Blue Water Energy LLP announces the final closing of Blue Water Energy Fund I, L.P., and parallel investment funds (“the Fund”), with total commitments of $861 million. The Fund successfully reached its hard cap and achieved a final close after less than a year in the market
Based in London, Blue Water Energy has attracted a broad, well diversified base of investors including pension funds, sovereign wealth funds, endowments, foundations, funds of funds, insurance companies and family offices from the U.S., Europe and Asia.
Fund I’s investment strategy is focussed exclusively on the energy industry with core subsector focus areas including oilfield services, manufacturing, storage and logistics, and reserve development. With a long track record of creating sustainable platforms in the energy space, Blue Water Energy seeks to be the preferred partner for best-in-class management teams and owners working to further grow and internationalise their businesses.
The Fund targets capital appreciation with the benefit of proprietary deal flow and a disciplined investment process, while working alongside a network of seasoned investment and operating professionals who help drive value creation throughout all aspects of the investment process. Blue Water Energy Fund I will focus on making investments in mid-market oil and gas companies, predominantly based in Europe.
Asante Capital Group and HSBC acted as exclusive placement agents and Kirkland & Ellis and Carey Olsen acted as legal advisors.