-Investor appetite for energy-focused private equity continues to be strong –
Rowayton, CT, July 21, 2015 – Eaton Partners (“Eaton”), the largest independent, partner-‐owned, global fund placement agent, is pleased to have served as the exclusive placement agent for the third institutional fund managed by Ridgewood Energy Corporation (“Ridgewood”), with final commitments of more than $1.9 billion. The fund, Ridgewood Energy Oil & Gas Fund III, LP (the “Fund”) will continue the firm’s successful strategy of finding and developing oil in the deepwater Gulf of Mexico for $20 per barrel or less.
The Fund was oversubscribed and exceeded its target of $1.5 billion. It received support from both new and existing investors including state and corporate pensions plans, university endowments and foundations and private wealth managers and family offices.
Based in Houston and Montvale, N.J., Ridgewood Energy brings extensive operating, technical and geological expertise to drilling and developing oil and gas projects in the U.S. waters of the Gulf of Mexico. The firm’s latest fund follows its second fund, which closed in early 2014 with $1.1 billion in capital commitments. The firm also manages substantial capital and commitments for investment in the deepwater Gulf of Mexico on behalf of Riverstone Holdings, which has invested alongside Ridgewood Energy’s funds since 2010.
”Ridgewood Energy’s successful fund raise is indicative of the continued investor demand for focused, sophisticated, and experienced managers in the energy sector and the opportunity they see as a result of the recent dislocation in oil prices,” said Jeff Eaton, Partner at Eaton Partners. “We were proud to be Ridgewood Energy’s partner again in their third successful fundraise.”
About Eaton Partners Founded in 1983, Eaton Partners is the oldest, largest and most experienced fund placement agent inthe world, having raised more than $66 billion across 86 highly differentiated funds. With over 60 professionals across offices in North America, Europe and Asia, the firm raises institutional capital for investment managers across a full range of alternative strategies – private equity, real assets, real estate and hedge funds/public market strategies. Eaton Partners is currently in the market with funds whose strategies include: private equity, sector-‐specific and general buyout, real estate, energy, agriculture, growth equity, opportunistic credit/special situations/distressed, event driven, long/short equity, midstream and MLPs, and emerging markets equity. Partnering with a select number of the highest-‐ quality fund managers, Eaton Partners has represented some of the most innovative funds of the last three decades. With extensive institutional relationships, deep sector knowledge, fresh insights and apartner-‐driven approach, Eaton Partners is dedicated to every client’s success.
Eaton Partners, LLC, is a Registered Broker-‐Dealer and a member of FINRA and is also registered as an Introducing Broker with the Commodity Futures Trading Commission and member of the National Futures Association (NFA). Eaton Partners (UK) LLP is authorized and regulated by the Financial Conduct Authority (FCA). Eaton Partners Advisors (HK) Limited is approved as a Type 1 License company under the Securities and Futures Commission (SFC) in Hong Kong. Eaton Partners and the Eaton partners logo are trademarks of Eaton Partners, LLC, a limited liability company ® Eaton Partners, LLC, 2015. To learn more, please visit www.eatonpartnersllc.com.
For more information, please contact:
Dukas Public Relations
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