Post Oak raised $764 million in total capital, including co-investments.
Fund V has committed capital to five portfolio companies across Permian, Utica and Haynesville basins.
HOUSTON–(BUSINESS WIRE)–Post Oak Energy Capital, LP (“Post Oak”) today announced the closing of Post Oak Energy Partners V, LP (“Fund V”) in May 2025 with capital commitments totaling $600 million. The firm raised a total of $764 million for the strategy, including a co-investment vehicle, from a combination of legacy and new investors.
Consistent with Post Oak’s four predecessor primary funds, Fund V will focus on the lower middle market segment of the North American upstream oil and gas industry. The Fund partners with experienced management teams to provide equity capital for growth, development, acquisitions, and recapitalizations. At present, Fund V has made commitments to five portfolio companies, with capital deployed across the Permian, Utica, and Haynesville basins. One of these investments involves a substantial minerals and royalty position that generates significant current yield and offers a strong growth profile in the core of the Permian Basin.
“We are pleased to announce the closing of Fund V, supported by a combination of legacy and new investors, all of whom we are honored to call partners,” said Frost Cochran, Managing Director of Post Oak. “We have captured exceptional opportunities in our lower middle market niche, and our investment team is actively sourcing additional portfolio investments to drive the consistent fund level performance our investors expect from Post Oak.”
Since inception, the firm’s funds have collectively invested in over 30 portfolio companies and raised approximately $3 billion in capital across managed funds and related vehicles. Post Oak focuses on a balanced and risk adjusted basis to generate both current yield and long-term growth across the energy value chain with a focus on the oil & gas upstream and minerals and royalty sectors.
Willkie Farr & Gallagher LLP acted as legal counsel to Post Oak Energy Capital, and Capstone Partners, a Mizuho Company, served as a placement agent for the final close of Fund V.
About Post Oak Energy Capital
Founded in 2006, Post Oak Energy Capital, LP is a Houston-based private equity firm focused on the North American energy sector. The firm’s senior leadership brings extensive industry experience, complemented by a team of investment professionals with deep networks and expertise across equity investments, operations, development, finance, acquisitions, and divestitures. Post Oak primarily targets private investments in the upstream and minerals & royalty sectors and has raised over $3 billion of capital across five funds since inception.
For more information, visit www.postoakenergy.com.
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