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EIG Global Energy Partners closes private debt fund at $2 billion

EIG Global Energy Partners closed Global Private Debt Fund (GPF IV), an energy and infrastructure credit and direct lending fund, at $2 billion, according to a news release.

EIG Global Energy Partners began marketing the fund in February 2015; the fund has made five investments and has exited two investments.

Some 68% of the fund's investors are located outside the U.S. Investors in the fund include the $2.8 billion Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund.

“This successful outcome is notable particularly in light of the 71% decline in the price of oil that occurred in the midst of fundraising,” said R. Blair Thomas, CEO of EIG in the news release.

EIG spokesman Brandon Messina could not be reached by press time.