Fundraising Fox

PEARL ENERGY INVESTMENTS

Private equity

Dallas · Growth–Late Stage · 14 people tracked

Also known as PEARL ENERGY INVESTMENT MANAGEMENT III, LLC · PEARL ENERGY INVESTMENT MANAGEMENT IV, LLC · PEARL ENERGY INVESTMENT MANAGEMENT, LLC

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Investment thesis

Pearl Energy Investments partners with proven management teams to invest in the North American energy sector. The firm typically pursues opportunities that require between $50 million and $150 million of equity capital, deploying its capital under management to back experienced operators in energy.

Source: firm website, verified Aug 25, 2026.

Stage
Growth–Late Stage
Check
$50M – $150M
HQ
Dallas, US
Instruments
Equity
Founded
2015
Last 12 months
1 investment
AUM
$3B
VC funds
4
Tracked investments
16

Team · 14 people

from the firm's website

What they invest in

from 15 of 16 portfolio companies

Energy ×14Cleantech ×3Climate Tech ×2GovTech ×1SaaS ×1

HQs:United States×10Canada×2

Investments · 16 tracked

founders shown can be your intro path

By year:2026 · 12022 · 12017 · 13 dated

Infinity Natural Resourcesinfinitynaturalresources.cominNYSE: INRMar 2026

Infinity Natural Resources (INR) is a privately held exploration and production (E&P) company focused on oil and natural gas development in the Appalachian Basin.

EnergyMorgantown, US

William Quinn(Director)inScott Gieselman(Director)Katherine Gallagher(Director)Sarah James(Director)Zack Arnold(President and Chief Executive Officer)Steven Gray(Director)

Board seatSteven CobbWilliam Quinn· per SEC Form D

Blackjacknrblackjacknr.com✓ verified

Blackjack Natural Resources is a privately held oil and natural gas company that acquires and develops oil and gas assets in the US mid-continent region.

EnergyOklahoma City, US

Dragonfly Ogpdragonfly-ogp.com✓ verified

Dragonfly Oil & Gas Partners, LLC is an oil and gas company.

Energy

Em Epem-ep.com✓ verified

Eagle Mountain Energy Partners (EMEP) is a private oil and gas exploration and production company that acquires long-lived producing assets with development potential in the Rockies region and other oil-weighted basins.

EnergyHouston, US

Slantenergyslantenergy.com✓ verified

Slant Energy is a private oil & gas exploration and production company that acquires, develops, and optimizes upstream assets across onshore basins in the United States.

EnergyLafayette, US

Tritonmidstreamtritonmidstream.com✓ verified

Triton Midstream develops and operates water midstream infrastructure for oilfield water management in the energy industry, serving oil and gas producers in the Permian Basin.

CleantechEnergy

Streamline Innovationsstreamlineinnovations.cominNov 2022SEC filingmedium confidence

Streamline develops and commercializes gas treating technologies for hydrogen sulfide (H2S) and CO2 removal, helping customers in energy, wastewater, renewable fuels, and industrial sectors meet environmental and sustainability requirements.

CleantechClimate TechEnergySan Antonio, US

Gary Gill(Executive Officer)William Lemmer(Executive Officer, Director)David Sisk(Executive Officer, Director)

BoardRobert Raymond(Director)H.W. Cox, Jr. Ph.D.(Director)

Board seatSteven Cobb· per SEC Form D · $54.3M raise · filed Nov 2022

Co-investorsCubit Capital

Caminoresourcescaminoresources.com
Coveecovee.ca

The company provides regulatory compliance reporting services, including ESTMA (Extractive Sector Transparency Measures Act) reporting and Modern Slavery Bill S211 reporting.

GovTechSaaSCalgary, CA

Permianrespermianres.comin

Permian Resources (NYSE: PR) is an independent oil and natural gas company that acquires, optimizes and develops oil and gas properties in the Permian Basin, with assets concentrated in the core of the Delaware Basin.

EnergyMidland, US

Powderhorneppowderhornep.com

Powderhorn is a private oil & gas company focused on the acquisition and development of upstream properties in the Permian Basin.

EnergyMidland, US

Spur Petroleumspurpetroleum.caApr 2017

Spur Petroleum Ltd. is a privately-owned oil and natural gas company with operations focused on the Clearwater oil play in northern Alberta.

EnergyCalgary, CA

Andrew Leuchter(Executive Officer)David O'Brien(Director)Greg Warner(Executive Officer)Matt Young(Executive Officer)Grant Zawalsky(Director)Ron Wigham(Director)

Co-investorsLongbow Capital

Sv Acsv-ac.com

Spring Valley is a Dallas-based asset management firm that operates a family of special-purpose acquisition vehicles formed to merge with or acquire businesses in the power infrastructure and decarbonization sectors.

CleantechClimate TechEnergyDallas, US

Swordfishenergyswordfishenergy.com

Swordfish Energy is a private equity-backed oil and gas operator focused on the Permian Basin in Texas, growing its position through acquisitions and field development.

EnergyHouston, US

Voyagermidstreamvoyagermidstream.comin

Voyager Midstream is an independent midstream company operating about 550 miles of natural gas gathering pipelines, plus cryogenic natural gas processing and liquids fractionation facilities.

Energy

Wildbasinenergywildbasinenergy.com

Wild Basin Energy acquires oil and gas mineral rights from mineral owners, using a technically-driven minerals evaluation to price offers and generate risk-adjusted returns for investors.

Energy

Blake Williams(CEO)Jacob Sexton(CFO)Debbie Brandes(VP of Reservoir Engineering)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 1

IPOs and acquisitions across the tracked portfolio

Infinity Natural ResourcesNYSE: INR

Fund performance · per public LP disclosures

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Pearl Energy Investment IV, L.P.LPs: Texas Municipal Retirement System-21.9%0.88x

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 PEARL ENERGY INVESTMENTS made?
PEARL ENERGY INVESTMENTS has 15 tracked investments, including 1 dated in the last 24 months.
What stage does PEARL ENERGY INVESTMENTS invest at?
PEARL ENERGY INVESTMENTS invests at the Growth, Late Stage stages.
What is PEARL ENERGY INVESTMENTS's typical check size?
PEARL ENERGY INVESTMENTS typically writes checks of $50M – $150M.
What sectors does PEARL ENERGY INVESTMENTS focus on?
PEARL ENERGY INVESTMENTS focuses on Energy.
Where is PEARL ENERGY INVESTMENTS located?
PEARL ENERGY INVESTMENTS is headquartered in Dallas, US.

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