PEARL ENERGY INVESTMENTS
Private equityDallas · Growth–Late Stage · 16 people tracked
Also known as PEARL ENERGY INVESTMENT MANAGEMENT III, LLC · PEARL ENERGY INVESTMENT MANAGEMENT IV, LLC · PEARL ENERGY INVESTMENT MANAGEMENT, LLC
Find your way into PEARL ENERGY INVESTMENTS
2,773 people in our graph share verified history with the PEARL ENERGY INVESTMENTS team — schools, employers, funds. One of them is your warm intro.
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 Sep 15, 2026.
Team · 16 people
from the firm's website & public directoriesWhat they invest in
from 15 of 16 portfolio companiesEnergy ×14Cleantech ×3Climate Tech ×2AI & Machine Learning ×1Enterprise Software ×1GovTech ×1IoT ×1SaaS ×1
HQs:United States×12Canada×2
Investments · 16 tracked
founders shown can be your intro pathBy year:2026 · 12022 · 12017 · 13 dated
Infinity Natural Resources is a privately held exploration and production company that develops unconventional oil and gas reserves in Ohio and Pennsylvania using advanced drilling techniques.
EnergyMorgantown, US
Ryan Warner, P.E.(Founder)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
Co-investorsNgp
Dragonfly Oil & Gas Partners is an upstream oil and natural gas exploration and production company focused on acquiring and developing operated oil inventory in the Permian, MidCon, and South Texas regions.
Energy
Steven Mickey(Co-Founder and Co-CEO)John Fechtel(Co-Founder and Co-CEO)David DaGian(Co-Founder and Senior Vice President of Geosciences)
Eagle Mountain Energy Partners is a private exploration and production company that acquires and develops onshore oil and gas assets, primarily in Rocky Mountain basins.
EnergyHouston, US
Eric Pregler(Co-founder)Shaleen Patel(Co-founder)Michael DeKruif(Co-founder)Kyle Dubiel(Co-founder)
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 Innovations develops technologies that convert hydrogen sulfide and other pollutants from heavy industrial operations into inert, non-toxic products such as elemental sulfur fertilizer.
AI & Machine LearningCleantechClimate TechEnergyEnterprise SoftwareIoTSan Antonio, US
Gary Gill(Executive Officer)inWilliam 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
Co-investorsCubit Capital
Permian Resources is an independent oil and natural gas company that acquires, optimizes and develops oil and liquids-rich natural gas assets.
EnergyMidland, US
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
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
Chris Sorrells(CEO & Chairman)Jeff Schramm(CFO)Robert Kaplan(COO & Head of Business Development)
Swordfish Energy operates in upstream oil and gas, focusing on asset acquisition, development, and operations.
EnergyHouston, US
Marcos Briceno(Founder & CEO)Patrick Sherman(Founder & CFO)
Co-investorsEnCap Energy Transition
Voyager Midstream operates natural gas infrastructure in the Haynesville region, providing gathering, processing, compression, and liquids fractionation services to energy producers.
EnergyEast Texas and Louisiana, US
William Harvey(Founder)in
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)
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Caminoresources
Exits · 1
1 IPOsInfinity Natural ResourcesNYSE: INR
Portfolio news
latest coverage across their companiesStreamline Innovations · castleplacement.com · Sep 11, 2025
Fund performance · per public LP disclosures
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| 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).
IPO stake values · per SEC filings
Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.
| Company | Owned | IPO price | At IPO | Stake value |
|---|---|---|---|---|
| Infinity Natural Resources | 49.1% | $20.00 | Feb 2025 | $577.9M |
Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).
Frequently asked questions
- How many investments has PEARL ENERGY INVESTMENTS made?
- PEARL ENERGY INVESTMENTS has 16 tracked investments, 1 of which have exited, 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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