TCW Spinoff EIG Global Is Said to Cap Energy Fund at $6 Billion
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EIG Global Energy Partners LLC, the asset manager spun off from TCW Group Inc. in January 2011, set a limit of $6 billion on its latest energy offering that would make it one of the biggest private-equity funds focused on the industry, two people with knowledge of the matter said.
The firm, based in Washington, capped the fund last month in response to requests by large investors who didn’t want it to grow beyond that size, said one of the people asking not to be named because the information isn’t public. EIG Energy Fund XVI LP, which is targeting $4.25 billion, closed last week on $4 billion and expects to complete fundraising by the end of the month, the people said.