New York, NY, April 22, 2026 (GLOBE NEWSWIRE) -- Lime Rock New Energy ("LRNE") announced today the successful final close of Lime Rock New Energy Fund II ("Fund II," or "the Fund") with total commitments of $640 million. The Fund closed well above its $500 million target and just below its $650 million hard cap, representing a doubling of committed capital relative to Fund I. This strong result reflects robust investor interest in LRNE's differentiated approach to investing in high growth energy transition companies that it believes are well positioned to take advantage of the macro trends driving decarbonization and energy security.

"We are tremendously grateful for the confidence our limited partners have placed in us," said Mark Lewis, Managing Director of Lime Rock New Energy. "Closing Fund II at double the size of Fund I reflects their confidence in our team, our disciplined investment approach, and the compelling opportunity set we see across the energy transition landscape. We are excited to put this capital to work on behalf of our investors."