DENVER, Feb. 4, 2019 /PRNewswire/ -- Morse Energy Capital Partners ("Morse Energy", or "the Firm"), a Denver-based private equity firm focused on the oil and gas sector, announced that the Firm raised over $100 million in committed capital and deployed over $50 million of investment capital across five new E&P investments in 2018. The deals represent the successful deployment of capital into assets which through a comprehensive diligence process were identified as deeply discounted by markets and offered substantial upside via strong cash on cash returns from current cash flow as well as significant capital appreciation potential.
The Firm has identified multiple privately negotiated deals still available in the market today that offer similarly attractive investment opportunities. Morse Energy continues to seek investment opportunities where it can leverage its strong reputation and operational expertise to invest in transactions in the lower middle market where access to capital is limited and the Firm can optimize for strong returns at a lower risk. The Morse Energy funds target privately-negotiated, structured equity, credit, and asset level investments.
"Our strategy of opportunistically investing in undervalued assets and optimizing them proved to be extremely effective in the course of 2018," said Morse Energy Capital Partners President and Founder Brad Morse. "We continue to see opportunity and balance sheet distress in the space, and we believe 2019 will be a transformative year for the Firm."
Morse Energy Capital Partners changes its name to Fulcrum Energy Capital Funds
"As a part of that transformation, we believe it is appropriate to take on a name that reflects the full depth of our team's experience," continued Mr. Morse. "To that end, we have decided to rebrand the Firm to Fulcrum Energy Capital Funds. For our portfolio companies, the capital provided by Fulcrum is the lever which elevates their business from where it is today to where they want it to be."
The Fulcrum Energy Capital Funds ("Fulcrum") team has over 70 years of experience in the oil and gas space encompassing corporate finance, business development, reservoir engineering, drilling and completion, and structuring opportunistic investments across the capital structure.
"Our unique combination of experience, a disciplined investment approach, outstanding reputation, and a robust deal flow pipeline has made the Firm what it is today. I look forward to working with our team to continue executing on low-risk, high-return investments, making Fulcrum a leading lower middle market special situations and credit focused upstream oil and gas asset manager," said Mr. Morse.
For 2019, Fulcrum Energy Capital Funds sets its sites on continued growth
"In the coming year, we will benefit from strong market dynamics in an underserved and fragmented part of the market," continued Mr. Morse. "In an industry that is out-of-favor with year-on-year global demand for traditional energy sources continuing to rise, the Fund's disciplined investment strategy is set to capitalize on opportunistic and special situation investing across the capital structure by implementing a value-oriented investment philosophy to an industry that is largely focused on growth."
Fulcrum Energy Capital Fund II recently launched and is currently raising capital from potential investors as well as evaluating new investment opportunities.
About Fulcrum Energy Capital Funds
Fulcrum Energy Capital Funds is a Denver, Colorado-based private investment firm focused on direct lower middle market oil and gas investment opportunities in North America. The Fulcrum Funds target privately-negotiated, structured equity, credit, and asset level investments. Fulcrum currently manages more than $100 million in committed capital under a team with more than 70 years of experience across hundreds of energy industry deals. For more information, please visit fulcrumef.com.
410 17th Street, Suite 1110
Denver, CO 80202
SOURCE Fulcrum Energy Capital Funds