© 2015 The Texas Lawbook.
By Natalie Posgate
(July 21) – Houston and New Jersey-based Ridgewood Energy announced Tuesday that it closed investments for its latest private equity fund, Ridgewood Energy Oil & Gas Fund III, at more than $1.9 billion and surpassed its $1.5 billion target.
A team of New York lawyers from Vinson & Elkins led the deal for Ridgewood, but attorneys from the firm’s Dallas and Houston offices were also involved, including partners David Peck, Wendy Salinas and David D’Alessandro and associates Alex Farr and Jared Whalen.
The fund is a continuation of Ridgewood Energy’s investment program focused on finding and developing oil in the deepwater Gulf of Mexico for $20 per barrel or less. Investments for the fund came from state and corporate pension plans, university endowments and foundations and a number of private wealth managers and family offices.
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