Cleantech magazine, a Cleantech Investor publication
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Fund: Lime Rock Partners V |
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First published in Cleantech magazine, September 2008. Copyright Cleantech Investor Ltd. 2008
Closing at: $1.4bn
Stage: Final close
Following its launch in February 2008, Lime Rock Partners´ fifth vehicle held its final closing at $1.4 billion. LPs were asked to invest a minimum of $5 million: the largest contribution is said to represent about 6% of the vehicle.
LRP´s fund has some 78 backers, which include endowment and pension funds as well as charities, financial services institutions, fund-of-funds, family offices and individuals - mainly from the US. The majority of the capital comes from existing investors and industry standard terms and conditions apply.
Investment focusThe new fund will focus on providing growth capital to businesses operating in the production and exploration of traditional and alternative energy, as well as oil service technology. LRP will aim to take majority stakes and for the exit route for its investments to be predominantly trade sales. Funds run by LRP have around $1 billion under management represented by 47 energy portfolio companies mainly based in the US, Canada and European countries.
Contact: Jonathan Farber, John Reynolds
Lime Rock Partners
518 Riverside Avenue
Westport, CT 06880
US
Tel: +1 203 293 2750
Fax: +1 203 293 2760 |
