Private equity fund Energy Capital Partners announced earlier this week the final close of Energy Capital Partners II ("Fund II"), a private equity fund focused on the acquisition, development and construction of energy infrastructure assets in North America. The fund exceeded its $3.5 billion target capital raise amount and completed the final close at the capped amount of $4.335 billion, which includes capital committed from the Partners and employees of Energy Capital Partners.
Fund II will primarily invest in assets in the fossil and renewable power generation, electric transmission and midstream gas sectors. It has made several investments thusfar, including the completed acquisition of three natural gas-fired power generating facilities in New England, a 100-mile gas gathering pipeline system under construction in the Barnett Shale region in Texas, an electric transmission line under development in Southern California and an operating business providing electrical infrastructure construction and maintenance services.
Energy Capital's Senior Partner, Doug Kimmelman, commented, "we are appreciative of the support and trust of our many Limited Partners and we look forward to providing attractive investment returns across an energy landscape with accelerating capital demands."