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Ridgewood Energy closes latest fund at $1.1 billion


Published Jan 15, 2014
Ridgewood Energy Corp.

Ridgewood Energy Corp. has closed its latest private equity fund, Ridgewood Energy Oil and Gas Fund II, L.P. ("Fund II"), with total commitments of $1.1 billion, reaching its hard cap. The Fund, which had an original target amount of $750 million, has been formed by Ridgewood to invest in exploration and production of oil projects in the U.S. deep waters of the Gulf of Mexico.

Fund II is a continuation of Ridgewood Energy's investment program focused on generating superior risk adjusted returns for investors by drilling and developing high-potential new oil fields.

The Fund's commitments were sourced from 39 institutional investors, including a number of leading state and union pension plans, well-known university endowments and foundations, and a number of Fund of Funds, private wealth managers and family offices.

Tags: Ridgewood Energy




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