DALLAS, April 3, 2017 /PRNewswire/ -- Edge Natural Resources LLC ("Edge") today announced the closing of its second private equity fund, ENR Partners II LP (the "Fund"), with $650 million in total commitments.
"We are extremely grateful for the continued confidence our investors showed in our team and strategy," the Edge founding partners jointly commented. "The strong support from our existing investor base along with a handful of select new investors allowed us to conclude the fundraising process in under ten weeks from launch to closing with demand far exceeding our self-imposed hard cap on commitments."
The Fund's investment strategy and focus will be the same as ENR Partners LP, Edge's inaugural $445.7 million fund that held its final closing in August of 2015. Specifically, the Fund will make investments alongside veteran operating teams in upstream and oilfield service transactions requiring between $25 million and $75 million in equity capital.
Gibson, Dunn & Crutcher LLP served as Fund formation counsel. Edge did not engage a placement agent in connection with the formation of the Fund.
Edge Natural Resources LLC is a Dallas-based private equity firm focused on small-cap investments in the North American energy industry. For additional information, please email [email protected] or visit www.edgenr.com.
SOURCE Edge Natural Resources LLC