings. It has a team of 15 investment and operating professionals, including five individuals who have worked as CEOs in the energy sector, and have deployed an aggregate of over $500m of equity capital over their careers as entrepreneurs, operators and investors.
Champlain Advisors, LLC served as the exclusive placement agent and Baker Botts L.L.P. served as legal counsel.