| Eschelon completed the initial close of its feeder partnership for Lexington VIII, the world’s leading secondary fund investing in global private equity. Eschelon’s 50% partner in this entity is Salient Partners, LP. |
Eschelon Completes Final Close of Pine Brook Feeder Fund
| Eschelon completed the final close of its feeder partnership for Pine Brook Capital Partners II. Eschelon’s 50% partner in this entity is Salient Partners, LP, a Houston based asset investment firm (www.salientpartners.com). Pine Brook II, which makes business building equity investments in the energy and financial services sectors, completed fundraising at this same time at $2.434 billion. |
Eschelon’s Managing Partners Assists in Closing First Private Equity Investment for Talara Capital Management
| Lead investor Talara Capital Management closed its first private equity investment, Lighthouse Oil & Gas, to fund an asset purchase in the Western Anadarko Basin. Talara funded $75m into Lighthouse. Eschelon’s managing partner introduced the Lighthouse senior executives to Talara and assisted with the financing process. |
Tom Glanville named as Operating Advisor to Talara Capital Management of New York City
| Eschelon and Talara Capital Management of New York City agreed that Eschelon Managing Partner Tom Glanville will be an Operating Advisor to Talara. Glanville said ” I am pleased to be working going forward with David Zusman, Managing Partner, and Ganesh Betanabhatla, Managing Director, as they build their energy private equity portfolio.” |
Saber Oil and Gas Ventures Sold
| Saber Oil and Gas Ventures sold returning 1 times invested capital. |
Eschelon Completes Initial Close of Pine Brook Feeder Fund
| Eschelon completed the initial close of its feeder partnership for Pine Brook Partners II. Eschelon’s 50% partner in this entity is Michael Mithoff’s Teton Strategic Investments, Inc. www.pinebrookpartners.com |
Managing Director Tom Glanville Speaks at the Eagle Ford Infrastructure Finance and Development Conference in San Antonio
| Eschelon Energy Partners Managing Director Tom Glanville spoke at the Eagle Ford Infrastructure Finance and Development Conference in San Antonio on the Panel “Investment Opportunities in Eagle Ford Infrastructure Expansion”. Full conference materials are available at www.infocastinc.com/eagleford. |
Eschelon Distributes 4.7% of Capital to Partners of Pine Brook Texas
| Pine Brook Texas distributed 4.7% of capital, reflecting proceeds of the sale of portfolio companies Phoenix Exploration to Apache and Global Oilfield Services to Halliburton. |
June 24, 2010
| Pine Brook Texas distributed 6.7% of capital, reflecting proceeds from the sale of Common Resources. Gross multiple on this investment was this 3.12 times with a 116% IRR. |
April 14, 2009
| Strand Energy announced today a new joint venture partner, Cadent Energy Partners (www.cadentenergy.com), that will significantly extend its reach in today’s marketplace. Strand Partners, of which Strand Energy will own 10% and operate with Cadent owning the balance, will be focused on acquisition and development opportutities in Strand’s core operating regions. |