US-based investment firm EIG Global Energy Partners has held a final close on its latest private debt offering. The Global Private Debt Fund IV raised $2 billion from investors.
The fund specialises in making loans to energy and infrastructure-focused businesses. According to a company announcement, 68 percent of investors in the fund were from outside the US.
The $2 billion raised for the fund makes it one of the largest closes in 2017 to-date. The largest fund close this year was from Alcentra with the UK-based firm closing its European Direct Lending offering on $4.7 billion, according to PDI data. Crescent Capital Group, Hayfin Capital Management and The Carlyle Group have also raised substantial products this year.
A spokesman for EIG did not respond to requests for additional comment by time of publication.