Quantum Energy Partners has held its final closing on Quantum Energy Partners VII and its affiliates (collectively, QEP VII), exceeding its hard-cap with $5.575 billion of equity capital commitments, including commitments from the general partner and its affiliates.
Throughout its fundraising, the fund received commitments from institutional investors, including $35 million from the Alameda County (Calif.) Employees’ Retirement Association and $150 million from the Sacramento County Employees’ Retirement System.
Quantum invests across the energy value chain and, together with its affiliates, has managed more than $16 billion of equity commitments since 1998.
“The energy sector remains an attractive place for private capital to play an outsized role. As the energy landscape continues to evolve globally, it is presenting us with many opportunities to create entrepreneurially driven businesses that can create jobs and value in a safe and responsible manner. We are excited about the next decade of energy growth and activity, particularly as North America will play a larger role in providing the world with low-cost and responsible energy,” said Dheeraj Verma, Quantum’s president.
