FULCRUM ENERGY CAPITAL FUNDS
FULCRUM ENERGY CAPITAL FUNDS is a Series C+, buyout, debt and other fund in the US writing $10M–$25M checks into Climate, oil-and-gas, upstream-oil-and-gas and midstream.
- Stages
- Series C+, buyout, debt, other
- Sectors
- Climate, oil-and-gas, upstream-oil-and-gas, midstream
- Check size
- $10M–$25M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2016
- Assets under management
- $100M+
Thesis
Fulcrum Energy Capital Funds is a Denver, Colorado-based private equity firm that specializes in direct, lower middle market oil and gas investment opportunities across North America. Formerly known as Morse Energy Capital Partners, the firm rebranded in 2019. Fulcrum employs a value-oriented strategy, focusing on acquiring, optimizing, and developing producing upstream and select midstream assets in the lower 48 United States. They seek control-oriented investments in mature, cash-flowing assets, often partnering with experienced management teams. Their strategy involves taking significant positions to influence business strategy and operational efficiency, leveraging an in-house technical team. Fulcrum targets companies with scalable platforms and realistic growth strategies, particularly those described as 'good companies with bad balance sheets' due to over-leveraged capital structures. They also engage in distressed and special situations, acquiring assets from foreclosure processes. Fulcrum prefers to lead investment rounds, focusing on privately negotiated structured equity, private credit, and asset-level investments. Their typical check size ranges from $10 million to $25 million, with initial platform transaction values up to $100 million. The firm manages over $100 million in committed capital and focuses on top-tier oil and gas basins that remain economic in a lower price environment.
Common questions
Does FULCRUM ENERGY CAPITAL FUNDS invest at the Series C+ stage?
Yes. FULCRUM ENERGY CAPITAL FUNDS lists Series C+, buyout, debt and other among the stages it invests in.
What check size does FULCRUM ENERGY CAPITAL FUNDS write?
FULCRUM ENERGY CAPITAL FUNDS writes $10M–$25M checks.
Where does FULCRUM ENERGY CAPITAL FUNDS invest?
FULCRUM ENERGY CAPITAL FUNDS invests in the US.