Juniper Capital launches Fund II targeting $500m

The energy-focused firm seeks to make growth investments of up to $75 million.

Juniper Capital has launched its Juniper Capital II with a target of $500 million, according to the firm’s filing with the US Securities and Exchange Commission.

Juniper looks to fill a gap in the North American energy sector, where less than one-fifth of capital raised since 2008 by domestic energy private equity funds is targeted at investments between $25 million and $75 million, the firm’s website said.

Juniper has invested over $650 million in equity across the upstream, midstream and oilfield services since 2003.

The firm is focused on growth equity, according to PEI’s Research & Analytics division.

Its current investments include Brazos River Exploration and White Mountain in Texas and Michigan.

Juniper was established in 2003 by Richard K. Gordon, who was previously vice chairman of Merrill Lynch’s investment banking group and head of energy, power, structured finance and Canadian groups, according to its website.

At the time of filing, the fund had not received any commitments.

Champlain Advisors is the placement agent for the fund, the filing said.

A spokesperson for Juniper was not available to comment.