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Secondaries

ECP closes $834m continuation vehicle for alkylation producer Next Wave

Monday, October 5, 2026 · first reported by PE Hub and 4 others

Energy Capital Partners (Bridgepoint Group) closed $834M continuation vehicle for Next Wave Energy Partners, anchored by GCM Grosvenor, Phoenix Insurance, Ardian, StepStone, and North Hudson Resource Partners; holds alkylation complex in Pasadena, Texas producing 40k barrels/day.

Also named
Next Wave Energy Partners
Fund
ECP Next Wave Continuation Vehicle
Size
$834M
Stage
Final close
Asset class
Secondaries, Private equity
Geography
North America

Advisers Latham & Watkins (fund counsel)

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