Energy Spectrum Capital, of Dallas, announced Dec. 17 the final closing of Energy Spectrum Partners VII LP, with total capital commitments of $1.225 billion.

The commitments for Fund VII have been provided by 93 limited partners, which are relatively diverse, ranging from private and public pension funds to college endowments, foundations and family offices.

Like its six predecessor funds, Energy Spectrum Partners VII focuses its investment activities primarily on midstream assets within the energy industry, such as oil and natural gas gathering and transportation systems, processing and treating plants, and storage facilities.

As one of the few midstream-focused energy private equity fund managers, Energy Spectrum Capital expects that its extensive relationships and reputation will generate attractive deal flow from high quality, growth-oriented midstream management groups.

Since it was founded in 1996, Energy Spectrum Capital has raised more than $3.5 billion of equity capital. The firm has sponsored more than 46 portfolio companies to date.