Post Oak raises $600m

The Houston-based firm closes its fourth institutional fund at hard cap.

Post Oak Energy Capital closed its fourth flagship fund at its hard cap of $600 million.

Post Oak Energy Partners IV will continue the firm’s strategy of making equity investments in the upstream sector of the North American oil and gas industry. According to the firm’s press release, Post Oak expects the fund to begin investing in early 2018.

The Houston-based firm’s predecessor vehicle, Post Oak Energy Partners III, closed at $600 million in 2016. The Florida State Board of Administration was among the limited partners in this fund.