Firm: ArcLight Capital Partners LLC
Fund: Arclight Energy Partners Fund V LP
Target: $2 billion
Amount raised: $1.47 billion
Placement agents: Barclays Capital Inc., Madison Williams and Co. LLC, Merrill Lynch
The Boston energy specialist
Formed in 2001 by co-founders Daniel R. Revers and Robb E. Turner, ArcLight invests broadly in the energy industry, including coal, oil and gas production, midstream, power generation, gas and electric transmission and distribution and related services businesses. Arclight says it manages more than $6.8 billion in its four previous funds.
The firm has drawn nearly 70 percent of investors’ commitments to predecessor
The firm targets companies based in North America, Western Europe, Australia, and New Zealand. It typically invests between $50 million and $150 million in companies valued between $200 million and more than $1 billion.
In June, Arclight won financing commitments for the second phase of its Terra-Gen Power project in Tehachapi, Calif., a planned 1,550 megawatt wind energy facility that the firm is developing in conjunction with
In October, ArcLight formed a joint venture with OGE Energy Corp. of Oklahoma City, called Enogex Holdings, after ArcLight paid OGE $183 million for a 9.9 percent stake in its Enogex unit, a midstream natural gas pipeline business. OG&E is a regulated electric utility serving Oklahoma and western Arkansas.
Barclays Capital Inc., Madison Williams and Co. LLC and Merrill Lynch are helping Arclight market its current fund, according to the regulatory filing.