Publications

Fundraising - FEBRUARY 10, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Harbert raises $247m for fifth energy fund

by Andrea Waitrovich

Harbert Management Corp. has raised $246.7 million for its fifth fund, Harbert Power Fund V, according to a filing with the SEC.

HPF V has a $500 million fundraising goal. The California Public Employees’ Retirement System invested $100 million in October 2013 as part of its infrastructure plan. The fund was formed to invest in independent (non-utility) power generation and related power assets in North America.

The firm held a second closing in August 2013 with more than $200 million. A final close was anticipated in 2013; however, the firm didn’t make an official announcement and the filing did not disclose the date of a final close.

The firm is also raising equity for its fund Gulf Pacific Power, which has a similar strategy

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy