Haddington Energy Partners closes on $350 million private equity fund for midstream energy investments

15 November, 2012 Houston, Texas

Haddington Ventures, L.L.C. announced today that it has closed its latest private equity fund, Haddington Energy Partners IV, LP (HEP IV), with total committed capital of nearly $350 million targeted for investments in midstream energy infrastructure.

According to senior managing partner Chris Jones, HEP IV is targeting conventional midstream opportunities and is seeking to invest in experienced midstream management teams with proven track records of success in entrepreneurial environments.

“HEP IV clearly demonstrates Haddington’s commitment to building infrastructure in the midstream energy business by investing in entrepreneurs with the skills to create and grow world-class midstream projects and companies,” Mr. Jones said.  “These management teams require strong leaders able to drive strategic company visions, create and manage highly capable organizations, and integrate strong operating capabilities.  HEP IV targets management teams to both develop or acquire and optimize a wide variety of midstream infrastructure.”

“HEP IV closed at nearly double the size of HEP III, which served to diversify Haddington’s investor base significantly,” said Terry Crikelair, Managing Partner of Champlain Advisors, LLC, who served as exclusive placement agent.  “We were pleased with the strong interest from several new investors along with the continued support from the existing investor base.”

Haddington has raised nearly $700 million of equity capital since its formation in 1998.  Currently, one third of Haddington’s management teams are repeat portfolio company management teams from prior Haddington funds.

Haddington’s senior partners are all former successful midstream entrepreneurs and operators; their prior entrepreneurial backgrounds have since been supplemented with a lengthy history of working together as fund managers at Haddington.  This unusual combination of backgrounds allows Haddington to bring a wealth of midstream contacts and experiences to its portfolio company teams, along with a proven track record of successfully sponsoring midstream asset acquisition and development teams.

The participating investors in HEP IV include insurance companies, public and private pensions, endowments, bank holding companies and high net worth individuals.

Greenwich, CT-based Champlain Advisors, LLC, a global fund placement and investor relations advisory firm, served as Haddington’s exclusive placement agent in raising HEP IV.

SOURCE:  Haddington Ventures

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