LS Power closes $6 billion Fund VI amid oversubscribed raise
CEG•LS Power closed its sixth equity fund with about $6 billion in commitments, exceeding its $4 billion target and reaching its hard cap in July. About $1.7 billion is tied to pending Constellation Energy gas-plant acquisitions for a 5-GW platform.
1. Fund closes above target
LS Power closed LS Power Equity Partners VI with about $6 billion in commitments. Launched in January 2026, the fund exceeded its $4 billion target and reached its hard cap in July. Its investments target renewables, generation, storage, distributed energy resources and energy infrastructure across North America.
2. Planned investments
About $1.7 billion in deployment is tied to pending Constellation Energy gas-plant acquisitions for a 5-GW platform. LS Power’s prior fund, Fund V, raised $2.7 billion in 2024 and is now fully deployed.
