Energy Capital Partners is seeking to raise $4bn (€3.8bn) for its latest energy infrastructure fund, a potential investor has disclosed in a meeting document.
The Minnesota State Board of Investment (SBI) said in the meeting document that it is considering a $200m commitment to Energy Capital’s ECP V fund.
The fund acquires and develops primarily controlling interests in assets, contracts and businesses in power generation, renewables, energy storage, environmental and sustainability efficiency.
According to Minnesota SBI, Fund V is expected to make between $250m and $750m per equity commitment as it targets up to 15 investments mostly in North America. The fund could evaluate some investments in Europe.
Minnesota SBI disclosed in the meeting document that it also made real estate commitments by approving $100m to AG Asia Realty Fund V and $200m to TA Realty Value-Add Fund XIII.
Angelo Gordon’s Fund V is expected to raise $1.8bn to invest in value-add properties in Asia.
The TA Realty fund is seeking to raise $1.5bn, according to Minnesota. Most of Fund XIII’s capital is expected to be used to acquire industrial and multifamily. The fund is expected to have lesser exposure to the office and grocery-anchored retail sectors.
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