Annapolis Capital’s Fund VII closes in on $300 mln target
Canadian private equity firm Annapolis Capital confirmed that it has to date secured $200 million in commitments for its seventh partnership, Annapolis Energy Fund VII LP. That’s effectively two-thirds of the way to the fund’s $300 million hard-cap target — a target that should be met no later than the fall of 2014. In that event, Fund VII will close at double the capitalization of Fund VI (2011). That’s quite an achievement for the young Calgary-based firm, founded in 2006 by managing partners Peter Williams and Jody Forsyth. And it augers well for a domestic oil and gas sector that has hefty investment spending requirements over the long run but relatively few sources of risk financing.
17 March 2014•5 mins read
