Lime Rock, a Houston-based private equity firm focused on energy, has closed its latest fund with $754 million in aggregate capital commitments.The Lime Rock Resources team will use the fund to acquire, improve and directly operate producing oil and gas properties in the U.S.
In addition to four Lime Rock Resources funds, Lime Rock also has raised six Lime Rock Partners funds since 1998, according to its website.
The funding process for Lime Rock Resources IV launched in November. Lime Rock Resources III, which closed in October 2013, raised $750 million. Since the Lime Rock Resources funds’ inception in 2005, the have made 23 major acquisitions in U.S. basins, primarily in Texas, Oklahoma, New Mexico and North Dakota.