Lex Capital Management raises $142.5 mln for third energy fund
Canadian private equity firm Lex Capital Management has secured $142.5 million for its third energy fund, Lex Energy Partners LP III. The fund surpassed its target of $75 million, and approached its hard cap of $150 million, thanks to commitments from Canadian and U.S.-based high net worth individuals, pension funds, foundations, family offices and other institutional investors. Lex Capital CIO Dean Popil said Fund III will focus on "the growing pipeline of opportunities that we are currently seeing in this low price environment." Deals involving early-stage oil companies operating in Saskatchewan and other parts of Western Canada may include acquisition opportunities and distressed situations.
11 January 2016•3 mins read
