James Lam

Haddington Ventures, LLC provides equity capital for the assets, companies, and management teams that will profit from changes in the energy industry due to deregulation, convergence, consolidation, and technology. Haddington seeks to acquire midstream assets which generally require $20-$50 million of equity and have an enterprise value of up to $150 million. The HV principals were the founders and senior management of Tejas Power Corporation. The firm prefers deal sizes in the range of $5 to $20 million with an exit opportunity in three to five years. The Fund will not pursue direct ownership of oil and gas reserves, companies that primarily market or trade commodities, or investments where increasing commodity prices are the key factor to investment success. Haddington Energy Partners manages four funds that represent over $400 million in assets under management, since formation in 1998. In November 2012, Haddington announced the close of Fund IV with $347 million in comitted capital.