LS Power, a development, investment and operating company focused on the North American power and energy infrastructure sector, has closed its LS Power Equity Partners VI (Fund VI) with approximately $6 billion of total fund commitments.
Fund VI launched in January and was oversubscribed and fully allocated against its hard cap by July, which was well in excess of its initial $4 billion target, according to LS Power. The vehicle attracted commitments from some of the world’s leading pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, family offices and private wealth investors, among others.
LS Power said the fund received strong support from the company’s existing investors and investment consultants and expanded the firm’s global investor base into new markets.
Fund VI will invest in assets, platforms and companies in the renewables, conventional generation, energy storage, distributed energy resources and
