Bapco Energies has invested in Kimmeridge Fund VII, the flagship fund of energy-focused asset manager Kimmeridge, through its corporate venture arm, BeVentures.

The transaction marks BeVentures’ first fund investment and establishes a strategic partnership between the two companies.

The collaboration will provide a framework to explore opportunities across the natural gas and liquefied natural gas (LNG) value chain, while offering potential future co-investment opportunities aligned with Bahrain’s long-term energy priorities.

Mark Thomas, Group Chief Executive Officer of Bapco Energies, said: “Engaging with leading organizations across the global energy sector is an important part of how we strengthen our capabilities and support our long-term objectives. Kimmeridge’s technical expertise and strong presence in North America provide valuable perspectives as we continue to advance the Group’s strategic priorities and support the Kingdom’s evolving energy needs.”

Areije Al Shakar, Chief Executive Officer of BeVentures, said: “This investment represents an important milestone for BeVentures and reflects our focus on partnering with highly specialized investors that bring deep sector expertise and differentiated market insight. We look forward to working with Kimmeridge and exploring opportunities that support long-term value creation while advancing our strategic objectives.”

Dr. Neil McMahon, Co-Founder and Managing Partner at Kimmeridge, said: “Our partnership with Bapco Energies marks a further step in Kimmeridge’s commitment to the Middle East. We are proud to support the region’s energy ambitions, contributing to economic growth and transformation, while creating lasting value for our investors and partners.”

Fayçal Benjelloun, Managing Director and Head of Middle East at Kimmeridge, said: “We are delighted to welcome Bapco Energies as an investor and appreciate the trust placed in our team. We continue to build enduring relationships with regional institutions through close engagement and shared expertise, and look forward to working with the Bapco team to explore opportunities across the natural gas and LNG value chain.”

Through the partnership, Bapco Energies will gain access to Kimmeridge’s natural gas and LNG expertise, proprietary research, and sector specialists. -OGN/TradeArabia News Service