{"id":442,"date":"2013-12-02T14:59:07","date_gmt":"2013-12-02T14:59:07","guid":{"rendered":"https:\/\/dev.pixflex.com\/eig2\/?p=442"},"modified":"2020-08-01T15:00:56","modified_gmt":"2020-08-01T15:00:56","slug":"eig-holds-final-closing-of-energy-fund-xvi-6-billion-raised-in-latest-eig-flagship-energy-fund","status":"publish","type":"post","link":"https:\/\/dev.pixflex.com\/eig2\/eig-holds-final-closing-of-energy-fund-xvi-6-billion-raised-in-latest-eig-flagship-energy-fund\/","title":{"rendered":"EIG Holds Final Closing of Energy Fund XVI: $6 billion raised in latest EIG flagship Energy Fund"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>WASHINGTON, DC, December 2, 2013 \u2014 EIG Global Energy Partners (EIG) today announced the successful final close of Energy Fund XVI (Fund XVI), the firm\u2019s most recent flagship investment fund. Fund XVI is the largest fund in EIG\u2019s history and includes capital commitments from 150 limited partners from 18 countries. Institutional investors domiciled outside the U.S. represent more than 40% of total capital commitments. Launched in February 2013 with a target of $4.25 billion, Fund XVI had a first closing in May 2013 and reached its hard-cap of $6 billion (excluding affiliate investments) in connection with its final closing on November 25, 2013. Fund XVI will continue EIG\u2019s business of making hybrid debt and structured equity investments in energy and energy-related infrastructure companies and projects on a global basis. Including the new capital committed to Fund XVI, EIG has $16.1 billion under management, continuing its role as one of the leading specialist investors in the energy sector.<\/p>\n<p>\u201cWe\u2019re very grateful to have received such strong support from our limited partners and our consultant partners in this fundraising,\u201d said CEO R. Blair Thomas. \u201cWe believe that the strength of the fundamentals in the energy sector, our long track-record, global platform and seasoned team all contributed to the successful fundraising of Fund XVI. We\u2019ve already invested approximately $500 million to complete development of the A\u00e7u Superport project in Brazil, a key piece of energy infrastructure related to the development and commercialization of Brazil\u2019s massive offshore oil reserves, and we have a robust pipeline in most every part of the world in which we operate.\u201d<\/p>\n<p>EIG\u2019s lead placement agent for Fund XVI was Credit Suisse and legal counsel was Debevoise &amp; Plimpton LLP.<\/p>\n<p>About EIG<br \/>\nEIG specializes in private investments in energy and energy-related infrastructure companies and projects on a global basis. During its 31-year history, EIG has invested over $15.7 billion in the sector through more than 290 projects or companies in 34 countries on six continents. EIG\u2019s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C, with offices in Houston, London, Sydney, Rio de Janiero, Hong Kong and Seoul.<\/p>\n<p>For more information, visit\u00a0<a href=\"http:\/\/www.eigpartners.com\/\">www.eigpartners.com<\/a>\u00a0or contact Allison Oyster at APCO Worldwide at 202-478-3808 or\u00a0\u00a0<a href=\"mailto:aoyster@apcoworldwide.com\">aoyster@apcoworldwide.com<\/a>.<\/p>\n<p><strong>Contact<\/strong><br \/>\nAllison Oyster<br \/>\n<a href=\"mailto:aoyster@apcworldwide.com\">aoyster@apcworldwide.com<\/a><br \/>\n202-478-3808<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, DC, December 2, 2013 \u2014 EIG Global Energy Partners (EIG) today announced the successful final close of Energy Fund XVI (Fund XVI), the firm\u2019s most recent flagship investment fund. Fund XVI is the largest fund in EIG\u2019s history and includes capital commitments from 150 limited partners from 18 countries. Institutional investors domiciled outside the U.S. represent more than 40% of total capital commitments.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-442","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EIG Holds Final Closing of Energy Fund XVI: $6 billion raised in latest EIG flagship Energy Fund - EIG Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.pixflex.com\/eig2\/eig-holds-final-closing-of-energy-fund-xvi-6-billion-raised-in-latest-eig-flagship-energy-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIG Holds Final Closing of Energy Fund XVI: $6 billion raised in latest EIG flagship Energy Fund - EIG Partners\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, DC, December 2, 2013 \u2014 EIG Global Energy Partners (EIG) today announced the successful final close of Energy Fund XVI (Fund XVI), the firm\u2019s most recent flagship investment fund. 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