EIV Capital closes $450m Midstream Energy Private Equity Fund

EIV Capital, LLC (“EIV Capital”), an energy-focused private equity firm, announced today the final closing of its third fund, EIV Capital Fund III, LP and its affiliates (“Fund III”), at its hard cap of $450 million, surpassing its original $350 million target. Fund III will continue to pursue the same investment strategy as prior funds by making growth equity investments primarily in the midstream energy sector and opportunistically in other parts of the energy value chain.

EIV Capital launched its institutional fundraise for Fund III in August 2016 and completed fundraising activities in early December 2016, attracting a diverse base of investors that further supports EIV Capital’s focus on growth equity investments in the lower middle market energy sector. EIV Capital will continue to utilize and execute on its successful approach of partnering with entrepreneurial management teams and operating companies in less efficient and undercapitalized markets. Fund III will primarily focus on growth midstream infrastructure projects, including gathering, processing, distribution, storage and marketing of oil, natural gas and refined products. In addition to its midstream focus, Fund III will seek to partner with proven entrepreneurs in related segments of the energy value chain.