Bayou City Energy has now raised $946 million since its 2015 inception to be invested in the North American E&P sector. Most recently, the firm reached its $310 million hard cap and held the final closing of Bayou City Energy II LP (Fund II) on March 31, an April 3 press release said.
Bayou City makes privately negotiated, control equity investments ranging between $5 million and $50 million per platform company in the upstream space, and seeks to make drilling capital commitments, the press release said.
William McMullen, BCE founder and managing partner, said the purchase of preferred stock in High Mesa Inc. is one already-closed transaction in Fund II.
Latham & Watkins LLP was the fund formation counsel. Bayou City did not engage a placement agent in connection with the formation of the fund.
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