Carnelian Energy Capital Closes Canada-Focused Fund at $600 Million Hard Cap in Oversubscribed, Single Closing
PE FORUM > Blog > Fundraising News > Carnelian Energy Capital Closes Canada-Focused Fund at $600 Million Hard Cap in Oversubscribed, Single Closing
– Carnelian Energy Capital Management, L.P. (Carnelian) announced the oversubscribed, single closing of Carnelian Acquisition and Development, L.P. (CAD) at its hard cap of $600 million in limited partner commitments.
– CAD is a unique vehicle focused on scaled and opportunistic energy investments in Canada.
– Tomas Ackerman, Carnelian Partner, expressed gratitude for investor support and highlighted the firm’s longstanding investment history in Canada.
– CAD’s anchor partners include Dustin Hoffman, Dan van Kessel, and the Refraction Energy team.
– Founded in 2015 and based in Houston, Carnelian manages private equity funds focused on the North American energy sector.
– The firm has raised approximately $4.6 billion in cumulative capital commitments and partnered with 39 portfolio companies to date.
– Dillon MacDonald, Carnelian Managing Director, emphasized that the Canadian upstream sector offers compelling opportunities, driven by capital scarcity and abundant economic development inventory.
– Carnelian aims to apply its proven investment strategies to continue creating value for investors through CAD.
– CAD is a unique vehicle focused on scaled and opportunistic energy investments in Canada.
– Tomas Ackerman, Carnelian Partner, expressed gratitude for investor support and highlighted the firm’s longstanding investment history in Canada.
– CAD’s anchor partners include Dustin Hoffman, Dan van Kessel, and the Refraction Energy team.
– Founded in 2015 and based in Houston, Carnelian manages private equity funds focused on the North American energy sector.
– The firm has raised approximately $4.6 billion in cumulative capital commitments and partnered with 39 portfolio companies to date.
– Dillon MacDonald, Carnelian Managing Director, emphasized that the Canadian upstream sector offers compelling opportunities, driven by capital scarcity and abundant economic development inventory.
– Carnelian aims to apply its proven investment strategies to continue creating value for investors through CAD.