HOUSTON, Nov. 8, 2017 /PRNewswire/ -- V3 Commodities Group Holdings, LLC, ("V3") today announced that it has closed an initial funding round of $50 million, led by Colbeck Capital Management ("Colbeck"). The company will use the proceeds to provide capital support to retail energy providers ("REPs") and support its wholesale energy supply business.
V3 provides capital and risk management services to REPs which operate in the deregulated North American energy markets. The principal areas of focus are: i) trade credit and working capital facilities, ii) electricity and natural gas supply; and iii) risk management, natural gas logistics and other physical market services. Given the sophisticated pricing and risk management capabilities of the firm, V3 also anticipates participating in M&A opportunities in the sector.
V3 is based in Houston and maintains offices in New York and Baltimore.
J. Scott Perry, CEO of V3 Commodities Group Holdings, said "We have built one of the strongest retail risk management teams in this sector. Our ability to evaluate and manage commodity risk allows our clients to focus on what they do best, marketing energy products." With respect to the capital markets, he said "Our in-house capabilities provide a significant de-risking of our capital commitments," adding that "having Colbeck as a partner allows us to look at a variety of opportunities related to North American retail energy."
V3 expects to close its first retail clients as early as this week.
About Colbeck Capital Management
Colbeck is a strategic lending fund with operations in New York City and Los Angeles. Colbeck embraces a partnership approach with entrepreneurs, management, and equity sponsors to deliver flexible financing solutions. For more information, visit www.colbeck.com.