Pelican Energy Partners, a Houston, TX-based energy service and equipment investment firm, announced the closing of Pelican Energy Partners Base Zero, LP, at $450M.
This is Pelican’s first fund focused on control buyout and growth investments in nuclear energy services and equipment companies.
Led by Mike Scott, Founder and Managing Partner, and Jay Surina, Managing Director, the firm received commitments from existing and new institutional LPs, including endowments, foundations, family offices, pension plans and prominent gatekeepers. The team also provided a substantial GP commitment.
Pelican focuses exclusively on energy service and equipment investments in companies with differentiated offerings. It has raised more than $1 Billion for this industry sector since 2012 and fully realized over fifteen investments.
As of the final close date, the fund had completed six platform investments with several additional opportunities expected to close prior to year-end.
FinSMEs
05/11/2024