OFS Energy Fund News

November 21, 2014

OFS Energy Fund II Closes Additional $40 Million in Fund II

Houston – September 30, 2014 – OFS Energy Fund (“OFS”) On Monday November 10th, OFS Energy Fund (“OFS”) closed on an increase in the committed capital to OFS Energy Fund II (“Fund II”). OFS was seeking to increase the size of Fund II from $90 million to $130 million in order to support existing Fund II portfolio company growth initiatives.  The $40 million tranche was offered to existing Fund II investors pro rata and was oversubscribed. OFS is now actively managing a combined $305 million across Fund II and Fund III. OFS raised the follow-on commitments in order to continue to grow Fund II’s six active portfolio companies for the remainder of Fund II’s life.

 

“We are optimistic about the opportunities we see across our Fund II portfolio companies and we believe their growth will be enhanced with the options to accelerate organic growth and/or pursue add-on investments going into 2015. We are also appreciative to have the majority of our Fund II Limited Partners partake in this Add-On at or above their allocated amount of Add-On Commitment,” said Bruce Ross, Managing Partner of OFS.

 

The first transaction funded using these additional commitments has already been closed as Fund II invested additional equity into Davis Chemical Services in October. Another Fund II portfolio company currently has a significant acquisition under signed letter of intent that is expected to be funded using the additional commitments in early December.

OFS Energy Fund
6363 Woodway Drive, Suite 900

Houston TX 77057
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Main Number: (713) 580-2727