Energy Spectrum Capital Closes Nearly $1 Billion Midstream Investment Fund

(P&GJ) — Energy Spectrum Capital, a Dallas-based venture capital firm focused on energy infrastructure, announced the final closing of Energy Spectrum Partners VIII LP (Fund VIII) with total capital commitments of $969 million.

With strong support from both new and existing limited partners, Fund VIII will continue to invest primarily in midstream assets within the energy industry.

A diverse mix of 82 limited partners committed to Fund VIII, including private and public pension funds, insurance companies, university endowments, foundations and family offices.

“In the current environment, we believe we are well positioned to identify high quality midstream assets and take advantage of opportunities amid the significant price dislocations in the current market,” said Thomas O. Whitener Jr., President and Founding Partner of Energy Spectrum Capital.

To date, Fund VIII has committed to four new portfolio companies and has a fifth in documentation.

Three of the four existing companies are led by management teams with whom Energy Spectrum has successfully partnered previously.

The firm has raised more than $4.5 billion of equity capital and has sponsored 63 portfolio companies since its founding in 1995.

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