Old Ironsides Energy LLC made the final close of Old Ironsides Energy Fund II (Fund II) with $1.3 billion of commitments, the company said April 16.
Fund II was oversubscribed, and investors included group of institutions with substantial energy investment experience.
Fund II will acquire and develop upstream and midstream assets in the U.S. and Canada. To date, the fund has made three commitments, including two investments with repeat management teams, the company said.
The Old Ironsides team, led by managing partners Scott Carson, Greg Morzano, Sean O'Neill and Daniel Rioux, has invested across multiple commodity cycles and developed platforms with leading industry management teams, building long-term relationships that will continue providing substantial deal flow.
Campbell Lutyens & Co. Ltd. was exclusive global placement agent.
Thompson & Knight LLP was legal counsel.
Old Ironsides Energy LLC is based in Boston.
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