Oil and gas investment fund secures £50m

Oil and gas service investment fund Epi-V has secured £50million of capital from mid-market private equity firm LDC, taking the total amount raised by the team to £110million.

The money has been earmarked for future deals.

Epi-V invests £2million-£10million of expansion capital in oil and gas service companies developing technology capable of turning hard-to-reach and non-conventional reserves into economically viable prospects.

It has a current portfolio of six companies: Darcy, i-Tec, Brinker Technology, Moorland, Guardian and Tarblaster.