Carnelian Energy Capital Management Closes Fund V at $975M

Carnelian Energy Capital Management, L.P. (Carnelian) has successfully closed its fifth fund, Carnelian Energy Capital V, L.P., at its hard cap of $975 million, marking it as oversubscribed. Tomas Ackerman, Partner at Carnelian, expressed gratitude for the unwavering support of investors on the ninth anniversary of the firm's inception. Since its establishment in 2015, Houston-based Carnelian has specialized in managing private equity funds focused on the North American energy sector. Having amassed around $4 billion in cumulative capital commitments, Carnelian has formed partnerships with 32 portfolio companies to date, solidifying its position as a prominent player in the private equity landscape.