Lex Capital raises initial $128 mln for fourth energy fund
Lex Capital Management has secured $127.5 million in committed capital in the first close of its fourth energy private equity fund. Lex Energy Partners LP IV, targeted at $200 million, was backed by a range of North American limited partners, according to a news release. They included individuals, foundations, family offices and institutional investors. Fund IV will maintain Regina-based Lex's strategy of providing seed, growth or acquisition capital to private early-stage oil and gas companies operating in Western Canada. Since its inception in 2009, the firm has raised more than $417 million across four energy funds and one diversified fund.
3 January 2019•2 mins read
