ECP related stories
All articles and analysis
Lime Rock closes $750m energy fundLime Rock Partners, a Connecticut private equity firm, today announced the closing of its fourth energy-focused fund on $750m, nearly as much as its three previous funds combined.
- Power Line Holdings Announces Name Change, Along with Strategic Acquisitions
Power Line Holdings, an Irving, Tex.-based portfolio company of the private equity firm Energy Capital Partners, has changed its name to PLH Group. PLH Group, whose subsidiaries include power delivery construction and maintenance companies has also acquired three companies: Southeast Direction Drilling, M&M Pipeline Services, and Energy Services South. Terms of the transactions are not being disclosed.
- First Reserve closes $7.8bn energy fund
First Reserve, which recently opened offices in Asia, has announced the closing of the largest energy-specific global fund ever raised, at $7.8bn. CEO Bill Macaulay told PEO that investor demand could have made the fund "much larger."
- Lime Rock closes $750m energy fund
Lime Rock Partners, a Connecticut private equity firm, today announced the closing of its fourth energy-focused fund on $750m, nearly as much as its three previous funds combined.
- Addicted to oil
As a recent spate of private equity fund closings and transactions makes clear, it’s not just the American public that is hooked on oil—institutional investors are junkies as well. By Paul Fruchbom.
- Energy funds jolted by dollar surge
Three US energy private equity firms – First Reserve, LS Power Group and Energy Capital – are drawing commitments totaling roughly $13bn for energy and power investment, as LP interest in the strategy surges.
- Social benefits, competitive handicap
Illinois is one of the few states that have passed into legislation a law banning state money from going into Sudan-linked businesses. The rule has already gotten some state pension money banned from certain partnerships. Ken MacFadyen reports.
- Elwin builds its fund
The investor announces its first closing at E105m.
- Craig MacKay Joins England & Company to Head NY Office
Craig MacKay has joined Washington, DC-based middle market merchant bank England & Company as a managing director and head of its newly established New York office. MacKay was previously head of private finance at Oppenheimer & Co.
- Summit Midstream Partners Closes Canyon Acquisition
Summit Midstream Partners has closed the $207 million acquisition of ETC Canyon Pipeline from La Grange Acquisition, a wholly-owned subsidiary of Energy Transfer Partners. Canyon gathers and processes natural gas in the Piceance and Uinta Basins in Colorado and Utah.