Kirkland Aids Energy Capital In $805M Mezzanine Fund

Law360, New York (February 21, 2013, 5:07 PM EST) -- Energy Capital Partners LP has closed an $805 million mezzanine fund, the New Jersey-based private equity firm said Thursday, branching out into a new strategy after raising multibillion-dollar buyout funds in 2010 and 2006.

Energy Capital Partners Mezzanine Opportunities Fund LP closed well above its $500 million target and has already made two investments, the firm said. It made a senior secured loan in August to Chieftain Sand and Proppant LLC, a producer of special sand for hydraulic fracturing, and another to Sungevity Inc, a California-based...
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