Five Point Energy, formerly Five Point Capital Partners, a private equity firm focused exclusively on investments within the midstream and energy infrastructure sector, has held a final close for Five Point Energy Fund II. The fund was oversubscribed and closed at its hard cap of $750 million, exceeding its original target of $650 million.
In deploying the fund, Five Point will continue to leverage its direct operating approach to actively support management teams, midstream companies and E&Ps in building world-class midstream businesses. Five Point invests in value-added assets.
Five Point “will continue to execute on attractive opportunities in the midstream energy market, particularly around in-basin infrastructure and water management assets,” said David Capobianco, CEO.
The fund received strong support from investors, including leading public pension funds, pre-eminent university endowments and foundations, multi-national corporations, insurance
