Panda Energy, a Texas-based energy developer, has held a first close on its Panda Power Generation Infrastructure Fund, according to regulatory filings.
The firm said in two separate filings with the Securities and Exchange Commission that it has raised a total of $178 million in capital commitments for the fund.
Of that, $121 million was raised for Panda Power Generation Infrastructure Fund A, and $57 million was raised for Power Generation Infrastructure Fund B, according to the filings.
Both funds are limited partners of the Panda Power Generation Infrastructure Fund General Partnership, which is targeting $800 million for investment in the power sector.
The fund is being raised by Panda Energy, an energy developer founded in 1982 by oil and gas industry veteran Robert Carter.
Carter still serves as chairman and chief executive officer of the Dallas-based company, which has raise more than $5.9 billion to develop and build more than 9,000 megawatts of generating capacity since 1982, according to a press release.
Panda Energy holds first close on infra fund
The Texas-based energy developer has raised $178m for the Panda Power Generation Infrastructure Fund, which is targeting $800m.
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