Update On ArcLight Capital’s $2B Raise

by Terrence Murray - August 30, 2011

ArcLight Capital, the Boston energy fund, is nearing the $2 billion target for its fifth fund.

A recent Securities and Exchange Commission (SEC)  filling shows the Boston private equity firm has now raised more than $1.5 billion for its fifth fund.

As we previously reported ArcLight aims to raise $2 billion and Barclays Capital and boutique investment bank Madison Williams & Company are helping the firm get there.

Back in May ArcLight announced it had secured close to $600 million and neared the billion dollar mark in July.

ArcLight invests in both conventional and renewable energy projects. Landmark investments include Terra-Gen Power, the developer of the ambitious 3,000-megawatt Alta Wind Energy Center in Northern California’s Kern County.

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