London-based mid-market private equity firm Blue Water Energy’s debut fund has hit its hard cap of $863m after less than a year in the market.
The LPs that backed the fund included pension funds, sovereign wealth funds, endowments, foundations, funds of funds, insurance companies and family offices based in the US, Europe and Asia.
Asante Capital and HSBC acted as placement agents for the fund.
The Blue Water Energy Fund I will be focused on European mid-market energy companies operating in the oilfield services, manufacturing, logistics and reverse development subsectors.
“With a long track record of creating sustainable platforms in the energy space, Blue Water Energy seeks to be the preferred partner for best-in-class management teams and owners working to further grow and internationalise their businesses,” Blue Water said in a statement.
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