Al Carnrite Featured in WSJ Pro: Private Equity
A&M Managing Director Al Carnrite was recently featured in WSJ Pro: Private Equity: "Former Warburg Pincus Executives' New Firm Seeks $750 Million for Oil-and-Gas Bets"
Covalence Investment Partners, newly founded by former Warburg Pincus executives David Habachy and David Krieger, is seeking $750 million for its debut fund, Covalence Equity Income Fund. The Houston-based firm aims to invest in mature oil-and-gas fields across the U.S. The strategy focuses on proven, developed, and producing (PDP) energy assets, aiming to capitalize on the current popularity of dividend-focused fund strategies in the face of uncertainties about the future value of fossil fuel assets.
In a recent article by WSJ Pro, energy expert Al Carnrite shares his insights on the changing oil and gas industries. Carnrite highlights how "Oil-and-gas investors are saying, ‘I want distributions. I don’t want my money locked up for years in the hope that there’s going to be some kind of transaction.'"
