Fundraising - DECEMBER 29, 2014

Manager raises $283m for power and natural resources fund

by Reg Clodfelter

New York City–based Reservoir Capital Group has raised $282.6 million for Reservoir Resource Partners, according to a filing with the SEC.

The fund is seeking a $1.5 billion haul to invest in a diverse mix of existing natural resources and power assets, with a particular focus on out‐of‐favor or distressed assets.

The fund received a $100 million commitment from the Washington State Board of Investment last June.

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