Quantum Energy finds $345m for Fund III

The Texas oil and gas specialist drew an A-list of limited partners.

Houston-based Quantum Energy Partners today announced a final close for its third fund, rounding up a total of $345.5 million (€292 million).


The fund’s limited partners include General Motors Asset Management, Goldman Sachs, DuPont Capital, Duke University, Delta Airlines Benefit Trust, Stanford University, Verizon Investment Management, Ewing Marion Kauffman Foundation and Morgan Stanley.


Quantum Energy, with auxiliary offices in Lubbock and Albany, Texas, is led by managing partners Wil VanLoh, Toby Neugebauer and AV Jones. Prior to co-founding Quantum, VanLoh co-founded Windrock Capital, an energy investment banking firm specializing in raising private equity and providing merger, acquisition and divestiture advice for energy companies. Prior to Windrock, he was an investment banker in Kidder, Peabody & Co.'s Natural Resources Group.


Neugebauer also co-founded Windrock Capital. Prior to Windrock, he was an investment banker with Kidder Peabody.


Jones comes from a private investment background as well as ‘decades of experience’ owning and operating his own exploration and production companies, according to a press release. He is a former chairman of the IPAA and a former president of the National Stripper Well Association and the West Central Texas Oil and Gas Association.