Energy Ventures' Top up Fund closes at NOK 86 million
Energy Ventures’ Top up Fund, Energy Ventures II B has been established with NOK 86 million in total commitments. The fund will provide Energy Ventures II KS Fund with additional investment capacity.
The capital was raised from existing investors in the Energy Venture II fund with Argentum and Argentum`s partner Gjensidige backing 65% of the fund. This extension fund will allow Energy Ventures to support the portfolio companies further, which in turn is expected to yield higher returns for the investors.
Energy Ventures II was established in April 2005 with NOK 589 million in committed capital. The fund is fully invested, and has the following companies in its portfolio : ARKeX, Deepflex, Stingray Geophysical, Ziebel, PanGeo Subsea , Cubility, Ingrain, and Sigma Offshore.