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Ropes & Gray Advises ArcLight on First Continuation Fund

Practices: Asset Management, Private Funds, Sponsor Representation, Secondary Transactions

ArcLight Capital Partners (ArcLight) announced on July 8 the successful closing of ArcLight Renewable Infrastructure Fund SM SPV, L.P., ArcLight's first continuation fund. ArcLight also announced the Fund's contemporaneous acquisition of a 25% interest in the 192MW Sidney Murray Hydroelectric Project from ArcLight Energy Partners Fund V, L.P. Ropes & Gray served as counsel to ArcLight. 

The Fund is anchored by affiliates of GCM Grosvenor and HarbourVest and includes continued investment from certain existing Fund V limited partners. 

Ropes & Gray asset management partner Katie Waite led the team advising ArcLight, which included asset management partner & private funds practice co-head Peter Laybourn, asset management associates Lauren Stewart, Yoni Levy, Lindsay Pierce and Josh Carroll, and tax associate Joon Hah.

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