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HOUSTON, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Quantum Energy Partners (“Quantum”) announced today that it has held its final closing on Quantum Energy Partners VII and its affiliates (collectively, “QEP VII”) above its hard-cap with $5.575 billion of equity capital commitments, including commitments from the General Partner and its affiliates.
Quantum has built one of the leading energy private equity franchises that invests across the energy value chain and, together with its affiliates, has managed more than $16 billion of equity commitments since 1998. Quantum remains committed to the cycle-tested investment strategy it has successfully implemented since its founding, partnering with exceptional entrepreneurs that have a strong emphasis on operational excellence and that can demonstrate unique and sustainable competitive advantages to better manage risk and enhance returns in their businesses.
Wil VanLoh, Founder and CEO of Quantum, commented, “We are grateful and humbled by the continued trust and confidence our limited partners have shown our firm by entrusting us to steward their capital. We are also fortunate to be in business with some of the industry’s most successful entrepreneurs and continue to work hard to help them build sustainable and competitive enterprises. Lastly, we are blessed with an immensely talented, creative and dedicated team at Quantum, that daily embraces our responsibility to be great partners to our portfolio company management teams and our limited partners.”
Dheeraj Verma, Quantum’s President, added, “The energy sector remains an attractive place for private capital to play an outsized role. As the energy landscape continues to evolve globally, it is presenting us with many opportunities to create entrepreneurially driven businesses that can create jobs and value in a safe and responsible manner. We are excited about the next decade of energy growth and activity, particularly as North America will play a larger role in providing the world with low-cost and responsible energy. As we continue to grow our business, we remain dedicated to the investment principles and high operating standards that have made Quantum successful over the last twenty years."
For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2110.