Baker Botts Helps Pan Capital Start Energy Private Equity Fund

Baker Botts said it represented Houston-based natural gas fund manager Pan Capital Management LP on the setting up of an energy-focused private equity firm and an initial $125 million fund.

Founded in 2013, Pan Capital Management says it uses fundamental research and proprietary analytical models to identify trading opportunities in the U.S. natural gas market.

Its investment team manages a portfolio of energy commodity hedge fund investments and private equity commitments with around $1 billion in cumulative assets under management, according to a statement.

Pan Capital’s new Pan Resources Opportunity Fund LP will focus on lower- and middle-market investments in ...