EIG Global Energy Partners closed on its $1.1 billion EIG Global Project Fund V, exceeding its $750 million fundraising target, a spokesman said in an email.
EIG also raised an additional $1.5 billion in separately managed accounts that will invest alongside GPF V.
The new fund and separately managed accounts aims to make global investments in energy, midstream, power, renewable energy and infrastructure. The fund is aiming to invest in opportunities in the global transition from traditional hydrocarbon fuels toward more sustainable energy production.
Investors in the fund include the Florida State Board of Administration, Tallahassee, which oversees a total of $201.8 billion, including the $157.7 billion Florida Retirement System.