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Kimmeridge closes energy fund V at $800M hard cap

Energy private equity firm Kimmeridge Energy Management Co. LLC closed its Kimmeridge Energy Fund V at its $800 million hard cap, an amount twice the size of the firm's previously closed Fund IV.

Fund V, which received support from institutional investors, advances Kimmeridge's strategy of acquiring and developing unconventional assets in selected basins, according to an Oct. 2 news release. Together with the previous fundraises and co-investments, Kimmeridge has raised roughly $2.8 billion of limited partner commitments since 2012.

"We believe that the current E&P landscape presents a host of compelling investment opportunities at attractive entry points, and we look forward to continuing to generate strong outcomes for our stakeholders," Kimmeridge founder and managing partner Ben Dell said.

Sidley Austin LLP served as the fund counsel.