EIG Global Energy Partners, an institutional investor in the global energy sector, has launched its next energy infrastructure fund, EIG Energy Fund XVII, according to a filing with the SEC. To date, EIG has raised $672 million for the latest fund. The firm did not comment on its fundraising efforts.
In addition, the firm also raised $629.04 million for a sidecar fund, EIG Energy Fund XVII-B, according to a filing with the SEC.
EIG Energy Fund XVII launched in 2017 and is an energy-focused infrastructure fund. The fund series will continue EIG’s business of making hybrid debt and structured equity investments in energy and energy-related infrastructure companies and projects on a global basis. The firm’s energy funds target directly negotiated private transactions with mid- and large-cap energy companies and projects with an emphasis on transactions underpinned by hard assets, such as proven oil and gas reserves, pipelines, gathering systems, processing facilities, liquefied natural gas terminals, power plants, alternative energy, and similar opportunities.
The fund’s predecessor, EIG Energy Fund XVI, held a $6 billion final close in 2013, exceeding its $4.25 billion fundraising target. At the time of the close, the fund was the largest fund in EIG’s history and included capital commitments from 150 limited partners from 18 countries.
EIG provides financing solutions across the balance sheet for companies and projects in the oil & gas, midstream, infrastructure, power and renewables sectors globally.
