Bapco Energies Announces Investment in Kimmeridge Fund VII

Investment through its corporate venture arm, BeVentures, establishes foundation for exploring opportunities across the natural gas and LNG value chain

MANAMA, Bahrain, Nov. 11, 2026 /PRNewswire/ -- Bapco Energies, the integrated energy Group dedicated to powering the next generation and securing Bahrain's long-term energy, announced that it has made an investment in Kimmeridge Fund VII, the flagship fund of Kimmeridge, an asset manager focused on the energy sector. The investment was made through Bapco Energies' corporate venture arm, BeVentures.

The transaction marks the first fund investment in BeVentures' portfolio and establishes a strategic partnership between Bapco Energies and Kimmeridge Fund VII. The investment also establishes a framework for exploring opportunities across the natural gas and LNG value chain, while providing visibility into potential future co-investment opportunities that support the Kingdom of Bahrain's long-term energy priorities.

Mark Thomas, Group Chief Executive Officer of Bapco Energies, said: "Engaging with leading organizations across the global energy sector is an important part of how we strengthen our capabilities and support our long-term objectives. Kimmeridge's technical expertise and strong presence in North America provide valuable perspectives as we continue to advance the Group's strategic priorities and support the Kingdom's evolving energy needs."

Areije Al Shakar, Chief Executive Officer of BeVentures, said: "This investment represents an important milestone for BeVentures and reflects our focus on partnering with highly specialized investors that bring deep sector expertise and differentiated market insight. We look forward to working with Kimmeridge and exploring opportunities that support long-term value creation while advancing our strategic objectives."

Dr. Neil McMahon, Co-Founder and Managing Partner at Kimmeridge, said: "Our partnership with Bapco Energies marks a further step in Kimmeridge's commitment to the Middle East. We are proud to support the region's energy ambitions, contributing to economic growth and transformation, while creating lasting value for our investors and partners."

Fayçal Benjelloun, Managing Director and Head of Middle East at Kimmeridge, said: "We are delighted to welcome Bapco Energies as an investor and appreciate the trust placed in our team. We continue to build enduring relationships with regional institutions through close engagement and shared expertise, and look forward to working with the Bapco team to explore opportunities across the natural gas and LNG value chain."

Through the partnership, Bapco Energies will gain access to Kimmeridge's natural gas and LNG expertise, proprietary research, and sector specialists.

About Bapco Energies   
Bapco Energies is the integrated energy company dedicated to powering the next generation and securing Bahrain's long-term energy supply. Under the chairmanship of His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty's Representative for Humanitarian Works and Youth Affairs, the company drives growth across the energy value chain, guided by the Blueprint Bahrain framework and a commitment to a sustainable energy future.

Bapco Energies operates through a diversified portfolio of wholly owned subsidiaries: Bapco Refining, Bapco Upstream, Bapco Gas, Bapco Tazweed, and BeVentures, as well as Bapco Air Fueling, in which Bapco Energies holds a majority shareholding. The company has also established BxT Trading, a joint venture with TotalEnergies focused on petroleum products trading.

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About Kimmeridge:
Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager focused on the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management, proprietary research, and data gathering.

For media inquiries please contact [email protected]

SOURCE Kimmeridge Energy