Energy Capital Partners (ECP), the private equity firm backed by Bridgepoint Group Plc, has returned over $5.5bn to investors so far in 2025, in one of its most active years since its 2005 founding, according to a report by Bloomberg.
The report cites unnamed people familiar with the firm’s performances revealing that the Summit, New Jersey-based firm, which focuses on energy transition investments, distributed the capital across all funds and co-investments. 2025 has been ECP’s busiest year for exits, with total sales surpassing $30 billion in enterprise value.
Notable transactions include the $26.6bn sale of power company Calpine Corp to Constellation Energy Corp and the $1.5bn sale of Liberty Tire Recycling to I Squared Capital. Other exits included Symmetry Energy Solutions to NextEra Energy Inc. and a portfolio of gas-fired power plants to CPS Energy.
ECP has raised more than $35bn across five funds and is currently raising its sixth fund, Energy Capital Partners VI, with a target of $5bn in commitments, expected to close next year. Its fifth fund, ECP V, closed in 2024 with $4.4bn and has delivered a net internal rate of return exceeding 25%, including investments in Atlantica Sustainable Infrastructure Plc and UK waste-management company Biffa Ltd.
