Pearl Energy Investments closes second fund

Pearl Energy Investments has announced that it held its first and final closing of Pearl Energy Investments II, L.P. at its hard cap with total commitments of US$600 million. 

Pearl is a provider of equity capital and sponsorship to the energy industry, concentrating on the upstream, midstream, and services sectors. Pearl targets equity investments between US$25 million and US$75 million, and has led investments requiring in excess of US$125 million of equity capital. 

Kirkland & Ellis LLP served as fund formation counsel. Pearl did not engage a placement agent in connection with the formation of the fund. 

William J. Quinn, Managing Partner, said:

“We are truly appreciative for 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 the high quality of investments in our portfolio. The Pearl team continues to be excited about the current investment environment and looks forward to the opportunity to generate attractive risk-adjusted rates of return for our partners.”