PR Newswire: Eaton Partners Acts as Exclusive Placement Agent for Oversubscribed Five Point Capital Midstream Fund III


Eaton Partners Apr 2, 2018
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ROWAYTON, Conn., April 2, 2018 /PRNewswire/ -- Eaton Partners, one of the largest placement agents and advisory firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have served as exclusive placement agent for Five Point Energy's (formerly "Five Point Capital Partners") third midstream energy fund. Five Point Capital Midstream Fund III LP reached its hard cap at $750 million in capital commitments, exceeding its original target of $650 million. The oversubscribed fund received strong support from a diverse range of institutional investors, including public pension funds, university endowments and foundations, multinational corporations, insurance companies, fund-of-funds, and family offices. Nearly all institutional limited partners from Five Point Energy's prior fund committed to the new fund. Five Point Energy is a Houston-based private equity firm focused exclusively on investments within the midstream and energy infrastructure sector. The latest fund will be a continuation of Five Point's strategy in its prior funds, with a primary focus on acquisition and development opportunities within the North American midstream sector. "The oversubscribed closing of Fund III and notable return of nearly all LPs from the prior fund showcases Five Point's commitment to not only delivering on investment promises, but also cultivating long-standing relationships with their LP base," said Jeffrey Eaton, Partner at Eaton Partners. "We're proud to have served as exclusive placement agent for the fund and congratulate the firm on another successful fundraise." "Eaton Partners did a terrific job managing the process and introducing us to highly qualified institutional investors who had a direct appetite for our sector and strategy," said David Capobianco, CEO & Managing Partner at Five Point Energy. "The depth of their limited partner relationships and understanding of their investment strategies played a key role in the speed and efficiency of our successful fundraise."
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