Alameda County (Calif.) Employees’ Retirement Association has committed a total of $35 million to Quantum Energy Partners VII and Quantum Energy Partners VII Co–Investment Fund, according board meeting documents.
Quantum Energy Partners VII is an oil and gas energy fund managed by Quantum Energy Partners, a Houston-based firm that focuses its investments in the oil and gas upstream, midstream, oil field services and power generation sectors.
More specifically, in the upstream markets, Quantum focuses its efforts in the “core” of top-quartile resource plays and balances its portfolio with investments in multiple basins. It invests in established, but growing, energy services businesses and in power generation, focuses on niche opportunities in markets and assets with more upside potential.
The fund recently received a $40 million commitment from the $9 billion Sacramento County (Calif.) Employees’ Retirement System and also received a $150 million commitment from the Tennessee Consolidated Retirement System.
