About 32 Degrees

32 Degrees Capital (32 Degrees) is pleased to announce the initial closing of 32 Degrees Diversified Energy Fund III with $130.0 million of capital commitments. Fund III is a successor fund to the $85 million 32 Degrees Diversified Energy Fund II which is now fully invested with four resource investments and five service investments.

The majority of the initial fund investors are returning Fund II investors that consist of investors from throughout North America including endowments, leading fund of funds investors, family offices and high net worth investors.

Founded in 2004, 32 Degrees Capital is an energy-focused private equity firm based in Calgary, Canada. Our Firm follows a diversified energy strategy, making investments in partnership with management teams in early stage oil and gas companies and energy service, equipment and manufacturing businesses.

We look to make investments in business models that have significant growth opportunities and that operate with or provide a significant cost advantage.