HOUSTON--(BUSINESS WIRE)--Esperanza Capital Partners (“ECP”) is pleased to announce the formation of its inaugural energy investment platform, founded by Managing Partners David M. Dunwoody, Jr. and William H. Goodwin alongside investment firm Cockrell Interests, LLC (“Cockrell”). ECP will target the acquisition of high-quality energy and infrastructure assets located in the U.S. Gulf of Mexico (“GOM”).
ECP is focused on assets which provide investors with current cash flow yield and providing creative solutions to current basin incumbents looking for a transition, a strategic or operating partner or a flexible capital provider. Armed with long-duration capital partners, a unique investment structure and a track record of safely building and operating a portfolio of offshore assets, ECP is positioned to pursue the diverse set of opportunities that exist in the offshore energy sector.
“We believe historical under-investment in the GOM provides a unique opportunity for ECP to safely transition assets from larger operators to a focused, seller-aligned investment platform with a clean structure and balance sheet capable of substantial scale,” said ECP Managing Partner William Goodwin.
Prior to ECP, Mr. Dunwoody was Co-founder and President of EnVen Energy Corporation, an independent operator in the GOM, and Mr. Goodwin was a Partner at Millennial Energy Partners, an energy investment firm and direct asset manager. Further, while serving in their prior leadership roles, the principals closed multiple acquisitions of material scale with several oil & gas Supermajors.
“We look forward to combining the operations and investment management expertise of the ECP partnership to create a unique and sustainable investment model in our industry for decades to come,” said ECP Managing Partner David Dunwoody. “Cockrell has deep roots in the investment community and our industry, and we couldn’t imagine a better partner for ECP.”
Cockrell is a Houston-based, family-owned investment firm with 70 years of investment experience in asset classes including private equity, agriculture, real estate, venture capital, public equities, and credit. The Cockrell family is a fifth generation Houston family with almost a century of experience in the oil & gas business including substantial exploration, development, operating, and investment experience offshore in the GOM.
Michael De Voe Piazza and Will Thanheiser from Willkie Farr & Gallagher LLP provided legal counsel to ECP in connection with the formation of ECP. Creighton Smith and Bobbi Ingram of Vinson & Elkins LLP provided legal counsel to Cockrell in connection with its investment in ECP.
About Esperanza Capital Partners
Esperanza Capital Partners is a private investment firm based in Houston, Texas.