ArcLight Capital Partners has financially closed its latest fund, ArcLight Energy Partners Fund VI.
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.
‘The North American energy market is experiencing a once-in-a-generation transformation that is bringing unprecedented change across the entire energy complex,’ says Daniel Revers, ArcLight's managing partner and co-founder. ‘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.’
Earlier this month, an ArcLight affiliate business purchased Infigen's U.S. wind business forÂ $272.5 million.