Energy Investors Raises $1.3B Private Equity Power Fund

Jul 10 2007 | 10:14am ET

Energy Investors Funds, a private equity shop focusing on the energy and electric power sector, has closed its seventh institutional fund with $1.35 billion in commitments.

Investors in the United States Power Fund III include Contra Costa County (Calif.) Employees Retirement Association, John Hancock Life Insurance Company, and the University of Toronto Endowment Fund and Pension Plan.

USPF III, like its predecessor funds, will acquire U.S. power and energy generation and transmission assets.

“Our investment philosophy is as relevant today as any time in our history, due to the rising energy costs and increased demand for electricity, which calls for the construction of efficient, low-emission power assets,” said Herb Magid, managing partner.

“We will continue to invest across the spectrum of power assets, including assets that are in the development stage as well as facilities that are under construction or already in operation to create a portfolio of geographically and technologically diversified assets.”

Energy Investors Funds was founded in 1987 and currently manages six private equity funds.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note