A leading private equity firm focused exclusively on the energy industry Energy Spectrum Capital, announced that it has raised the amount of $1.225 billion for its latest fund entitled Energy Spectrum Partners Fund VII.

The commitments for Fund VII have been provided by ninety-three limited partners, which are relatively diverse, ranging from private and public pension funds to college endowments, foundations and family offices. Like its six predecessor funds, Energy Spectrum Partners VII focuses its investment activities primarily on midstream assets within the energy industry, such as oil and natural gas gathering and transportation systems, processing and treating plants, and storage facilities.

As one of the few midstream-focused energy private equity fund managers, Energy Spectrum Capital expects that its extensive relationships and reputation will generate attractive deal flow from high quality, growth-oriented midstream management groups.

Source: Shale Experts


Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Energy Spectrum Capital, Energy Private Equity, Energy Spectrum Partners Fund VII, Public Pension Funds, College Endowments, Endowments, Endowment Funds, Foundations, Family Offices, Oil, Natural Gas, Green Energy.


New York State Innovation Venture Capital Fund is planning to support entrepreneurs making the transition from research to marketplace, and give them an incentive to stay and grow their businesses in New York, according to Gov. Andrew M. Cuomo announcement.

The state said the $50 million fund is expected to leverage twice that amount in private capital to support new businesses across different industries, including advanced materials, clean technology, biotechnology and information technology.

“New York is home to some of the brightest minds in the world – and by launching this fund, we’re helping these budding entrepreneurs bring their ideas to market right here in the Empire State,” Cuomo said in a statement.

The fund will be split into two distinct segments. The Technology Commercialization Segment will facilitate the commercialization efforts of startup companies associated with New York’s universities and make small, pre-seed stage investments of up to $100,000. The Seed and Early Stage Co-Investment Segment will invest in seed and/or early stage companies, with an emphasis on strategic industries such as information technology and biotechnology, as well as relatively underserved areas of the state, with investments ranging from $100,000 to $5 million.

The fund is being coordinated with the state’s existing innovation investments, including the Start-Up NY program, which has partnered with schools to create enterprise zones where businesses can operate without paying state taxes for 10 years while working in partnership with host schools on technology transfers and other commercial ventures. Three Westchester County colleges – New York Medical College, The College of New Rochelle and Iona College – are participating.

Source: Westfair Online


Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, New York State Innovation Venture Capital Fund, New York, NY, Gov. Andrew M. Cuomo, The Technology Commercialization Segment, Early Stage Co-Investment Segment, Seed Stage Co-Investment Segment, Startup, Startup New York, Westchester County, New York Medical College, The College of New Rochelle, Iona College.


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