OFS Energy holds $175m close
OFS Energy Fund has completed a one-and-done closing on its third private equity fund, OFS Energy Fund III. The close was held on April 25. The firm launched the fund in March. The fund will maintain the focus of acquiring and recapitalizing middle-market companies in the energy service industry.
Fund I was a $47 million private equity fund raised primarily from energy industry executives and closed in 2008. It has achieved in excess of four times cash-on-cash returns.
Fund II is a $90 million private equity fund that is 80 percent