New York – May 10, 2011 – Debevoise & Plimpton LLP is advising EIG Global Energy Partners on the raising of its most recent flagship investment fund, Energy Fund XV. Energy Fund XV held its final closing with investors in April 2011 with just over $4 billion in capital commitments, exceeding both its initial $2.5 billion target and a previously-agreed $3.5 billion cap. The fundraising spanned the amicable spin-out of EIG from Trust Company of the West, effective as of January 1st of this year. The fund is the largest in EIG’s history, and closed several months prior to the end of its prescribed marketing period.
EIG, headquartered in Washington, D.C., specializes in private investments in energy, energy-related infrastructure projects and companies on a global basis. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner Jennifer J. Burleigh and includes partner David H. Schnabel, and associates Andrew M. Ahern, Suzanne Dissinger, Gary Y. Lee, Benjamin P. Lesnak and Vadim Novik.