PAN CAPITAL MANAGEMENT LP
PAN CAPITAL MANAGEMENT LP is a Series C+ and other fund in global and asia writing $50M–$150M checks into Climate, commodities, natural-gas, power-markets and midstream-infrastructure.
- Stages
- Series C+, other
- Sectors
- Climate, commodities, natural-gas, power-markets, midstream-infrastructure
- Check size
- $50M–$150M
- Invests in
- global, asia
- Actively investing
- Yes
- Founded
- 2011
- Assets under management
- $3.08B
- Website
- pancapmgmt.com
Thesis
Pan Capital Management LP (PCM) is an alternative investment firm founded in 2011 and headquartered in Houston, Texas. With approximately $3.08 billion in regulatory AUM as of June 30, 2025, PCM focuses on energy and macro markets, particularly natural gas and power. Their investment strategy, termed 'quantamental,' blends fundamental research with proprietary quantitative models to identify short to intermediate-term mispricing and trading opportunities using liquid futures and options. The firm operates through distinct divisions: Hedge Fund (including the Pan Capital Energy Fund and Pan Capital Global Multi-Strategy Fund), Midstream, and Upstream. The Pan Capital Energy Fund targets the energy sector, while the Global Multi-Strategy Fund is a diversified multi-asset, multi-manager fund with a focus on commodities and Asia. In November 2022, PCM launched Pan Midstream to invest in midstream natural gas storage, transportation, and infrastructure, targeting middle-market transactions requiring $50 million to $150 million per deal. PCM has a global presence with offices in Houston, New York, and Hong Kong, indicating a broad investment scope. Their strategy involves a mix of lead and follow investments using various financial instruments.
Common questions
Does PAN CAPITAL MANAGEMENT LP invest at the Series C+ stage?
Yes. PAN CAPITAL MANAGEMENT LP lists Series C+ and other among the stages it invests in.
What check size does PAN CAPITAL MANAGEMENT LP write?
PAN CAPITAL MANAGEMENT LP writes $50M–$150M checks.
Where does PAN CAPITAL MANAGEMENT LP invest?
PAN CAPITAL MANAGEMENT LP invests in global and asia.