LS Power Equity Partners V

LS Power Equity Partners V, a 2023-vintage buyout fund managed by LS Power Group and domiciled in the U.S., closed in July 2024 with $2.7 billion in commitments—exceeding its $2.5 billion target. The fund invests across North America in power and energy infrastructure, including renewables, conventional generation, transmission, and distributed energy assets, prioritizing complex, high-quality opportunities where LS Power holds operational advantage. To date, Fund V has deployed or committed approximately $1.6 billion into projects spanning renewable and gas-fired generation, renewable fuels, green hydrogen, and has acquired assets like Algonquin Power & Utilities Corp.’s North American renewable portfolio (≈3 GW operating + 8 GW pipeline). LS Power leverages its 35+ years of experience in generation and grid infrastructure to actively manage and optimize its investments.