EIG Global Energy Partners raises $1.1bn

• Fund name: EIG Global Project Fund V
• Amount raised: $1.1 billion
• Target size: $750 million
• Stage of fundraising: Final close
• Final close date: May 2020
• Predecessor Fund: EIG Global Project Fund IV

EIG Global Energy Partners (EIG) held a final close on their EIG Global Project Fund V at $1.1 billion, well above its $750 million target. The fund will follow a direct lending strategy with a focus on midstream energy, power generation, renewable energy and other related infrastructure investments on a global level. The firm hopes to find new opportunities in green energy production.