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ArcLight Closes Fund VI; $5.575 Billion in Commitments

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ArcLight Closes Fund VI; $5.575 Billion in Commitments

ArcLight Capital Partners, LLC announced the final closing of its latest fund, ArcLight Energy Partners Fund VI, L.P.

The fund closed with $5.575 billion in commitments, exceeding its $4 billion target and initial $5 billion hard cap. ArcLight's previous fund closed in 2011 with $3.3 billion of commitments. ArcLight has now raised over $15 billion globally since the firm was founded in 2001.

Daniel Revers, ArcLight's managing partner and co-founder, said: "We are grateful for the support we've received from both our existing and new limited partners who share our view that today's energy landscape presents a highly attractive opportunity.

"The North American energy market is experiencing a once in a generation transformation that is bringing unprecedented change across the entire energy…

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