Energy Capital Closes Maiden Fund

Dec 5 2006 | 11:36am ET

Short Hills, N.J.- and San Diego-based private equity firm Energy Capital Partners has closed its first fund at $2.25 billion, well over its target of $1.5 billion, according to the firm.

Energy Capital Partners I will invest in North American power and energy infrastructure, especially power generation, electric transmission, and gas storage and pipelines. The fund made its first investment, the $1.34 billion acquisition of NE Energy, last month.

An estimated 150 LP investors provided commitments to the fund from public and corporate pension funds, college and university endowments, foundations, banks and insurance companies, portfolio managers, family offices and individuals. Some 25% of the fund’s commitments came from non-US domiciled investors, according to the firm.

Founded in May 2005, ECP is led by a team of six partners – Doug Kimmelman, Scott
Helm, Peter Labbat, Tom Lane, Andrew Singer and Sarah Wright – who worked together
from platforms including Goldman, Sachs & Co., Constellation Energy Commodities
Group, Orion Power and Latham & Watkins LLP.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…