Energy Capital Partners raises $6.7 billion for energy transition infrastructure buyout fund

Energy transition and decarbonization infrastructure investor Energy Capital Partners (ECP) announced that it has raised $6.7 billion at the final close of its fifth flagship capital strategy, ECP V, including $4.4 billion in capital commitments and an additional $2 billion .3 billion dollars – investment capital. The company added that ECP V’s capital commitment exceeded its initial target of $4 billion.

Founded in 2005, ECP invests in infrastructure assets in the field of energy transition, electrification and decarbonization. The company’s flagship private equity funds focus on adding value and control investments primarily in the power generation, renewable energy, storage, environmental infrastructure and sustainability, efficiency and reliability sectors.

According to ECP, the new fund will continue the company’s investment strategy to transform attractive and growing companies in the sectors of power generation, renewable assets and storage, and critical infrastructure related to sustainability and decarbonization.

Doug Kimmelman, founder and senior partner of ECP, said:

“The electricity sector is transforming into a major growth area for both the U.S. and global economies, with forecasts that electricity demand will grow 1.5-2.0 times its current level over the next 15 years. This growth is driven by converging demand from factors such as data centers, electric vehicles, manufacturing relocation and electrification. At this exciting time for our key sectors, we are pleased to have the abundant capital and many years of specialist experience necessary to seize opportunities and create value for our company and investors.

The final closing of ECP V follows ECP’s announcement of a private investment in its diversified Atlantica Sustainable Infrastructure renewables and energy platform with an equity value of $2.6 billion, marking its eighth investment in two years with a total committed capital value of approximately $2.2 billion.

Emily Zovko, director of investor services and managing director at ECP, said:

“The successful final closure of ECP V represents a significant milestone for our company and demonstrates the strong support and trust of our partners around the world. ECP’s focused efforts to build, execute and ultimately drive value from a solid pipeline of investments related to electrification, decarbonization, reliability and sustainability remain at the heart of ECP’s success, as they have been for the past 19 years.