Blue Water's Second Guernsey Energy Fund Surpasses $1 Billion Target

Energy-specialist private equity firm Blue Water Energy has confirmed the final $1.1 billion closing of its second Guernsey-domiciled fund.

The closed-ended Blue Water Energy Fund II (BWE Fund II), which secured strong support from both existing and new investors, will support Blue Water's longstanding buy-and-build strategy across the mid-market energy sector.

It has invested in three investment platforms to date. These include GPS Group, focused on building and operating mid/downstream storage and logistics assets globally; Mime Petroleum, focused on exploration and production opportunities on the Norwegian Continental Shelf; and Authentix, a global identification solution provider that prevents illicit trade of high-value, high-volume products such as gasoline, diesel and liquefied petroleum gas with broader applications globally.