Fundraising - MARCH 6, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

OFS launches $175m energy fund

by Andrea Waitrovich

Houston-based OFS Energy Fund has launched a third energy fund, according to a filing with the SEC. The firm has raised $7 million for OFS Energy Fund III, which has a $175 million fundraising goal. A final close date was not disclosed.

The firm’s previous fund, OFS Energy Fund II, held a final close in September 2012, raising $90 million. The firm’s second private equity fund focuses on acquiring and recapitalizing middle-market companies in the energy service industry with enterprise values between $10 million and $50 million in the energy service industry.

OFS Energy Fund II made an equity investment in Buckhorn Energy Service, a provider of oilfield waste disposal in North Dakota. Other equity investments include Bold Production Services, which provides flowback and early production equipment to oil and ga

Forgot your username or password?