Lime Rock closes fifth fund on $1.4bn

Lime Rock has closed its fifth fund, Lime Rock Partners V LP, on $1.4bn. The fund will continue the firm's focus on global growth capital opportunities in energy projects.

The fundraising for the vehicle began in February 2008 and by the time of its closure it had received commitments from 78 institutional investors including leading endowments, foundations, and pension funds; 91% of which were previous Lime Rock investors.

Lime Rock Partners' funds have invested $1bn in 47 energy portfolio companies worldwide, primarily in the exploration & production, energy service, and oil service technology sub-sectors.

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