Atlantic-Pacific Capital has announced the final closing of Energy Investors Funds (EIF) US Power Fund IV (the Fund) with over USD1.7 billion of capital commitments.
The Fund received tremendous support from a broad group of leading institutional investors across the US, Canada, Europe, and Asia. Atlantic-Pacific Capital acted as placement agent and advisor.
"EIF’s leading position as a source of private equity capital in the US power sector, its 24 year proven track record, and focused investment strategy on electricity generation and transmission were important differentiating factors. Investors in the Fund appreciated the profile of cash flows that power assets under EIF’s ownership can consistently produce," says Alex Leykikh, Partner at Atlantic-Pacific Capital.
"Leveraging Atlantic-Pacific Capital’s deep market knowledge, efficient execution capability, and bespoke project management support allowed us to effectively articulate our message to a broad platform of Limited Partners to which Atlantic-Pacific introduced us. We expanded our strong base of investors, while maintaining our focus on managing our portfolio of assets and making new investments in the Fund," says John Buehler, EIF Managing Partner. "It was an absolute pleasure to work with Atlantic-Pacific’s enthusiastic and highly capable professionals.”
EIF was founded in 1987 as the first private equity fund manager dedicated exclusively to the independent power and electric utility industry. EIF’s funds have made over 100 diversified investments that have a combined underlying asset value greater than USD15 billion. EIF has over 3,675 megawatts (MW) of capacity in operation and under construction, as well as an additional 2,875 MW under development.
"We congratulate the EIF team on this extraordinary global fundraise in a particularly challenging capital-raising environment. We believe that EIF is well positioned for continued success," says Josh Vogelhut, Partner at Atlantic-Pacific Capital.
