Carnelian Energy Capital Management completed an investment in Alta Mar Energy.

Carnelian Energy Capital Management, a private equity firm, completed an investment in Alta Mar Energy, an offshore energy firm. Financial terms were not disclosed. “The Gulf of Mexico is a crucial component of global energy supply. The last decade has yielded tremendous innovations in subsurface imaging and extraction technologies, making the basin ripe for new capital, teams and ideas to perpetuate this important resource. The Alta Mar team has the right capabilities, experience and relationships to capitalize on this compelling opportunity,” Dillon MacDonald, Carnelian Principal.