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Former $2 billion private equity fund now nearly worthless – EnerVest Ltd.

Wells Fargo¬†and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than $2 billion that is now worth close to nothing, according to a report from the Wall Street Journal. EnerVest Ltd., a Houston private equity firm that focuses on energy investments, manages the private equity […]

EnerVest – $2 billion energy investment goes bust

A $2 billion EnerVest fund that invested in oil and gas wells has essentially gone bust. Major pensions and other investors could be left with just pennies on the dollar at best. The loss is unusual for a private equity firm of EnerVest’s size and raises concerns that similar funds offered by competitors could fail. […]