Pearl Energy Investments Closes $999.9M Fund IV in Just Four Months
Slice of Energy Team
02/06/2025
Key Highlights:
- Pearl Energy Investments closes Fund IV at $999.9 million, reaching its hard cap within just four months.
- The Dallas-based firm focuses on upstream and midstream energy investments, typically deploying $50M–$150M per investment.
- Promotions of Steven Cobb and Kevin Pohler to Partner, recognizing their contributions since the firm’s inception.
- Kirkland & Ellis LLP served as fund formation counsel; no placement agent was engaged.
Source: Business Wire
Quotes
“ “We are truly appreciative of the continued loyalty and support of our investors. We believe the confidence they have placed in us is a result of the outstanding team we have built at Pearl combined with a track record that is among the leading firms in the energy investment business.” ”
William J. Quinn, Managing Partner at Pearl Energy Investments
Why This Matters:
Pearl Energy Investments’ ability to raise nearly $1 billion in just four months demonstrates strong investor confidence and the firm’s proven expertise in the energy sector. The strategic promotions of Steven Cobb and Kevin Pohler signal continued leadership growth as Pearl positions itself for future opportunities. With approximately $3 billion under management, Pearl remains a major player in North American energy investments.
