White Deer’s Post

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We're excited to announce the successful closing of a $243 million continuation vehicle for White Deer’s investment in Flogistix, LP, a leader in methane capture and production optimization. Led by GCM Grosvenor and a consortium of new institutional investors, this continuation vehicle provided liquidity to existing investors while enabling others to continue their investment in Flogistix. Flogistix’s innovative technology captures methane and other vapors from crude oil before being vented or flared into the atmosphere, reducing greenhouse gas emissions and helping operators increase production volumes. During White Deer’s ownership, Flogistix has achieved over 4x EBITDA growth and we continue to be excited for its future growth potential. This oversubscribed fund signals strong investor confidence in Flogistix's future, while providing an attractive return for investors who elected to take liquidity. We look forward to seeing what the future holds for this innovative company. https://lnkd.in/gypZNr4u

Exclusive | White Deer Retains Methane-Capture Company With GCM Grosvenor Support

Exclusive | White Deer Retains Methane-Capture Company With GCM Grosvenor Support

wsj.com

Eric Lussier

Principal at NEXT LEVEL Partners®, LLC | Operations Executive | Transformation Lean Leader | Operational Excellence | Continuous Improvement Strategist

8mo

Congrats Varun and team

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Mark Lum

Managing Partner at CloudStreet Salesforce

8mo

Congratulations! 🎉

Lisa Anderson

Warehouse / Inventory Control Manager at Flogistix, LP

7mo

Love this

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Mike Bellin, CPA, CFA

PwC's US IPO Leader | PwC’s Capital Markets Integrated Solution Leader | IPO & SEC wiz | Father | Adventure seeker | Global citizen

8mo

Congrats!

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