Quantum Capital Said to Plan Continuation Fund for HG Energy

Quantum Capital Group, an energy-focused private equity firm, is considering moving portfolio company HG Energyinto a continuation fund, according to people with knowledge of the matter.

The firm is talking to investors about moving HG into a new vehicle that would value the Parkersburg, West Virginia-based company at more than $2 billion, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Quantum and HG management will roll over their ownership, while other existing investors are being invited to do so as well, the people said.

A representative for Quantum declined to comment, ...