Kimmeridge Energy Management Company, LLC, an energy focused private equity firm focused on making direct investments in unconventional oil and gas assets in the U.S., closed Kimmeridge Energy Fund IV, at $400m.
The fund received support from a diversified base of existing and new investors, including university endowments, foundations, family offices, public pension funds and a sovereign wealth fund.
In conjunction with co-investments alongside the fund, Kimmeridge has raised total capital commitments of $650m to invest in upstream oil and gas opportunities. Inclusive of Fund IV, its related co-investments, and a $350m Permian-focused minerals fund, Kimmeridge has raised over $1 billion of limited partner commitments in 2017, and approximately $1.7 billion since the firm’s founding in 2012.
Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an energy private equity firm focused on making direct investments in unconventional oil and gas assets in the U.S. The firm identifies, owns and operates each of its assets directly, maintaining an in-house geology and operating team with experience across all major E&P functions.
Fund IV, currently 58% deployed, is focused on directly acquiring and developing unconventional assets in top-tier basins that sit at the front end of the U.S. cost curve and are positioned to outperform through the commodity price cycle.