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Pearl Energy Investments
Pearl Energy Investments is a Dallas, Texas-based investment firm with $3.0 billion of capital under management. Pearl focuses on partnering with proven...
Overview
Pearl Energy Investments is a Dallas, Texas-based investment firm with $3.0 billion of capital under management. Pearl focuses on partnering with proven management teams to invest in the North American energy sector. The firm typically targets opportunities requiring $50 million to $150 million of equity capital.
General information
Firm type
Private Equity
Year founded
2015
AUM
$3.0 billion (per the firm)
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Principals
Billy Quinn
Managing Partner
Stewart Coleman
Partner
Steven Cobb
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Pearl Energy Investments?
Managing Partner Billy Quinn leads the investment team alongside Partners Stewart Coleman and Steven Cobb. The firm lists 14 total team members on its website, a tight group for a $3.0 billion manager. Decisions appear to be made collectively by the partnership, given the absence of a formal investment committee breakdown.
Which basins and geographies does Pearl focus on?
The firm's website specifies a North American mandate. Portfolio company disclosures point to exposure in the Permian Basin (Swordfish Energy, Eagle Mountain Energy Partners), the Williston Basin (TXO Partners), and the Anadarko and Gulf Coast regions through various midstream and services businesses.
What is Pearl's known posture on co-investments alongside external GPs?
Pearl frequently co-invests. Portfolio announcements consistently reference Natural Gas Partners as a joint equity provider, including Eagle Mountain Energy Partners and AVAD Energy Partners. The firm also brought in Energy Innovation Capital as a co-investor for Streamline, a gas and water treatment services company.
Has Pearl invested outside of traditional oil and gas?
Yes, in a notable departure. Pearl's Spring Valley Acquisition Corp. SPAC took NuScale Power public in 2022, giving Pearl exposure to next-generation small modular nuclear reactor technology. It is the only publicly disclosed energy-transition investment in the portfolio.
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