ArcLight Closes Sixth Fund With $5.6 Billion in Commitments
BOSTON, July 29, 2015 /PRNewswire/ -- ArcLight Capital Partners, LLC, one of the leading firms focused on energy infrastructure investments, announced yesterday the final closing of its latest fund, ArcLight Energy Partners Fund VI, L.P.
The fund closed with $5.575 billion in commitments, exceeding its $4 billion target and initial $5 billion hard cap. ArcLight's previous fund closed in 2011 with $3.3 billion of commitments. ArcLight has now raised over $15 billion globally since the firm was founded in 2001.
"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.
"The North American energy market is experiencing a once in a generation transformation that is bringing unprecedented change across the entire energy complex. We believe the insights, networks, and resources we've developed over the past 15 years across diverse market cycles will help ArcLight Fund VI take advantage of a particularly exciting and complex environment," Mr. Revers added.
ArcLight is led by seven partners, including Mr. Revers, Robb Turner, Ted Burke, Kevin Crosby, Jake Erhard, Mark Tarini, and Carter Ward. Fundraising was managed by the firm's investor relations team of Matt Nelson, Ross Murphy, and Ashley Nahmias.
About ArcLight Capital Partners
ArcLight is one of the leading private equity firms focused on North American energy infrastructure assets. Since its establishment in 2001, ArcLight has invested over $12.8 billion across multiple energy cycles in over 90 midstream, power, and production assets. Headquartered in Boston, Massachusetts with an additional office in Luxembourg, the firm's investment team brings extensive energy expertise, industry relationships, and specialized value creation capabilities to its portfolio. More information about ArcLight, including a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.
SOURCE ArcLight Capital Partners, LLC
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