LS Power Equity Advisors LLC has closed a private equity fund with more than $2 billion in commitments.

The fund surpassed its initial $1.5 billion target, raising $2.075 billion. The fund, LS Power Equity Partners III LP, launched in July 2013. Investors included U.S. and European public and private pension plans, insurance companies, corporations, not-for-profit organizations, endowments, foundations, family offices and Asian and Middle Eastern sovereign wealth funds.

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