PRINT THIS PAGE US LS Power Equity Partners closes $1.2bn fund ahead of original $750m target09/08/2005. Source: AltAssets. 
 The LS Power Group has held a final closing of LS Power Equity Partners on $1.2bn. The fund will invest in the power industry, with a particular focus on acquiring power generation and related assets in the United States. The fund closed well above its original $750m target.
Investors in the new fund include endowments, foundations, pension plans, corporations and family offices.
Mike Segal, chairman and CEO of LS Power, said, 'We are extremely pleased with the outcome of the fundraising effort and we are grateful for the support and confidence of all of our investors. We look forward to working with and creating value for our new partners.'
Jim Bartlett, president of LS Power Equity Advisors, the manager of the fund, added, 'The power sector is complex and capital-intensive. As the marketplace continues to evolve, and business models are further realigned, opportunities will continue to be created for experienced strategic industry players with significant equity capital, like LS Power.'
LS Power focuses exclusively on the power sector. The firm maintains offices in New York, New Jersey, Missouri and Florida.
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