Private-equity firm Bernhard Capital Partners Management closed its debut fund, BCP Energy Services Fund LP, with more than $750 million in capital commitments, the firm said June 7.
The fund and its portfolio companies have made 14 proprietary acquisitions across its four established platforms, including three carve-outs from public companies. Bernhard backs midstream and downstream service companies in North America, as well as power verticals.
BCP was founded in 2013 by James (Jim) Bernhard, the former founder, chairman and CEO of The Shaw Group Inc.; Jeff Jenkins, the former COO of Shaw Environmental and Infrastructure; and other executives from Shaw and a private-equity team, following the sale of The Shaw Group to Chicago Bridge & Iron Co. in February 2013.
Atlantic‐Pacific Capital was Bernhard’s exclusive global placement agent, and Kirkland & Ellis was its legal counsel.
Recommended Reading
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
CEO: Magnolia Hunting Giddings Bolt-ons that ‘Pack a Punch’ in ‘24
2024-02-16 - Magnolia Oil & Gas plans to boost production volumes in the single digits this year, with the majority of the growth coming from the Giddings Field.
Endeavor Integration Brings Capital Efficiency, Durability to Diamondback
2024-02-22 - The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory.