Dec 17, 2025 4:00 PM Eastern Standard Time
DALLAS–(BUSINESS WIRE)–Tricrest Management LLC (“Tricrest”), formerly known as Cresta Investment Group, today announced the closing of its second energy fund (“Fund II”), exceeding its target and bringing the firm’s total capital commitments to more than $440 million. Fund II represents Tricrest’s third investment vehicle and will focus on direct upstream investments across the continental United States.
“We are firm believers that success is built on trust and alignment, and we are deeply grateful for our partners’ continued support and the partnerships we have established across the industry,” said Edward Banner III, Founder and Managing Partner of Tricrest. “We look forward to building on the momentum of our prior funds and are encouraged by the current investment environment, which continues to present compelling opportunities to create value for our partners.”
Founded in 2021, Tricrest is a Dallas-based investment firm structured to serve the interests of qualified individuals, family offices, and institutions in the energy sector. The firm employs an opportunistic investment approach emphasizing long-term capital appreciation and value preservation to deliver attractive risk-adjusted returns across market cycles.
King & Spalding LLP served as legal counsel to Tricrest for the formation of Fund II. Tricrest did not engage a placement agent in connection with the capital raise.
About Tricrest Management LLC
Tricrest Management LLC is a Dallas-based private investment firm with over $440 million in cumulative equity commitments. The firm is led by Edward Banner III and focuses on making direct investments in the upstream energy sector. For more information, please visit www.tricrest.com or contact Tricrest at [email protected].
Contacts
Media Contact:
Meggan Morrison
Redbird Communications Group
[email protected]