Founded in 2004, 32 Degrees Capital is an oil and gas focused private equity firm based in Calgary, Canada. 32 Degrees has raised $275 million in capital since its inception and currently manages two active oil and gas funds with total committed capital of $190 million. As a long-term strategic partner, we have the experience and technical expertise to support our portfolio companies in achieving strong returns.

Source: 32 Degrees Capital


For us at 32 Degrees we recognized some years ago that the energy industry was changing and that our investment model that had been successful for the past 15 years was not functioning due to changing market conditions. For this reason, we decided two years ago not to raise a new fund and concentrate on managing our existing portfolio to the finish line. To move 32 Degrees into its final phase was a bittersweet decision for us in that we have built not just a top performing energy fund but have established an exciting place in Calgary’s investment community. Thank you to all those great associates that have been part of this success.

Source: 32 Degrees Capital

Industry Focus


Year Founded


Contact Info

650, 635-8th Avenue SW
Calgary, AB T2P 3M3


Key Personnel

Larry G. Evans, P.Eng. Founder and Managing Partner
Mitch Putnam, P.Geol. Founder and Managing Partner
Trent Baker, CFA, CA, Managing Partner

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