Quantum Energy Partners is raising a $2.25bn fund that will lend to U.S. oil and gas firms as well as energy companies transitioning away from fossil fuels, allowing investors to pick whether they back activities that lead to higher greenhouse gas emissions, according to people familiar with the matter.
Quantum decided that its new fund will have two sleeves: a $1.5bn tranche for lending to oil and gas producers and a further $750 million for companies supporting the transition away from fossil fuels, the sources said. Investors can choose if they want to invest in one or both.
It is the second energy debt fund for Quantum. The Houston-headquartered investment firm raised a $1.6bn fund in 2019 that was used to provide structured credit and mezzanine finance to oil and gas companies, including Devon Energy Corp and Antero Resources Corp.
Read more: Reuters
