Dallas-based Pearl Energy Investments closes fourth fund at $999.9m hard cap in four months

Pearl Energy Investments closed its fourth fund, Pearl Energy Investments IV, L.P., reaching its $999.9m hard cap within just four months of launching. The fund was oversubscribed, reflecting strong investor demand.

Founded in 2015, Pearl specializes in providing investment capital for the upstream and midstream energy sectors. The firm typically focuses on investments requiring $50m to $150m in equity capital, while also leading deals exceeding $400m in equity financing.

Managing partner William J. Quinn expressed gratitude for the ongoing support from investors, attributing the firm’s success to its strong team and track record in energy investing. He emphasized Pearl’s confidence in the current investment landscape and its ability to continue delivering attractive opportunities.

Partner Stewart Coleman credited Pearl’s success to the entrepreneurial approach, technical expertise, and commercial focus of the management teams they back. He also announced the promotions of Steven Cobb and Kevin Pohler to partner, recognizing their significant contributions since the firm’s inception.

Both Cobb and Pohler highlighted their enthusiasm for upcoming investment opportunities and reaffirmed Pearl’s commitment to supporting high-quality management teams.

Kirkland & Ellis LLP acted as fund formation counsel for Pearl Energy Investments IV. Pearl did not engage a placement agent for the fund’s formation.

Source: Business Wire

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