EIG has raised $4 billion across its direct lending platform, exceeding its original $3 billion fundraising target as institutional investors increase allocations to infrastructure credit.
The fundraising includes the final close of EIG Senior Infrastructure Debt Fund VI at $1.9 billion, nearly twice the size of its predecessor, along with $2.1 billion committed to single-investor vehicles.
Since launching in July 2024, SIDF VI has already committed approximately $1 billion across 16 investments.
The fund focuses on directly originated senior secured debt across areas including power generation, renewable energy, energy transition infrastructure, midstream and other critical infrastructure, primarily in the U.S. and Europe.
Investors across the platform include public and corporate pension plans, sovereign wealth funds, insurers, financial institutions, asset managers, endowments and foundations across North America, Europe, Asia-Pacific and the Middle East.
EIG manages $27.1 billion in assets and has committed more than $55 billion to 429 energy-sector projects and companies across 44 countries during its 44-year history.
Kirkland & Ellis served as legal counsel, Campbell Lutyens acted as placement agent and Scotiabank served as structuring agent for the rated note feeder.
KEY QUOTES:
“We believe we are entering one of the most significant energy-related infrastructure investment cycles in decades. The strong support for SIDF VI demonstrates that investors increasingly recognize the critical role that private capital will play in financing the energy, power, and infrastructure systems underpinning modern economies. We are grateful for the trust our investors have placed in EIG and remain committed to being disciplined stewards of their capital,” said R. Blair Thomas, Chief Executive Officer of EIG.
R. Blair Thomas, Chief Executive Officer of EIG
“We are pleased to close SIDF VI with strong support from a global investor base and encouraged by what the platform has already accomplished,” said Andrew Ellenbogen, President of EIG and CEO of EIG Credit Management. “The combination of significant commitments to both the fund and our single investor vehicles, including evergreen structures, highlights investors’ desire for flexible ways to access the strategy. The pace of deployment since launch reflects both the breadth of investment opportunities we are seeing across energy and infrastructure and the strength of EIG’s origination platform, relationships and underwriting discipline.”
Andrew Ellenbogen, President of EIG and CEO of EIG Credit Management
“Energy demand growth, electrification and grid modernization are converging to create a significant need for capital. In our view, this is creating a generational opportunity in infrastructure credit. As financing needs continue to grow and traditional capital providers become more constrained, private credit can play an increasingly important role in funding critical energy and infrastructure assets worldwide,” said Rob Johnson, President and Chief Investment Officer of EIG Credit Management.
Rob Johnson, President and Chief Investment Officer of EIG Credit Management
