Azimuth Capital Management is a private equity and venture capital firm. It targets seed, early stage, middle market, and emerging companies in the energy sector. It makes direct investments and co-investments in companies focused on oil and gas exploration and production, oil sands, non-conventional resource plays, energy infrastructure, services, and energy technology in Canada and selectively extends to the United States, Europe, and Africa.
Jeff van Steenbergen and Pentti Karkkainen founded KERN Partners in 2000 in Alberta. In 2015 it changed its name to Azimuth Capital Management to reinforce its commitment to navigate the dynamic energy environment. It has offices in Calgary and California and operating partners in Houston and Denver. Its investments include Ausra, Osum, Magma Global, Black Swan Energy, and TimberRock Energy.
Their most recent investment was on Mar 6, 2017, when they invested $39M in TimberRock Energy.
Energy investor KERN Partners rebrands as Azimuth Capital - PE Hub
November 27, 2015