32 Degrees Capital
PE · Calgary · Canada
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Profile
32 Degrees Capital is a private equity firm focused on the oil and gas industry, based in Calgary, Canada. Established in 2004 by founders Larry G. Evans and Mitch Putnam, both with extensive backgrounds in energy company leadership and exploration, the firm brings together a team with strong operational, technical, and financial expertise. Despite having decided against raising new funds, their efforts have placed them as an influential player in Calgary's investment community, supported by deep industry knowledge and strategic partnerships. The firm invests in early-stage oil and gas companies, leveraging their technical expertise for due diligence and operational oversight. With $275 million raised historically and currently managing two active funds with a combined $190 million in committed capital, they focus exclusively on the North American region. Their portfolio includes names like Glacier Energy Ltd., Ice Energy Ltd., Avalanche Energy Ltd., Artis Exploration Ltd., and Vertex Resource Group Ltd. Notable investments include companies such as Canamax Energy Ltd., Summerland Energy Inc., Karve Energy Inc., and Rising Star Resources Ltd., where they apply their strategic oversight to drive growth. Their specialized attention to the energy sector sets them apart as a knowledgeable and experienced partner in the industry.
Contacts (2)
| Name | Title | Phone | ||
|---|---|---|---|---|
| Founder & Managing Partner | — | — | — | |
| Managing Partner | — | — | — |
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