Pelican Energy Partners raises $233m

The Houston-based firm holds a final close on its 'significantly oversubscribed' third fund.

Pelican Energy Partners held a final close on its third flagship fund, Pelican Energy Partners III, at $233 million.

The fund, which was “significantly oversubscribed” according to Pelican’s press release, will continue the Houston-based firm’s strategy of targeting small North American companies specialising in energy services and equipment.

The firm’s predecessor vehicle closed on $210 million in 2016.