Harbert Power Fund V Targets $500 Mln
Harbert Management Corp. said its most recent fund has so far collected over $200 million. The interim close of Harbert Power Fund V, LLC includes commitments from pension funds, insurance companies, family offices, foundations, and HMC partners. HPF V will invest in independent (non-utility) power generation and related power assets. A final close is expected later this year with a $500 million target. Harbert Management also said that its power investment fund, Gulf Pacific Power LLC, has closed with $600 million in commitments from the California Public Employee Retirement System. CalPERS has also made a commitment to HPF V.
23 August 2013•3 mins read
