Exclusive: Boston Infrastructure Investor Raises $600M For New Energy Fund

by Terrence Murray - May 10, 2011

ArcLight Capital Partners, has raised a little more than $596 million for its fifth fund, the ArcLight Energy Partners Fund V. A Securities and Exchange Commission document shows the firm is aiming to raise $2 billion. Barclays Capital and boutique investment bank Madison Williams & Company are both helping ArcLight raise the money.

ArcLight, which currently manages $6.8 billion in investment capital, oversees a diverse portfolio that included wind and solar power generation projects as well as natural gas-fired electricity plants, natural gas pipeline companies and oil and gas producers. ArcLight is a backer of Terra-Gen Power, the developer of the ambitious 3,000-megawatt Alta Wind Energy Center in Northern California’s Kern County.

Last summer Terra-Gen closed a $1.2 billion debt financing, arranged by Citi, Barclays Capital and Credit Suisse, supporting the construction of an initial four projects with 570-megawatt of operating capacity. Nearly a year ago ArcLight sold its US Solar Ventures portfolio company and its 450-megawatt project pipeline to NRG Energy.

ArcLight officials and executives at Barclays and Madison Williams either declined comment or weren’t able to return calls or emails.

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