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Latham & Watkins Advises Orion Energy Partners on US$1.08 Billion Fund Formation

May 12, 2021
Members of the firm’s Investment Funds Practice represented Orion on Fund III, focused on environmentally innovative infrastructure sectors.

Orion Energy Partners (Orion), a provider of credit and equity capital solutions supporting infrastructure investments in energy transition and environmental innovation, has announced the final close of Orion Energy Credit Opportunities Fund III (Fund III). Through an oversubscribed offering exceeding the initial target of US$900 million, Orion received US$1.08 billion in capital commitments from investors across six continents. Orion’s Fund III will continue to address growing capital dislocation for middle market infrastructure credit with an emphasis on flexible direct lending into private and public companies seeking to scale both traditional and new infrastructure solutions.

Latham & Watkins LLP advised Orion in the fund formation with an Investment Funds team led by Washington, D.C. partner Amy Rigdon, with associates Ali Beidoun and Jason Xi. New York partner Gregory Hannibal advised on tax matters.