Quantum Eyes $5.5 Billion for New Fund Amid Energy-Market Rout
- Firm is said to discuss vehicle with prospective investors
- It raised $5.58 billion in 2018 from Canadian pension, others
Photographer: Steve Hockstein/Bloomberg
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Quantum Energy Partners is in discussions to raise roughly $5.5 billion for a new fund designed to pounce on opportunities that arise amid turmoil in energy markets, according to people with knowledge of the matter.
The Houston-based private equity firm, which sold a minority stake to Neuberger Berman’s Dyal Capital Partners, has begun discussing the new fund with prospective investors, said the people, who asked not to be identified because the plans aren’t public. It’s seeking to make new investments amid limited competition from beaten-down energy companies and a potential decline in available capital among other private investors, one of the people said.