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EIG wraps up private debt fund at $2 bln

Washington, D.C.-based EIG Global Energy Partners, a private equity firm that invests in energy and energy infrastructure, has closed its inaugural global private debt fund at $2 billion.

The Global Private Debt Fund, also known as GPF IV, focuses on energy and infrastructure credit and direct lending.

According to EIG, more than half of the fund’s limited partners (68 percent) live outside of the U.S.

So far, GPF IV has made five undisclosed investments.

Credit Suisse was GPF IV’s placement agent while Debevoise & Plimpton LLP provided legal counsel.

GPF IV launched in February 2015.

As of March 31, 2017, EIG is managing $15.1 billion.

Buckets full of American money on a white background. Photo courtesy of ZargonDesign/iStock/Getty Images