Pearl Energy Investments Closes $999.9 Million Fund in Four Months
Funding | Feb 04, 2025 | Pearl Energy Investments
Pearl Energy Investments, a Dallas-based investment firm specializing in the energy sector, has successfully closed its fourth fund, Pearl Energy Investments, IV L.P., at $999.9 million, reaching its hard cap within just four months. Founded in 2015, Pearl targets upstream and midstream sectors, typically investing between $50 million and $150 million in equity capital, though it has exceeded $400 million in some cases. The firm attributes its success to strong relationships with entrepreneurial management teams and its own experienced team. Notably, Pearl did not employ a placement agent for this fund's formation, utilizing Kirkland & Ellis LLP for legal counsel instead. With roughly $3 billion under management, Pearl continues expanding its influence in the North American energy sector. Recent promotions within the company also highlight its internal growth and commitment to cultivating talent.
Sectors
- Energy Investment
- Private Equity
Geography
- United States – Pearl Energy Investments is based in Dallas, Texas, and focuses on investments within the North American energy sector.
Industry
- Energy Investment – The article centers around Pearl Energy Investments, a firm investing in the energy sector, specifically within upstream and midstream operations.
- Private Equity – Pearl Energy's activity in raising and deploying investment capital into energy projects demonstrates the role of private equity in strategic sector funding.
Financials
- $999.9 million – The total commitments for Pearl Energy Investments, IV L.P., reaching the fund's hard cap.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pearl Energy Investments | Investment Firm | Company | A Dallas-based investment firm focused on the energy sector, with approximately $3 billion under management. |
| William J. Quinn | Managing Partner | Person | The Managing Partner of Pearl Energy Investments, associated with overseeing the fund's successful closing. |
| Stewart Coleman | Partner | Person | A partner at Pearl Energy Investments who spoke on the firm's investment strategy. |
| Steven Cobb | Partner | Person | Recently promoted to Partner at Pearl Energy Investments, contributing significantly since the firm's inception. |
| Kevin Pohler | Partner | Person | Recently promoted to Partner at Pearl Energy Investments, contributing significantly since the firm's inception. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Provided legal counsel for the formation of Pearl Energy Investments' fourth fund. |