EIG Global Energy Partners recently announced the successful final close of its Global Project Fund V, (GPF V), with total commitments of $1.1 billion—nearly 50% higher than EIG’s $750 million target. EIG also raised an additional $1.5 billion of commitments in the form of separately managed accounts that will invest alongside GPF V.
GPF V is a continuation of EIG’s platform for energy and infrastructure direct lending. It invests across the full energy spectrum: upstream, midstream, power, renewable energy and related infrastructure on a global basis.
“We invest across these sectors with, on average, about one third allocation in upstream, one third midstream and one-third in the others—including power, renewables and infrastructure--but we have a lot of flexibility,” said Rob Johnson, managing director at EIG and its global head of direct lending.