Pearl Energy Investments announced that it reached its hard cap within four months of launch (on January 31, 2025) and held the oversubscribed closing of Pearl Energy Investments, IV, with total commitments of $999.9 million.
Launched in 2015, Pearl provides investment capital and sponsorship to the energy industry, concentrating on the upstream and midstream sectors. Pearl usually focuses on investments requiring between $50 million and $150 million of equity capital and has led investments exceeding $400 million of equity capital.
Kirkland & Ellis served as fund formation counsel. Pearl did not engage a placement agent in connection with the fund’s formation.
KEY QUOTES:
“We are truly appreciative of the continued loyalty and support of our investors. We believe the confidence they have placed in us is a result of the outstanding team we have built at Pearl combined with a track record that is among the leading firms in the energy investment business. The Pearl team is excited about the current investment environment and looks forward to the opportunity to continue to generate attractive investment opportunities for our partners.”
- William J. Quinn, Managing Partner
“We believe our success is driven by the management teams that we partner with, whose entrepreneurial and capitalist approach, technical acumen and commercial focus create sustainable competitive advantages in their areas of focus. We are also pleased to announce the promotions of Steven Cobb and Kevin Pohler to Partner, both of whom have been important contributors to the firm since our inception.”
- Stewart Coleman, Partner
“We are excited about the potential opportunities in front of us and we look forward to continuing to be value-added partners to our teams.”
- Steven Cobb and Kevin Pohler
