From peHUB:
Quantum eyes $3.25 bln hard cap for energy-focused Fund VI
Quantum Energy Partners is holding a second close on its sixth fund at about $2.5 billion, which is the fund’s target, according to a person with knowledge of the process.
Quantum Energy Partners VI LP is now eying its $3.25 billion hard cap. A final close on Fund VI could come by January, the person said.
The firm, led by S. Wil VanLoh Jr., held a first close earlier this summer on $1.17 billion after a May fundraising launch, according to the person with knowledge of the process, as well as an LP source who heard the fundraising pitch.
Michael Dalton, a managing director at Quantum Energy Partners, did not return a call for comment. Park Hill Group is working as placement agent on the fundraising.
The firm’s fifth fund, which closed on $2.5 billion in 2009, was generating a 19.75 percent internal rate of return and a 1.35x multiple as of Dec. 31, 2013, according to information from the Texas County & District Retirement System....MORE
