Lime Rock Partners, private equity investors of growth capital in E&P and oilfield service companies, have announced the successful closing of a $203 million acquisition fund, Lime Rock Partners VI AF. The fund has acquired assets formerly owned by Lime Rock Partners VI, a 2012 vintage fund, and seeks to benefit from further value appreciation in those assets. The acquisition fund, in which the Goldman Sachs Asset Management Vintage Funds served as the lead investor, received $134 million in new capital commitments to it and a separate co-investment vehicle.
All Fund VI limited partners had the option of reinvesting their Fund VI exposure into the acquisition fund or receiving accelerated full liquidity.
Interests in CrownRock Minerals vehicles, two entities acquiring mineral and royalty interests in the Permian Basin, represented the vast majority of the assets in the acquisition fund. Inclusive of co-investment vehicles, Lime Rock Partners has invested nearly