Welcome back to Form-D Friday, the Dallas Business Journal’s weekly look into which businesses and firms are raising capital for a new project, investment idea or something else entirely elusive in North Texas.
The Form-Ds below are listed by the name of the issuers:
Energy Spectrum Capital: $969 million
The Dallas-based firm has closed its Energy Spectrum Partners VIII LP with total capital commitments of $969 million, a news release shows.
Fund VIII will continue to invest primarily in midstream assets in the energy sector, which includes oil and natural gas gathering and transportation systems, processing and treating plants and storage facilities. The fund has committed to four new portfolio companies and has a fifth in documentation.
The 82 limited partners committed to the fund include private and public pension funds, insurance companies, university endowments, foundations and family offices.
“In the current environment, we believe we are well positioned to identify high quality midstream assets and take advantage of opportunities amid the significant price dislocations in the current market. We appreciate the support of our limited partners and look forward to executing on their behalf, ” President and Founding Partner Thomas Whitener Jr. said in a prepared statement.
Since the firm was founded, it has raised more than $4.5 billion of equity capital and has sponsored 63 portfolio companies to date.
Ideal Implant Inc.: $3 million
The Dallas-based company has raised about $3 million from 17 investors, a public filing shows. The offering closed on April 24, and the remaining $2.42 million will not be sold, according to a “clarification of response” note on the filing.
Ideal Implant was founded in 2006 by plastic surgeon Robert Hamas, M.D., who invented the IDEAL IMPLANT, a type of breast implant. According to the company’s website, Ideal Implant is only available in the U.S. through a network of board certified or board-eligible plastic surgeons. The implant is also approved for use in Canada.
Crestline Investors: $70.5 million
The Fort Worth-based firm has raised about $70.5 million in a pooled investment fund from four investors.
Recently, the investment firm raised $593.1 million in a pooled investment hedge fund, according to previous reporting.
Crestline Investors is an institutional alternative investment management firm. The firm specializes in credit and opportunistic investments, including financing and restructuring solutions for private equity funds. The firm was founded in 1997 to focus on alternative investment strategies for the Edward P. Bass family, according to its website. The firm opened its doors to outside investors in 2001.
NexPoint Real Estate Advisors: $10.23 million
NexPoint Real Estate Advisors has raised about $10.23 million in a fund that has a total offering amount of $58.27 million, according to a filing.
NexPoint, headquartered in Dallas, is an investment advisor that has a product suite that includes a range of vehicles, including REITs, real estate private placements, 1031 exchanges, closed-end funds, a business development company and interval funds. NexPoint, which is an affiliate of Highland Capital Management, focuses on real estate and alternative credit strategies.
For more DFW business news, please visit the Dallas Business Journal.