EIG Global Energy Partners has launched its next energy infrastructure fund, EIG Energy Fund XVII, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
EIG Energy Fund XVII 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 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. Since inception, EIG has invested more than $23.8 billion in more than 315 portfolio investments in 36 countries.
