Energy Capital Partners (“ECP”), a leading investment firm across energy transition infrastructure and part of Bridgepoint Group (BPT.L), announced the successful fundraising of its sixth flagship equity strategy, ECP VI (“Fund VI”). The fund raised $8.1 billion in total capital commitments, reaching a hard cap that was increased during the fundraise to accommodate strong investor demand and significantly exceeding its initial $5 billion target. ECP has now raised over $41 billion in capital commitments since its inception in 2005, reflecting the continued confidence of its investors in the firm’s strategic focus and operational execution.
Fund VI will continue ECP’s investment strategy of building and leading businesses across power generation, renewables and storage, and sustainable infrastructure. The structural forces reshaping the US and global power markets – including accelerating electricity load growth driven by data centers and AI, increasing grid complexity, industrial onshoring, and broadening electrification – create a durable and large-scale investment opportunity requiring disciplined capital. These dynamics are further supported by a global macroeconomic environment in which governments and companies are accelerating commitments to energy security, grid resilience and the energy transition, creating a broadening opportunity set across geographies and asset classes on which ECP is strongly positioned to capitalize.
Fund VI builds on the continued success of its predecessor, ECP V, which closed only two years ago in May 2024 with total capital commitments of $4.4 billion. Fund VI is already actively deploying capital, including recent agreements to acquire DCC, a global leader in multi-energy sales and distribution, and EnergySolutions, a leading provider of integrated solutions across the full nuclear power lifecycle, as well as in the acquisition of Grain LNG, Europe’s largest liquefied natural gas terminal. ECP’s ability to deploy capital effectively is matched by a demonstrated record of realizations to leading strategic and financial buyers. Recent milestones include the sale of Calpine to Constellation Energy, alongside the sales of Cornerstone Generation, Symmetry Energy Solutions and Liberty Tire Recycling.
“We are at an extraordinary moment for the energy sector,” said Doug Kimmelman, Founder and Executive Chairman of ECP. “Power demand is growing at a pace not seen in decades, driven by the AI infrastructure buildout, industrial onshoring and the accelerating shift to electrification, and the infrastructure required to meet that demand is not yet in place. The transformation of the US and global energy systems is a structural, multi-decade shift, and it will require enormous amounts of capital deployed by teams with the operational depth to create real value. ECP has spent two decades building exactly that, with the expertise, the relationships and the track record to invest at the center of this sector’s evolution.”
“Fund VI provides us with the capital to invest at the scale the current opportunity set demands,” said Tyler Reeder, President and Chief Investment Officer of ECP. “We are already deploying Fund VI, and we are energized by the breadth of the opportunity ahead of us and confident in our ability to act on it. Our edge has never been simply owning assets. It is the operational depth to build, scale and improve the businesses we back. Every investment ECP VI makes will be driven by our commitment to hands-on value creation.”
Commitments to Fund VI were secured from a broad and diverse global investor base, many of whom have invested in prior ECP funds. Investors include sovereign wealth funds, public and private pensions, insurance companies, asset managers and family offices.
“The strength of the investor base behind Fund VI reflects the relationships and trust we have built over many years,” said Emily Zovko, Senior Managing Director at ECP. “Many of the commitments to Fund VI come from limited partners who have invested with ECP across multiple funds, and we were equally encouraged to welcome institutions joining us for the first time. That balance of deep, repeat relationships and new investors means a great deal to us, and we are focused on delivering the long-term results they expect.”
Kirkland & Ellis acted as fund formation counsel to ECP.
About Energy Capital Partners
Energy Capital Partners (ECP), founded in 2005 and based in Summit, New Jersey, is a leading investment platform focused on the energy transition, with an emphasis on electricity generation and sustainable infrastructure that delivers reliable, affordable and secure energy. ECP combines deep domain expertise with a value-added, operationally focused investment approach. Since inception, ECP has secured more than $41 billion in capital commitments from institutional investors globally.
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