Lime Rock Partners
Private equityHouston · Growth · 18 people tracked
Investment thesis
Lime Rock Partners describes itself as a creative private equity investment partner that builds differentiated, high-growth businesses side by side with management teams. Its focus is on the energy sector, particularly exploration & production (E&P) and oilfield services companies worldwide. A related team, Lime Rock Resources, acquires, operates, and improves lower-risk oil and gas properties in the United States, while Lime Rock New Energy addresses newer energy opportunities. Across its Lime Rock Partners, Lime Rock Resources, and Lime Rock New Energy funds, the firm has raised more than $10.4 billion in private capital commitments since its 1998 inception and completed over 100 investments.
Source: firm website, verified Aug 6, 2026.
Team · 18 people
from the firm's websiteInvestments · 109 tracked
founders shown can be your intro pathE&P company pursuing a differentiated strategy in the Permian Basin; invested in 2012 (Capstone) and 2014 (Capstone II).
Formed in 2007, one of the most active private drillers in the U.S. and a significant resource holder in the Wolfcamp and Wolfberry Plays.
Specialty services company backed in 2008, managed by a team led by Doug Duguid.
A downhole video technology leader that commercialized its technology worldwide.
Specialist service company focused on completion tools; backed by Lime Rock Partners in 2011.
Diversified oilfield service company focused on service quality in the Middle East and North Africa; partnered in 2010.
Fund performance · per public LP disclosures · 7
as of Sep 2021| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Lime Rock Partners IV AF, L.P.LPs: California Public Employees' Retirement System, Carnegie Corporation of New York, Rockefeller Foundation | 2018 | — | 14.3% | 1.45x | 0.02x |
| Lime Rock Partners VIII, L.P.LPs: District of Columbia Retirement Board, Carnegie Corporation of New York | 2017 | — | 11.4% | 1.61x | 1.10x |
| Lime Rock Partners VII, L.P.LPs: District of Columbia Retirement Board, Carnegie Corporation of New York | 2015 | — | 18.1% | 1.93x | 1.62x |
| Lime Rock Partners VI, L.P.LPs: The Regents of the University of California, District of Columbia Retirement Board, Robert Wood Johnson Foundation | 2011 | — | -3.8% | 0.91x | 0.91x |
| Lime Rock Partners V, L.P.LPs: California Public Employees' Retirement System, The Regents of the University of California, Carnegie Corporation of New York +4 more | 2008 | — | -2.6% | 0.88x | 0.75x |
| Lime Rock Partners IV, LPLPs: California Public Employees' Retirement System, Carnegie Corporation of New York, John S. and James L. Knight Foundation +1 more | 2006 | — | 14.6% | 2.91x | 2.91x |
| Lime Rock Partners III, L.P.LPs: California Public Employees' Retirement System, Carnegie Corporation of New York, Rockefeller Foundation | 2004 | — | -12.5% | 0.53x | 0.49x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Lime Rock Partners invest at?
- Lime Rock Partners invests at the Growth stage.
- What is Lime Rock Partners's typical check size?
- Lime Rock Partners typically writes checks of $50M – $150M.
- What sectors does Lime Rock Partners focus on?
- Lime Rock Partners focuses on Energy.
- Where is Lime Rock Partners located?
- Lime Rock Partners is headquartered in Houston, US.
- Does Lime Rock Partners lead rounds?
- Yes, Lime Rock Partners leads investment rounds.
Similar investors
ACT Venture Capital is an independent Irish venture capital firm that invests €1 million to €15 million in growth-stage private companies, with capacity for larger commitments through syndicated rounds.
AirTree Ventures runs the Pioneers community, a program supporting women and gender-diverse operators, founders and aspiring founders working in high-growth startups, offering mentorship, events and access to the AirTree team.
Amadeus Capital Partners is a UK-based deep tech venture capital firm founded in 1997 that invests from seed to growth stages across artificial intelligence, health, and sustainability-focused technologies.
B Capital is a venture and growth investment firm that backs technology companies, including a dedicated Resilience Tech practice focused on energy, industrial and infrastructure systems.
Cathay Innovation is a multi-stage venture capital firm founded in Paris in 2015 that invests in startups building technologies transforming how people live and work, backed by industry and corporate partners.