Clubs and Organizations
July 17, 2017
A fund managed by Houston-based private equity firm EnerVest Ltd. has lost essentially all of its value, The Wall Street Journal reports.
The $2 billion fund, which focused on oil and gas, was started in 2013 and then borrowed $1.3 billion to extend its buying power, per the WSJ. Now, investors are expected to be left with at most pennies for every dollar invested, people familiar with the matter