Houston-based Lime Rock has completed the final closing of Lime Rock Resources, a private equity fund with total capital commitments of $450 million. The Lime Rock Resources team acquires, operates, and improves lower-risk oil and gas properties in the U.S. The investors in Lime Rock Resources represent a broad group of private capital sources. A significant portion of the fund's capital commitments came from investors in Lime Rock's previous funds. Monument Group assisted in the fundraising process. Charles Adcock, managing director of Lime Rock Resources, says, "We have already analyzed in depth dozens of properties for potential acquisition. We are confident that our selective strategy will allow us to find the right properties to meet our investors' goals."
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