- Pearl Energy Investments announced the closing of its oversubscribed fourth fund at a hard cap of $999.9 million on January 31, 2025. - The fund achieved this milestone in just four months since its launch. - Pearl focuses on providing capital to the energy industry, particularly in the upstream and midstream sectors. - The firm typically invests between $50 million and $150 million of equity capital and has led over $400 million in investments. - Managing Partner William J. Quinn expressed gratitude for the loyalty and support of investors, attributing success to the team's capabilities and track record. - Partner Stewart Coleman emphasized the firm’s focus on partnering with management teams that possess technical expertise and commercial insight. - Steven Cobb and Kevin Pohler were promoted to Partner, acknowledged for their significant contributions to the firm. - Pearl has around $3.0 billion in capital under management, concentrating on the North American energy sector. - Kirkland & Ellis LLP served as legal counsel for fund formation without the engagement of a placement agent.

Pearl Energy Investments Closes Oversubscribed Fourth Fund at $999.9 Million Hard Cap in Four Months:


February 04, 2025 08:30 AM Eastern Standard Time

DALLAS--(BUSINESS WIRE)--Pearl Energy Investments (“Pearl”) is pleased to announce that on January 31, 2025, it reached its hard cap, within four months of launch, and held the oversubscribed closing of Pearl Energy Investments, IV L.P. with total commitments of $999.9 million.

Founded in 2015, Pearl is a provider of investment capital and sponsorship to the energy industry, concentrating on the upstream and midstream sectors. Pearl typically focuses on investments requiring between $50 million and $150 million of equity capital and has led investments exceeding $400 million of equity capital.

William J. Quinn, Managing Partner, said: “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.”

“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,” added Stewart Coleman, Partner. “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.”

“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,” said Steven Cobb and Kevin Pohler.

Kirkland & Ellis LLP served as fund formation counsel. Pearl did not engage a placement agent in connection with the formation of the fund.

About Pearl

Pearl Energy Investments is a Dallas, Texas-based investment firm with approximately $3.0 billion of capital under management. Pearl focuses on partnering with experienced management teams to invest in the North American energy sector.

Contacts

Media Contact:
Meredith Howard
Redbird Communications Group
Meredith@redbirdpr.com