Canada's energy-focused private equity manager, ARC Financial Corp., has closed ARC Energy Fund 8 with $1.5 billion of institutional capital. The fund was oversubscribed with the majority of the capital coming from investors in ARC's earlier funds.
ARC's investment strategy remains consistent with prior funds with a focus on Canadian growth exploration and production and oilfield service companies. Founded in 1989, and focusing exclusively on private equity investing in energy since 1997, ARC has raised more than $5 billion across its eight energy funds.
The new fund will enable ARC to maintain its approach of developing investment opportunities through ARC’s extensive network in the Canadian energy industry in conjunction with its Executive-in-Residence program. ARC will continue to focus on investments of $50 million to $200 million.