Petroleum Equity eyes debut fund

The London-based firm founded by senior oil executives is working with private equity advisory firm Rede Partners to raise a fund of up to $350 million

Petroleum Equity, a new private equity firm focused on the oil and gas market, is preparing to launch its first fundraising effort in the second quarter of this year, aiming to raise $250 million to $350 million.

The London-based firm, which was set up in 2012 by a former private equity investor with Barclays Capital Natural Resources Principal Investment team and three former executives from Anglo-Dutch energy giant Shell, is working with private equity advisory firm Rede Partners to raise the fund, according to two people familiar with the situation.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump