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Article: ArcLight Capital Partners Closes $1.6 Billion Energy Fund.
- Article from:
- Business Wire
- Article date:
- June 28, 2004
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BOSTON -- ArcLight Capital Partners LLC, one of the world's leading energy investment firms, today announced the firm has raised a $1.6 billion private equity fund to invest in assets across the power and energy value chain. The new fund, which was oversubscribed, brings ArcLight's fundraising total to more than $2.5 billion in two funds over the past three years.
ArcLight initiated fundraising for its new fund, ArcLight Energy Partners Fund II, LP, in October 2003, securing commitments from more than 75 investors. Almost all of the Firm's existing investors, such as the Caisse de depot et placement du Quebec (CDP Capital) and the University of Texas, returned, ...