Since inception, Velvet has raised just under $600 million of equity through its four equity sponsors and management and directors. The company’s private equity sponsors include:
Warburg Pincus L.L.C.
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $44 billion in private equity assets under management. The firm’s active portfolio of more than 140 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested more than $60 billion in over 780 companies in more than 40 countries. For more information, please visit www.warburgpincus.com.
For more than two decades, Warburg Pincus has invested or committed over $13 billion across more than 70 energy investments around the world involved in upstream, midstream and downstream oil and gas; energy services and technology; power generation and transmissions; alternative energy and renewables; and mining and metals.
Notable investments include Antero Resources, Brigham Resources, Bill Barrett Corporation, Broad Oak Energy, Encore Acquisition Company, Kosmos Energy, Laredo Petroleum, MEG Energy, Newfield Exploration, Spinnaker Exploration and Targa Resources.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com.
Trilantic Capital Partners
Trilantic Capital Management L.P. is a private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer and energy sectors. To date, Trilantic North America’s energy team has committed approximately $3.4 billion in capital across 25 energy investments. Trilantic North America currently manages four private equity fund families with aggregate capital commitments of $5.9 billion. For more information, visit www.trilantic.com.
1901 Partners Management, LP
1901 Partners Management, LP, is a privately held investment adviser formed in 2014 to provide management and advisory services to its clients with respect to oil and gas and other energy-related investments.
CANADA PENSION PLAN INVESTMENT BOARD
CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 20 million contributors and beneficiaries.
Term Debt Investors
Velvet has placed a total of US$175 million of Senior Secured Second Lien Notes with funds advised by FS Investments and certain investment funds managed by CI Investments Inc.