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Latham & Watkins Advises EIV Capital on US$702 Million Fund Formation

February 9, 2022
Members of the Investment Funds Practice represented the energy-focused private equity firm on the formation of its fourth flagship fund.

EIV Capital, LLC (EIV Capital or EIV), an energy-focused private equity firm, has announced the final closing of its fourth flagship fund, EIV Capital Fund IV, LP, along with its co-invest vehicle, EIV Capital IV Top-up Fund, LP and affiliates (together Fund IV), raising in the aggregate approximately US$702 million, surpassing its original US$625 million target. Fund IV will continue to pursue an investment strategy similar to prior funds by making growth equity investments primarily in energy infrastructure and niche renewable energy sectors and opportunistically in other parts of the energy value chain. With more than US$900 million of capital available to deploy into new investments, EIV Capital is excited about the current investing environment and continuing to partner with companies and executives to build businesses that create value for their founders, customers, employees, EIV's underlying investors, and other stakeholders.

Latham & Watkins LLP advised EIV Capital in the fund formation and fundraising process with an investment funds team led by Washington, D.C. partner Amy Rigdon, with Washington, D.C. associate Mario Richards and New York associate Trevor Kim. Washington, D.C. partner Cheryl Coe advised on tax related matters.