Energy Spectrum Capital’s $969 Million Closing of Energy Spectrum Partners VIII LP


Baker Botts represented Energy Spectrum in connection with the formation of its eighth fund focused on midstream energy companies and projects.

Energy Spectrum Capital, a Dallas-based private equity firm focused on midstream energy companies and projects, today announced the final closing of Energy Spectrum Partners VIII LP (“Fund VIII”) with total capital commitments of $969 million. Baker Botts represented Energy Spectrum Capital in connection with the formation of Fund VIII.

Fund VIII is the latest in a series of funds sponsored by Energy Spectrum Capital, stretching back to 1996. Baker Botts has represented Energy Spectrum Capital in connection with the formation of each of these funds, as well as on various investments transactions.

With strong support from both new and existing limited partners, Fund VIII will continue to invest primarily in midstream assets within the energy industry. Midstream assets include oil and natural gas gathering and transportation systems, processing and treating plants and storage facilities. A diverse mix of 82 limited partners committed to Fund VIII, including private and public pension funds, insurance companies, university endowments, foundations and family offices.

The Baker Botts team was led by Geoff Newton (Picture), and included Ian Jelsma, Cale Curtin and Steve Marcus.

Founded in 1995, Energy Spectrum Capital is a Dallas-based venture capital firm that makes direct investments in well-managed lower middle market companies that acquire, develop and operate midstream energy assets in the United States and Canada.

Involved fees earner: Cale Curtin – Baker Botts; Ian Jelsma – Baker Botts; Stephen Marcus – Baker Botts; Geoffrey Newton – Baker Botts;

Law Firms: Baker Botts;

Clients: Energy Spectrum Capital;

Author: Ambrogio Visconti