ArcLight Capital Partners has completed the final closing of its ArcLight 3C SPV, a continuation fund with $407 million in capital commitments. A fundraising target was not disclosed.
The investor base consists of sophisticated global asset management, insurance and pension plan institutions.
ArcLight 3C SPV held its initial closing in July 2022 and acquired the remaining 25.1 percent interest in Third Coast Super, a privately owned U.S. Gulf Coast and Gulf of Mexico midstream infrastructure platform, from an affiliate of ArcLight Energy Partners Fund V. The vehicle held additional closings through December 2022, bolstering available committed capital for follow-on growth opportunities in the portfolio.
ArcLight 3C SPV was supported by new limited partners and existing Fund V investors, offering them the opportunity to either monetize their remaining interest in Third Coast or to continue to participate in the Third Coast business, along with new identified expa