On April 20, 2023, Carbon Infrastructure Partners (CIP), an energy private equity firm, announced that CIP Energy Fund 2 is fully invested following the closing of a $90 million GP-led private secondary transaction.

Partnering with a New York-based, secondary-focused investor and advised by Huron Transaction Advisory LLC, member FINRA/SIPC, and KES 7 Capital Inc., CIP Energy Fund 2 acquired existing fund units comprised of private and public upstream Canadian oil & gas producers.  

This transaction follows CIP Energy Fund 1, which closed in 2022, with committed capital of $32.5 million. CIP Energy Fund 1 has deployed capital into a go-public transaction with Lycos Energy and secondary purchases of existing fund units.