Dallas-based Energy Spectrum Capital, a venture capital firm focused on energy infrastructure, has closed fundraising for its Energy Spectrum Partners VIII at just under $1 billion.
The firm’s eighth fund, which will invest primarily in midstream assets within the energy industry, raised a total of $969 million from both new and existing limited partners.
Midstream assets in the strategy include oil and natural gas gathering and transportation systems, processing and treating plants, and storage facilities.
A diverse mix of 82 limited partners committed to Fund VIII, including private and public pension funds, insurance companies, university endowments, foundations and family offices, according to Spectrum Capital.
“In the current environment, we believe we are well positioned to identify high-quality midstream assets and take advantage of opportunities amid the significant price dislocations in the current market,” noted Thomas Whitener Jr., presid
