Harbert Generating Commitments for Power-Focused Funds
August 26, 2013
Harbert Management has held an interim close for its Harbert Power Fund V, a vehicle that will target power generation and related power assets. The fund has collected more than $200 million of commitments and is targeting a final close of $500 million. Separately, Harbert has closed an additional power investment fund, Gulf Pacific Power, with $600 million in commitments led by CalPERS. Both funds will focus on contracted power assets in the U.S. and Canada.