The Houston-based firm in December closed White Deer Energy III LP with $557 million in commitments, well below the fund’s $750 million target and less than half the size of a $1.39 billion predecessor.
Thomas Edelman, White Deer co-founder and managing partner, and his colleagues are determined to win back investors and prove their firm can still deliver stellar returns. To help secure its future, White Deer is preparing to transfer its leadership to a younger generation of partners.