Cibolo Energy Partners Announces Final Closing on $279 Million Cibolo Energy Partners II, L.P.

HOUSTON, TX / ACCESSWIRE / September 9, 2024 / Cibolo Energy Management, LLC ("Cibolo"), an energy-focused private debt firm, has successfully closed Cibolo Energy Partners II, L.P. ("Fund II"). The fund amassed $279 million (excluding affiliate investments) from a diverse investor base, which includes corporate pension plans, asset managers, fund of funds, family offices, and high net worth individuals. Along with its dedicated co-investment vehicles, Fund II has over $330 million of committed capital.

Co-founders Justin Teltschik and JW Sikora will lead Fund II in targeting upstream and midstream companies seeking credit alternatives for growth through acquisitions or accelerated development capital. Cibolo specializes in providing liquidity solutions that allow companies to access growth capital not available from traditional banks.

To date, Cibolo has partnered with three upstream companies and one midstream company in Fund II, with a strong pipeline of investment opportunities under evaluation. The Cibolo strategy focuses on top of the balance sheet securities, underwrites long-life assets with existing production and cash flow, practices aggressive commodity hedging, and ensures proper risk alignment with portfolio companies.