Five Point Capital Partners LLC, a The Woodlands, Texas-based private equity firm focused on investments in the midstream energy infrastructure sector, closed Five Point Capital Midstream Fund I and II L.P.
Total equity commitments to the fund were in excess of $450m. Support came from a diversified base of investors, including public pension funds, university endowments and foundations, multi-national corporations, insurance companies, fund-of-funds, and family offices.
Founded in 2011 by partners David Capobianco and Matthew Morrow, the vehicle focuses on investments in the midstream energy infrastructure sector.
To date, the fund has made an investment in Twin Eagle Resource Management, a midstream energy infrastructure and energy marketing business, and backed a management team to form Redwood Midstream, a multi-phase oil, gas, and liquids gathering and processing business.