Energy Capital Partners Raises $4.335 Billion for Fund II
Aug 16, 2010
SHORT HILLS, New Jersey – August 16, 2010 – Energy Capital today announced the final close of Energy Capital Partners II, a private equity fund focused on the acquisition, development and construction of North American energy infrastructure assets. The fund will primarily invest in assets in the fossil and renewable power generation, electric transmission and midstream gas sectors.
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.”
Fund II has made several investments to date, 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.
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.
Kirkland & Ellis served as fund counsel and Park Hill Group acted as placement agent for the fund.
About Energy Capital Partners
Energy Capital Partners is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. ECP is focused on investing in the power generation, electric transmission, midstream gas and renewable energy sectors of North America’s energy infrastructure. The fund’s management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com.
Energy Capital Partners