Leading sustainable infrastructure private equity firm Five Point Energy announced the final closing of Five Point Energy Fund IV LP, receiving approximately $1.4 billion in cumulative capital commitments. Fund IV was oversubscribed and exceeded the target of $1.25 billion.
Fund IV is a continuation of Five Point’s successful strategy, utilizing the firm’s direct operating model, disciplined capital deployment into an undercapitalized market and attractive long-term value generation. And Five Point features a highly experienced team with an exceptional track record, led by David Capobianco, CEO and Managing Partner, and Matthew Morrow, COO and Managing Partner.
Since the firm’s inception, Five Point raised about $4 billion of limited partner commitments across four distinct funds and a yield fund, with each vintage increasing in size. Fund IV received support from institutional investors including endowments, public pensions and family offices.
KEY QUOTES:
“We thank our existing limited partners and new investors for their overwhelming support. The closing of Fund IV is an endorsement of our team’s demonstrated strategy of establishing and operating best-in-class sustainable infrastructure platforms, including the highly successful initial public offering of LandBridge. Likewise, since our inception in 2012, Five Point has been a pioneer of midstream water management systems. We are proud to have progressively addressed the produced water needs of our blue-chip clients and to continuously bring next generation solutions, including recycling, enhanced evaporation and desalination technologies to our partners.”
“The demand for energy, land and water resources is accelerating by the day, across all industries – we sit at the intersection of these macro and infrastructure trends. Five Point is uniquely positioned to address the needs of all stakeholders with innovative midstream and land resourcing solutions to advance their business and environmental objectives. The opportunities before us are vast and compelling.”
– David Capobianco
