PE Firm Intervale Brings In $63M For 2nd Energy Fund

Law360, New York (January 3, 2012, 5:11 PM EST) -- Energy-focused private equity firm Intervale Capital LLC has raised $63 million from seven investors for its second fund, a $350 million goal, the company revealed last week.

In a Dec. 30 regulatory filing, Intervale, a relative newcomer to the buyout arena, named managing partner Charles Cherington and partner Erich Horsley as principals in the fund. The company closed its first fund in 2008, a $280 million vehicle to buy out oil and gas service companies.

Intervale, which has offices in Cambridge, Mass., and Houston, has not...
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