Cibolo Energy Partners Announces Final Closing of $279 Million Cibolo Energy Partners II, LP

HOUSTON, TX / ACCESSWIRE / September 9, 2024 / Cibolo Energy Management, LLC (“Cibolo”), an energy-focused private debt company providing growth-oriented credit solutions to middle market upstream and midstream energy companies, announced that it has closed Cibolo Energy Partners II, LP (“Fund II”). The Fund reached $279 million (excluding affiliate investments) with an investor base consisting of leading corporate pension funds, asset managers, funds of funds, family offices and high net worth individuals. Fund II, together with its dedicated co-investment vehicles, has over $330 million of committed capital.

Led by co-founders Justin Teltschik and JW Sikora, Fund II targets upstream and midstream companies seeking credit alternatives to finance growth through acquisition or accelerated development capital. Cibolo focuses on providing a liquidity solution that enables companies to access additional growth capital not available from traditional commercial banks.

Cibolo has partnered with three upstream companies and one midstream company in Fund II to date and has a robust pipeline of investment opportunities that it is currently evaluating. The core features of the Cibolo strategy are (i) investing in top-of-balance sheet securities, (ii) underwriting long-lived assets with existing production and cash flow that have a development lead, (iii) aggressive commodity hedging, and (iv) structuring good risk alignment with its portfolio companies.

For more information, visit www.ciboloenergy.com

Kirkland & Ellis LLP acted as legal advisor to Cibolo.

Contact details

JW Sikora
Managing partner
[email protected]
713-357-7570

Justin Teltschik
Managing partner
[email protected]
713-357-7570

SOURCE: Cibolo Energy Partners

View the original press release on newswire.com.