ECP related stories
All articles and analysis
Texas Teachers Pledged $1.1B In Fourth QuarterThe giant Texas Teachers’ Retirement System committed more than $1.1 billion to private equity across seven investments in the fourth quarter, with some pledges going to long-time partners and some to new relationships.
- Friday Letter PEI 300: chronicling the industry’s evolution
PEI’s proprietary ranking of the world’s largest private equity firms highlights a number of firms and niche strategies that continue to win investor interest despite a general slowdown in fundraising post-financial crisis.
- Sungevity Inks $125 Million Funding
Global residential solar business Sungevity has completed a series of venture capital and project financings, securing up to $125 million to support the company's growth initiatives. The funding includes $40 million raised in 2012 led by Oakland-based impact investment fund, Brightpath Capital Partners, and home improvement retailer, Lowe's. New equity investors Vision Ridge Partners, Craton Equity Partners and Eastern Sun Capital Partners also participated. The funding also includes a combined $85 million in new project financing commitments.
- Atlantic-Pacific hires veteran fundraiser as CEO
Former Credit Suisse Asset Management executive Mark Bourgeois will replace Atlantic-Pacific Capital’s founder, James Manley, as CEO. Manley (pictured) will remain chairman.
- Energy Capital venture in pipeline deal
Summit Midstream Partners will invest $207m in Colorado- and Utah-based ETC Canyon Pipeline. Summit invested $590m for natural gas assets in the same basin last October.
- Energy Capital closes $2.25bn debut fund
The Short Hills, New Jersey-based private equity firm run by three ex-Goldman pros has already made its first investment – last month’s $1.34bn power generation deal.
- ARCIS buys private equity portfolio from from French utility EDF
ARCIS Group has bought a private equity portfolio of a French energy company, underlining recent interest in the utilities sector.
- Energy Capital Partners Buys EnergySolutions
Nuclear waste management company EnergySolutions Inc will be bought by a unit of private equity firm Energy Capital Partners II LLC for $338.5 million in cash, Reuters wrote. The deal has an enterprise value of $1.1 billion, the companies said in a statement.
- Carlyle injects mezzanine debt into energy deal
The Carlyle Group has expanded its energy mezzanine business, agreeing to finance the construction of a biomass power project in Connecticut.