Five Point Energy has secured $1.4bn (鈧�1.27bn) in capital commitments for its fourth infrastructure fund, surpassing its goal of $1.25bn.
The sustainable infrastructure-focused private equity firm said the Five Point Energy Fund IV fund received support from institutional investors including endowments, public pensions and family offices.
Fund IV continues Five Point鈥檚 approach, using the firm鈥檚 direct management style, careful investment in an overlooked market, and the potential for long-term value growth.
Five Point Energy is known for focusing on creating companies that deal with water management, land management and sustainable infrastructure.
Fund IV is a continuation of Five Point鈥檚 successful strategy, leveraging the firm鈥檚 direct operating model, capital deployment into an undercapitalised market and attractive long-term value generation.
Five Point Energy鈥檚 CEO and managing partner, David Capobianco, said: 鈥淭he demand for energy, land and water resources is accelerating by the day, across all industries 鈥� we sit at the intersection of these macro and infrastructure trends.
鈥淔ive Point is uniquely positioned to address the needs of all stakeholders with innovative midstream and land resourcing solutions to advance their business and environmental objectives. The opportunities before us are vast and compelling.鈥�
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