ARC Secures a Billion for Seventh Canadian Energy Fund
July 18, 2012
ARC Financial has closed its ARC Energy Fund 7 on CAD1 billion of committed capital, reaching its hard cap and surpassing the CAD829.5 million secured by the fund's predecessor, ARC Energy Fund 6, which closed in 2008. Atlantic-Pacific Capital served as the exclusive global placement agent and advisor. ARC focuses exclusively on investing in the Canadian upstream oil and gas sector.