Schulte Roth & Zabel represented Kimmeridge, an alternative asset manager focused in the energy sector, in the final closing of Kimmeridge Fund VI and related vehicles. Schulte continues to advise the firm as they lead the industry in redefining the exploration & production business model and attract capital across a host of energy strategies.
In a deal announced today, Fund VI is 25 percent larger than Fund V (2018), and marks the first time Kimmeridge has offered a dedicated feeder fund for sovereign wealth funds and other non-US investors. The fund, which will identify, acquire and develop unconventional assets across top-producing basins in North America, received support from institutional investors, including endowments, foundations, public pensions, family offices and sovereign wealth funds.
The Schulte team advising Kimmeridge was led by partner Jason Kaplan and also included special counsel Daniel Daneshrad and associates Colin Conroy and David Isakov, all of the firm’s Investment Management Group, and partner David Wermuth and associate Jacob Gach of the firm’s Tax Group.