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LS Power closes LS Power Equity Partners II on $3bn23/05/2007. Source: AltAssets. 
 The LS Power Group has closed its new fund, LS Power Equity Partners II, on $3.085bn. The original target of the fund was $2.5bn.
Investors in LS Power Equity Partners II include endowments, foundations, pension plans, corporations and family offices.
Mike Segal, chairman and CEO of LS Power, said, 'We are grateful for the continued confidence and support of our existing investors and we appreciate the opportunity to build long-term relationships with our new partners.'
LS Power raised $1.2bn in 2005 for its first private equity vehicle.
LS Power was founded in 1990. The firm has offices in New York, New Jersey, Missouri, California, Florida and Massachusetts.
Copyright © 2007 AltAssets
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