EIG to make rapid return to market with $4.25bn energy fundraise


EIG Global Energy Partners is reportedly looking to raise $4.25bn for its latest energy fund – just one year after closing a similarly-sized vehicle.

The US firm, which spun out of asset manager and Carlyle buyout target TCW in January 2011, will begin marketing EIG Energy Fund XVI in February, according to Bloomberg.

The fund will focus on mezzanine and private equity investments in energy, infrastructure and natural resources businesses globally, the report said.

Fund XIV, which closed on $2.6bn in 2008, was generating a multiple of slightly more than 1.4-times cost as of September 30, the report added.

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