ArcLight Launches $5.5B Fund for Energy Infrastructure Investments
Despite the oil and gas sector's current funk due to low commodity prices, ArcLight Capital Partners is unambiguously open for energy infrastructure business.
August 03, 2015 at 11:00 AM
4 minute read
Despite the oil and gas sector's current funk due to low commodity prices, ArcLight Capital Partners is unambiguously open for energy infrastructure business. With an impressive track record since the firm was founded in 2001, ArcLight recently announced the final closing of its latest fund, ArcLight Energy Partners Fund VI, with $5.575 billion in commitments, exceeding its $4 billion target and initial $5 billion hard cap. ArcLight has now raised over $15 billion globally since conception.
“We are grateful for the support we've received from both our existing and new limited partners who share our view that today's energy landscape presents a highly attractive opportunity,” said Daniel Revers, ArcLight's managing partner and co-founder, in a statement.
According to Revers, the North American energy market is experiencing a “once-in-a-generation transformation” that is bringing unprecedented change across the entire energy complex. He said he believe that the insights, networks and resources his company has developed over the past 15 years across diverse market cycles will help the newly introduced ArcLight Fund VI take advantage of today's complex business environment.
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