Lime Rock Partners
Private equityHouston · Growth · 18 people tracked
Also known as LIME ROCK MANAGEMENT LP
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 25, 2026.
Team · 18 people
from the firm's website
What they invest in
from 13 of 108 portfolio companiesEnergy ×12Hardware ×4Deep Tech ×3Cleantech ×2Climate Tech ×2Advanced Manufacturing ×1Construction Tech ×1IoT ×1
HQs:United States×4United Arab Emirates×1United Kingdom×1
Investments · 108 tracked
founders shown can be your intro pathPrime Rock Resources is an oil and gas exploration and production company that acquires and develops unconventional properties in the Delaware Basin and the Louisiana Austin Chalk.
EnergyMidland, US
Manny Sirgo
Acteon provides engineering and offshore execution services for offshore wind developers and oil and gas operators, covering site investigation, construction, asset integrity management, and decommissioning of marine infrastructure.
CleantechClimate TechEnergy
Arena Energy is an oil and gas company focused on offshore exploration in the Gulf of America (Gulf of Mexico), using geological expertise and technology to identify new oil and gas accumulations.
Energy
Axis Energy Services is an integrated well services company supporting the full lifecycle of oil and gas wells, offering completions, workovers, intervention, and plug and abandonment services across major U.S. basins.
Energy
E&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.
EnerMech provides technical engineering, commissioning, operations, maintenance, and decommissioning services across the asset life-cycle for complex energy projects.
Energy
Charles 'Chuck' Davison Jr.(CEO)
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.
Pangeo Subsea develops underwater sensing and imaging technology, including LiDAR metrology systems, a Sub-Bottom Imager, an Acoustic Corer, and the KATFISH towed synthetic aperture sonar.
Deep TechHardware
Co-investorsEV Private Equity
Specialty services company Lime Rock partnered with in 2003.
Reelwell develops wired drillpipe technology for the oil and gas downhole drilling sector, offering digital telemetry, power delivery, and improved reliability for both land and offshore drilling operations.
Deep TechEnergyHardware
Minerals acquisition venture in the Marcellus Shale led by executives from Vantage Energy; partnership formed in 2015 and expanded in 2017.
Serimax provides high-performance orbital welding solutions for pipelines and critical infrastructure, combining technology, engineering, and field execution into project delivery.
Advanced ManufacturingConstruction TechEnergy
Guillaume Graindor(Managing Director)Mickaël Dolou(Group Director, Strategic Planning and Contracting)Bertrand Coudrat(Group Director, Finance and Information Technology)
Shelf Drilling is an offshore drilling contractor focused solely on jack-up rig operations, providing drilling services to oil and gas customers.
EnergyDubai, AE
Silixa provides fibre optic-based distributed sensing solutions that deliver high-resolution, real-time temperature, strain and acoustic data in demanding environments.
EnergyHardwareIoT
EnergyBoulder, US
Trevor Burgess(Director)Richard Cooper(Director)Geoffrey A. Dorn(Executive Officer, Director)Gwen S. Pech(Executive Officer)Francis A. Coady(Executive Officer)Rajat Barua(Director)
TWMA is a specialist drilling waste management company serving oil and gas operators onshore and offshore, providing onsite processing, ship-to-shore, and slop treatment services that reduce cost and cut carbon emissions from drilling operations.
CleantechClimate TechEnergyAberdeen, GB
Halle Aslaksen(Chief Executive Officer)
VES Survey International is an independent wellbore surveying company for the oil and gas industry, providing on-site survey services and developing proprietary high-accuracy gyro and inertial surveying instruments.
Deep TechEnergyHardware
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
- How many investments has Lime Rock Partners made?
- Lime Rock Partners has 108 tracked investments.
- 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.
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