LS Power Closes $6 Billion Fund VI Amid Strong Investor Demand
LS Power has successfully closed its sixth fund (Fund VI) with total commitments of approximately $6 billion. The fund, launched in January 2026 and oversubscribed by July, exceeded the initial target of $4 billion due to strong investor demand driven by LS Power's proven track record across multiple market cycles. The capital will be deployed into investments within renewables, conventional generation, energy storage, distributed energy resources, and other critical infrastructure sectors. Already, about $1.7 billion has been committed for pending acquisitions forming a 5-gigawatt gas-fired generation platform from Constellation Energy in the Mid-Atlantic (PJM) and Texas (ERCOT) markets. Fund VI attracted commitments from leading global investors including pension funds, sovereign wealth funds, insurance companies, asset managers, foundations, endowments, family offices, and private wealth clients. The firm's previous fund raised $2.7 billion in 2024 and is now fully deployed.
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