Aethon Energy Management LLC, a Dallas, Texas-based private investment firm focused on onshore oil and gas, has closed its second energy private equity fund, Aethon II LP. Together with co-investments, Aethon's recent fundraising represents $240 million in total capital commitments.
Aethon's recent activity exceeded the $200 million target that the company established at the outset of fundraising, and the fund received commitments from both new and existing institutional investors. The fund enabled Aethon's management to continue its strategy of acquiring and developing onshore oil and gas assets. Concurrent with this final closing of the fund, Aethon has fully invested the capital it raised.