Formentera Partners, an energy-focused private equity firm that acquires and optimizes onshore producing oil and gas assets and strategically develops assets under management, has closed its Formentera Partners Fund II with $828.5 million in capital commitments.
The fund exceeded its $600 million target in less than a year and included a diverse group of new and existing investors, including pension plans, asset managers, insurance companies, endowments, registered investment advisers and family offices.
Eaton Partners, one of the largest placement agents and financial advisory firms, and a wholly owned subsidiary of Stifel Financial Corp., served as exclusive placement agent to Formentera Partners.
Eaton Partners has raised more than $140 billion for more than 185 highly differentiated alternative investment funds and offerings.
“We believe there’s a growing supply and demand imbalance within the energy sector, which should fuel a robust deal pipeline