EIG Global Energy Partners (EIG) has reached the final close of EIG Global Project Fund V (GPF V) with total commitments of US$1.1 billion, nearly 50% higher than the Fund’s US$750 million target.

EIG also raised an additional US$1.5 billion of commitments in the form of separately managed accounts that will invest alongside GPF V.  In total, since the first closing of GPF V in July 2019, EIG has raised $2.6 billion of commitments for its direct lending strategy.  

GPF V is a continuation of EIG’s platform for energy and infrastructure direct lending that invests across the full energy, midstream, power, renewable energy, and infrastructure complex on a global basis. More than 70% of the strategy's capital commitments are from investors domiciled outside of the U.S., reflective of the global nature of EIG's business. 

EIG’s placement agent for GPF V was Credit Suisse; Kirkland & Ellis served as legal counsel.