Cadent Energy Partners LLC, Rye Brook, N.Y., has closed its second private equity fund, Cadent Energy Partners II LP with $473.3 million in commitments from its partners. The fund exceeded its initial target of $375 million due to strong support from existing investors coupled with new commitments from other leading institutional investors.

Cadent managing partner Paul McDermott says, "We are extremely gratified by the support we have received from our existing limited partners and are pleased to have the opportunity to establish long-term relationships with the new limited partners who have joined our investor group."

Cadent managing partner Bruce Rothstein says, "We are excited to ...

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