ARC Financial closes eighth energy fund at $1.5 bln in commitments
Canadian energy-focused private equity firm ARC Financial Corp has closed its eighth fund, ARC Energy Fund 8, with a total raise of $1.5 billion. The oversubscribed fund was backed chiefly by limited partners that committed to ARC's previous funds, including ARC Energy Fund 7, which raised $1 billion in 2012. The Calgary-based firm said Fund 8 will continue to target opportunities involving Canadian growth exploration and production and oilfield service companies, and make investments of between $50 million and $200 million. Since its founding in 1989, ARC has raised more than $5 billion in fund capital. In March, Buyouts' Steve Gelsi reported on ARC and its latest fundraising activity.
9 June 2015•2 mins read
