trending Market Intelligence /marketintelligence/en/news-insights/trending/V4dYl2id3Ad2W9cizKMz5A2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Report: Equity firm Quantum raises $2.6B for energy investment fund


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Energy Outlook for H2 2021


Corporate renewables market flourished in 2020 despite pandemic


Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Report: Equity firm Quantum raises $2.6B for energy investment fund

Quantum Energy Partners LLC accumulated about $2.6 billion in the first round of an effort to raise $5.25 billion for energy investments, The Wall Street Journal reported May 30, citing "people familiar with the matter."

After spending billions of dollars in the Permian Basin between August 2016 and March 2017, the private equity firm has further diversified away from the Permian, the Journal reported. Quantum is focusing on natural gas with its recent deals due to volatile oil prices, according to the report.

Quantum recently agreed to acquire all of Noble Energy Inc.'s Appalachian upstream natural gas assets in Pennsylvania and West Virginia for $1.23 billion. Noble then announced a separate $765 million deal with Quantum that gave the fund 50% ownership interest in CONE Gathering LLC, along with its midstream assets in the region.

Quantum usually invests $200 million to $500 million per deal, the Journal's sources said, with the capacity to deploy up to $1 billion for some investments.