Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/ridgewood-energy-closes-latest-fund-at-11-billion.shtmlRidgewood Energy closes latest fund at $1.1 billion
Ridgewood Energy Corp. has closed its latest private equity fund, Ridgewood Energy Oil and Gas Fund II, L.P. ("Fund II"), with total commitments
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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.
