Energy Ventures and Progressus Management have decided to join forces to create a larger PE fund manager with access to larger resources for the benefit of companies and investors.
Rune Jensen and Per Arne Jensen will join as Senior Partners of Energy Ventures alongside continuing their respective roles as advisers to the existing Progressus funds. Rune Jensen will be part of the Energy Ventures management team together with Ole Melberg, Helge Tveit and Kjell E. Jacobsen.
“This gives us a significantly strengthened team at Energy Ventures while we also together form a strong platform for the future”, says Ole Melberg, Executive Chairman of Energy Ventures.
“We are very pleased to join the Energy Ventures team and look forward to working together with them to the benefit of late stage venture and early stage growth companies both in Norway and in the other oil hubs of the world”, says Rune Jensen, Managing Partner of Progressus Management.
About Energy Ventures
Energy Ventures is an independent private equity firm actively seeking early to mid-stage growth investments in companies that deliver a marketable, proprietary product or service with potential in the upstream sector. Through our investments we play an active role in securing a safer and more productive future for the E&P industry.
From initial investment to exit, we partner with our portfolio companies to ensure the most effective use of capital and talent. Our method is proven by our record: since inception in 2002 we’ve seen more than 3,900 deals, made thirty-seven investments and successfully exited fifteen companies. Energy Ventures currently manages four funds with a total committed capital of $775 million.