Energy Capital Partners closed its latest flagship buyout fund ECP V at a total of $6.7 billion in commitments and co-investment opportunities.
The fund raised $4.4 billion in capital commitments, above its fundraising target of $4 billion, and ECP also raised an additional $2.3 billion of co-investment opportunities, according to a May 28 news release.
ECP V invests in large and growing energy companies in power generation and renewable and storage assets, as well as decarbonization infrastructure. The previous fund, Energy Capital Partners IV, closed in 2020 after raising $3.5 billion for co-investment opportunities and had another $3.3 billion in capital commitments.
Investors in ECP V include the $187.1 billion Texas Teacher Retirement System, Austin, and the $26.3 billion Louisiana Teachers’ Retirement System, Baton Rouge.
