Energy Capital Partners Closes Fund V with $4.4 Billion in Capital Commitments

Energy Capital Partners, a prominent investor in energy transition, electrification, and decarbonization infrastructure assets, has successfully concluded the final closing of its fifth flagship equity strategy, ECP V, with total capital commitments amounting to $4.4 billion. Surpassing its initial $4.0 billion target for Fund V by 10 percent, the company also raised an additional $2.3 billion of co-investment capital, underscoring robust and sustained backing for ECP's flagship equity strategy.

Fund V will perpetuate ECP’s established investment approach of reinvigorating promising and expanding companies in power generation, renewable and storage assets, and vital sustainability and decarbonization infrastructure. Recently, ECP announced the $2.6 billion take-private of Atlantica Sustainable Infrastructure plc, marking Fund V's eighth investment in two years, totaling around $2.2 billion of committed capital. Additionally, Fund V executed the take-private of Biffa, a leading UK-based waste management business, and invested in Harvestone, a biofuels platform with one of the first carbon capture projects to commence operations since the passage of the Inflation Reduction Act. ECP's track record in the power sector includes the notable take-private of Calpine Corporation in 2018, a major natural gas and renewable energy producer in the U.S.

The commitments for Fund V encompass a diverse mix of existing and new investors globally, including public and private pensions, insurance companies, asset managers, and family offices. The firm's team, comprised of 90 individuals, has executed more than 100 equity and over 20 credit transactions since its inception. Read the full press release here.