EIG holds final closing of Energy Fund XVI

EIG Global Energy Partners

EIG Global Energy Partners has reported the successful final close of Energy Fund XVI, the firm's most recent flagship investment fund. Fund XVI is the largest fund in EIG's history, and it includes capital commitments from 150 limited partners from 18 countries. Institutional investors domiciled outside the US represent more than 40% of total capital commitments.

Launched in February with a target of $4.25 billion, Fund XVI had a first closing in May and reached its hard-cap of $6 billion (excluding affiliate investments) in connection with its final closing on Nov. 25.

Fund XVI will continue EIG's business of making hybrid debt and structured equity investments in energy and energy-related infrastructure companies and projects on a global basis. Including the new capital committed to Fund XVI, EIG has $16.1 billion under management, continuing its role as a specialist investor in the energy sector.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...