LS Power Group has successfully closed its latest fund, LS Power Equity Partners V, L.P., with total commitments of about $2.7 billion, exceeding its initial $2.5 billion target. This fund will focus on investing in power and energy infrastructure assets, platforms, and companies. LS Power has a robust history of raising significant capital, with $60 billion in debt and equity raised since its establishment. The company has developed and acquired over 47 GW of power generation projects, supporting North American energy infrastructure. Additionally, LS Power Grid has completed 16 transmission projects, with more in development, serving a large population across various regions. The recent investments from Fund V include the acquisition of Algonquin Power & Utilities’ North American renewable energy business, demonstrating a commitment to renewable energy projects. The fund has already allocated a substantial amount towards renewable and gas-fired generation, renewable fuels, and green hydrogen projects, showcasing LS Power's dedication to sustainable energy solutions. LS Power's investor base for Fund V comprises leading institutions like pension funds, insurance companies, and sovereign wealth funds, along with new global investors. The successful fundraising for Fund V, along with the confidence shown by investors, highlights LS Power's strong position in the energy sector and its ability to drive growth and innovation. The company's leadership expressed enthusiasm about utilizing the raised capital to address the increasing electricity demand in the United States and to contribute to the ongoing energy transition.