Energy Investment Firm PetroCap Launches Fourth Private Equity Fund

Dallas-based energy investment firm PetroCap unveiled its fourth private equity fund, PetroCap Partners IV.

In a December 31, 2024, filing with the SEC, the firm said it is selling equity and interest in the pooled investment fund, with the sale expected to last more than a year. PetroCap targets opportunities in onshore oil and gas development projects requiring net investments of between $25M and $75M, investing as a working interest partner in upstream projects. 

Though it did not disclose a target for Fund IV, PetroCap raised $300.3M for its predecessor third private equity fund and $350M for the second fund in the series. PetroCap’s operating partners include Sponte Operating, Lakewood Energy, Catamount Energy Partners, Tascosa Energy Partners, Lynx, XOG Resources, Heritage Energy, and Ageron Energy.