The $487 million Alameda County (Calif.) Employees’ Retirement Association has committed up to $35 million to Quantum Energy Partners VII (QEP VII) and its co-investment fund, Quantum Energy Partners VII Co-Investment Fund (QEP-VII CI), according to board meeting documents.
Quantum Energy Partners VII is managed by Quantum Energy Partners, a Houston-based firm that provides private equity capital to the global energy industry. The core infrastructure fund focuses on investments in the oil and gas upstream, midstream, oil field services and power generation sectors. Currently, Quantum has portfolio companies operating in the United States, Canada and Europe that are engaged in multiple sectors and strategies within the energy industry.
The commitment is pending completion of legal due diligence, background investigations and successful contract negotiation.
In additional news, ACERA’s total fund returned 3.8 percent gross. For the year ending June 30, 2017, the total fund returned 16.3 percent gross, compared to the policy index of 15.2 percent. The total fund’s results ranked in the top eighth and second percentile for the quarter and one-year periods, respectfully.
