Firm leads the industry in building
environmental water management, surface management and sustainable
infrastructure platforms
HOUSTON, Sept. 9,
2024 /PRNewswire/ -- Five Point Energy LLC ("Five
Point"), a leading private equity firm focused on building
sustainable infrastructure, today announced the final closing of
Five Point Energy Fund IV LP ("Fund IV"), receiving approximately
$1.4 billion in cumulative capital
commitments. Fund IV was oversubscribed and exceeded its target of
$1.25 billion.
Fund IV is a continuation of Five Point's successful strategy,
leveraging the firm's direct operating model, disciplined capital
deployment into an undercapitalized market and attractive long-term
value generation. Five Point features a highly experienced team
with an exceptional track record, led by David Capobianco, CEO and Managing Partner, and
Matthew Morrow, COO and Managing
Partner.
David Capobianco said, "We thank
our existing limited partners and new investors for their
overwhelming support. The closing of Fund IV is an endorsement of
our team's demonstrated strategy of establishing and operating
best-in-class sustainable infrastructure platforms, including the
highly successful initial public offering of LandBridge. Likewise,
since our inception in 2012, Five Point has been a pioneer of
midstream water management systems. We are proud to have
progressively addressed the produced water needs of our blue-chip
clients and to continuously bring next generation solutions,
including recycling, enhanced evaporation and desalination
technologies to our partners."
Mr. Capobianco continued, "The demand for energy, land and water
resources is accelerating by the day, across all industries – we
sit at the intersection of these macro and infrastructure trends.
Five Point is uniquely positioned to address the needs of all
stakeholders with innovative midstream and land resourcing
solutions to advance their business and environmental objectives.
The opportunities before us are vast and compelling."
Since the firm's inception, Five Point has raised approximately
$4 billion of limited partner
commitments across four distinct funds and a yield fund, with each
vintage increasing in size. Fund IV received support from
institutional investors including endowments, public pensions and
family offices.
About Five Point Energy
Five Point Energy is a private equity firm focused on building
businesses within the environmental water management, surface
management and sustainable infrastructure sectors. The firm was
founded by industry veterans who have had successful careers
investing in, building, and running midstream infrastructure
companies. Five Point's strategy is to buy and build assets, create
companies, and grow them into sustainable enterprises with premier
management teams and industry-leading E&P partners. Based
in Houston, Five Point targets equity investments up
to $1 billion and has approximately $6
billion of assets under management across multiple investment
funds. For more information about Five Point Energy, please
visit: www.fivepointenergy.com.
Media contact:
Daniel
Yunger / Simone Leung
(917) 574-8582
daniel.yunger@kekstcnc.com / simone.leung@kekstcnc.com
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SOURCE Five Point Energy