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February 04, 2025 08:30 AM Eastern Standard Time
DALLAS–(BUSINESS WIRE)–Pearl Energy Investments (“Pearl”) is pleased to announce that on January 31, 2025, it reached its hard cap, within four months of launch, and held the oversubscribed closing of Pearl Energy Investments, IV L.P. with total commitments of $999.9 million.
Founded in 2015, Pearl is a provider of investment capital and sponsorship to the energy industry, concentrating on the upstream and midstream sectors. Pearl typically focuses on investments requiring between $50 million and $150 million of equity capital and has led investments exceeding $400 million of equity capital.
William J. Quinn, Managing Partner, said: “We are truly appreciative of the continued loyalty and support of our investors. We believe the confidence they have placed in us is a result of the outstanding team we have built at Pearl combined with a track record that is among the leading firms in the energy investment business. The Pearl team is excited about the current investment environment and looks forward to the opportunity to continue to generate attractive investment opportunities for our partners.”
“We believe our success is driven by the management teams that we partner with, whose entrepreneurial and capitalist approach, technical acumen and commercial focus create sustainable competitive advantages in their areas of focus,” added Stewart Coleman, Partner. “We are also pleased to announce the promotions of Steven Cobb and Kevin Pohler to Partner, both of whom have been important contributors to the firm since our inception.”
“We are excited about the potential opportunities in front of us and we look forward to continuing to be value-added partners to our teams,” said Steven Cobb and Kevin Pohler.
Kirkland & Ellis LLP served as fund formation counsel. Pearl did not engage a placement agent in connection with the formation of the fund.
About Pearl
Pearl Energy Investments is a Dallas, Texas-based investment firm with approximately $3.0 billion of capital under management. Pearl focuses on partnering with experienced management teams to invest in the North American energy sector.
Contacts
Media Contact:
Meredith Howard
Redbird Communications Group
[email protected]