CALGARY, June 8, 2015 /CNW/ – Canada’s leading energy-focused private equity manager, ARC Financial Corp., today announced that it has closed ARC Energy Fund 8 with $1.5 Billion of institutional capital. The fund was oversubscribed with the majority of the capital coming from investors in ARC’s earlier funds. ARC’s investment strategy remains consistent with prior funds with an exclusive focus on Canadian growth exploration and production and oilfield service companies.
Founded in 1989, and focusing exclusively on private equity investing in energy since 1997, ARC has raised over $5 billion across its eight energy funds and has the largest and most technically experienced private equity energy team in Canada.
Kevin Brown, ARC Co-CEO, said, “We are very appreciative of the strong support from our existing limited partners and new investors. The confidence they have shown in our team reflects the strong results of our prior funds and we remain committed to generating superior returns.”
ARC Co-CEO, Lauchlan Currie, continued, “This new fund will enable us to maintain our approach of developing investment opportunities through our extensive network in the Canadian energy industry in conjunction with our Executive-in-Residence program. We will continue to focus on investments of $50MM – $200MM with the highest quality management teams.”
About ARC Financial Corp. (www.arcfinancial.com)
ARC was the first private equity manager to focus exclusively on the Canadian oil and gas sector. The firm is based in Calgary, the center of the Canadian oil and gas business. Over the last two decades, ARC has invested in more than 170 energy growth companies; primarily private Canadian exploration and production and oilfield service companies. The ARC Financial team includes petroleum engineers, geologists, and geophysicists who provide technical depth for understanding investment opportunities and value creation strategies. ARC has a world-class research team that supports its investment strategies, proactively identifies key trends, and helps build relationships with entrepreneurs, industry leaders, and government.
Atlantic-Pacific Capital served as the global placement agent and advisor (www.apcap.com).
SOURCE ARC Financial Corp.
Image with caption: “ARC Financial Corp. (CNW Group/ARC Financial Corp.)”. Image available at: http://photos.newswire.ca/images/download/20150608_C5972_PHOTO_EN_17759.jpg
