ArcLight Capital Partners (“ArcLight”), a leading value-added infrastructure investor, today announced the successful close of ArcLight Infrastructure Partners Fund VIII (“Fund VIII” or the “Fund”) with $3.9 billion in total commitments. The Fund was oversubscribed, exceeding the target capital commitment of $3.0 billion by 30 percent. Total capital raised by ArcLight over the past 24 months, across all vehicles, surpassed $6 billion, significantly expanding ArcLight’s avenues to work with its partners.
“We are grateful to our partners’ support for what we do. Since the firm’s inception in 2001, ArcLight has maintained a strong and consistent focus on investing in electric power, renewables, strategic gas, and related infrastructure with a highly differentiated, value-added investment approach,” said Dan Revers, Founder and Managing Partner of ArcLight. “As ArcLight celebrates its 25th year of investing, the successful close of Fund VIII underscores our differentiated approach, expanded capabilities and value proposition to its partners.”
“The ability to build, connect and operate critical infrastructure is becoming increasingly important to creating long-term alpha. Over the last five years, ArcLight has significantly reinvested in and expanded the firm’s infrastructure, team and resources to enable its continued evolution of leading with capability, expertise and partnership to create value,” said Angelo Acconcia, President & Partner of ArcLight. “I believe our ability to act with the capabilities of a strategic sets us apart and provides a long-term “right to win” in the areas where we invest and substantial benefits for our valued partners.”
ArcLight has been investing and building electric infrastructure since 2001, and has owned, controlled and operated ~70 GW of power generation assets and 48,000 miles of electric and gas transmission infrastructure, collectively representing over $80 billion of enterprise value.
Partnerships and resources that ArcLight has formed or backed over the last five years include:
Kirkland & Ellis LLP served as legal counsel for the Fund.