Priority Power’s Post

Veterans of investment firm Magnetar Capital launched Elda River Capital Management, spinning out with about $1.5 billion in energy and infrastructure assets even as large asset managers buy up several other infrastructure specialists. “We think there are significant advantages in being a pure play versus being embedded in a broader organization,” said Eric Scheyer, a managing partner at Houston-based Elda River. He leads the newly formed clean energy-focused private-equity and credit firm alongside Adam Daley, also a managing partner. Scheyer and Daley co-founded Elda River after working together for nearly 20 years at Magnetar, where they led the investment firm’s energy and infrastructure group. About 15 other former members of that team joined them at Elda River, including co-founders Craig Rohr and Michael Dean, both named partners at the new firm, as well as Michael Wilds, Steve Settles and Courtney Kozel, Scheyer said. Elda River is spinning out of $14.8 billion Magnetar as other infrastructure-investment firms increasingly become acquisition targets for large asset managers looking to expand their bets into clean energy. In two recent deals, BlackRock agreed to acquire Global Infrastructure Partners while General Atlantic agreed to buy Actis. But some clean-energy fund managers have also left larger firms to start their own shops. For example, Sandbrook Capital was formed roughly two years ago by five former executives of private-equity firm Riverstone Holdings. The Stamford, Conn.-based firm recently wrapped up its first fund with $1.5 billion, in addition to $600 million in co-investment capital.  Clean-energy specialists focused on midsize deals can appeal to both businesses looking for a private-equity backer and to investors seeking to deploy capital in the industry, according to industry consultants.  “Our view is that the small to midmarket space within infrastructure is the most interesting space to be right now,” said Brent Burnett, head of real assets at Hamilton Lane, a private-markets advisory firm. “We’re seeing some good, newer shops come out of some larger firms.”

Via Utility Dive: " BlackRock to buy Global Infrastructure Partners in $12.5B deal, cites clean energy trends: Through the deal, BlackRock will add GIP companies such as Competitive Power Ventures, Eolian and Terra-Gen Power to its portfolio. " #Energy #Utility #Utilities

BlackRock set to buy Global Infrastructure partners in $12.5B deal expected to close in Q3 of 2024!   💰 📢 A humungous acquisition from one of the largest companies in the world! This deal combine's 'GIP's $100B in assets under management. Bloomberg said it's the largest in over 10 years- it's a bet on the energy infrastructure market....   🌍 A real insight as to just how much demand will be needed in the future to strengthen and grow the utility grid around the world!   🏃♂️ There's no better time to join the electrical industry!! With more pressure to grow due to renewable energy alternatives (solar/wind/BESS), EV charging stations, and a rising population- the market is thriving right now!   ➡ That being said..... If you're looking to join the market at entry-level positions, or have tones of experience already, and are looking for a BETTER OPPORTUNITY, there is so much going on! 🤳 Check out our current job postings on our website.... Get in touch today to see how InfraRec. and I can make your life better!    https://lnkd.in/eZ-FQ44X   https://lnkd.in/ewj37Fm5

BlackRock has achieved the first close of its Evergreen Infrastructure fund, securing nearly $1bn in commitments from European founding partners. Launched in June 2022, Evergreen Infrastructure is an open-ended equity fund focusing on European and North American infrastructure aligned with energy transition and security themes. The Fund has finalised the acquisition documents for Lighthouse Solar Austin, a US C&I solar and battery storage platform. The asset manager said the fund, with cornerstone commitments from European institutional investors like Intesa Sanpaolo and Inarcassa, plans to allocate 50-60% of its total portfolio to Western Europe. According to Anne Valentine Andrews, global head of infrastructure and real estate at BlackRock. “In today’s evolving energy landscape, companies are looking for capital that will partner with them as they adapt their businesses and navigate an accelerating long-term shift towards a lower-carbon economy.” #PEInsights #privateequity #infrastructure #renewableenergy

In today's dynamic business environment, companies like SinglePoint, Inc. (SING) continue to adapt. We are setting a course for near-term profitability. Through strategic acquisitions, operational optimizations, and a focus on financial health, we are navigating the evolving landscape with agility. This approach reflects a broader trend we are adapting to maintain growth and profitability amidst constant changes. Our recent strategic moves, including the full acquisition of Boston Solar, underscore the importance of proactive leadership and strategic foresight in today’s ever-changing business world. https://lnkd.in/d8dwrrVv #solar $SING #renewableenergy #capitalmarkets #energy

Infrastructure Investment Shift: Asset managers are increasingly acquiring infrastructure firms to expand into renewable energy, data centers, and more. Notable deals include BlackRock's $12.5B acquisition of Global Infrastructure Partners and General Atlantic's Actis transaction. The trend capitalizes on rising demand, offers inflation-protected contracts, and supports clean-energy goals. Private asset managers reached $1.33T in infrastructure investments by June 2022, doubling in five years. The industry's expansion aligns with institutional investor interests and growing private-wealth channels. Beyond financial backing, larger firms provide specialized knowledge in emerging technologies, boosting investments in areas like utility-scale batteries and hydrogen-fuel systems. #InfrastructureInvestment #Sustainability #AssetManagement https://lnkd.in/erY5Zs8R

Partners Group has agreed to acquire ROSEN, a global provider of mission-critical inspection services for energy infrastructure assets, from its founder, Hermann Rosen. Mr. Rosen will remain a significant partner alongside Partners Group in supporting the company’s next phase of growth. Charles Miller-Jones, Managing Director, Partners Group, says: “ROSEN represents an opportunity to acquire a vertically integrated technology leader in the specialist sub-sector of asset integrity services that exhibits resilient demand. The Company has strong recurring revenues from a large, diverse, and regulated asset base." Partners Group will work with management to expand ROSEN into future energy sources including new energy transition opportunities such as hydrogen transportation pipes, as well as into adjacent markets, with key initiatives including continued investment in technology, automation, and operational excellence. #PEInsights #privateequity #acquisition #energytransition

Capital security is much more than a #privatecapital marketing slogan and a real advantage in financing the #energytransition. Two recent mega-deals in the sector from Brookfield Asset Management with Microsoft and Global Infrastructure Partners (GIP) and CPP Investments | Investissements RPC's take-private of US utility ALLETE illustrate this clearly. That, in turn, showcases just how much room for growth there is for the #infrastructure asset class. Read my take on Infrastructure Investor 👇 https://lnkd.in/dVe_Yrvw

Capital security and confidence of execution are incredibly important in building trust with stakeholders as infrastructure continues to grow as an asset class and therefore private capital continues to permeate essential services.

While the markets experienced a downturn, there were bright spots that encouraged continued investment and support of the US energy expansion. 🌱 Brookfield Renewable and Brookfield Asset Management stocks demonstrated remarkable resilience, showcasing their strength and stability in a volatile market. Brookfield Renewable reported record financial results, adding nearly 5,000 megawatts of new clean energy capacity and securing contracts for almost 50 terawatt hours of generation. This growth highlights their commitment to sustainable energy and their ability to perform across market cycles. Similarly, Brookfield Asset Management announced strong fourth-quarter results, raising $93 billion in capital and increasing their quarterly dividend by 19%. Their success in capital raising and strategic investments positions them for continued growth and robust fundraising in the coming year. These achievements underscore the importance of investing in transition energy and infrastructure, paving the way for a sustainable and prosperous future. 🌍💡 #investinH2 #hydrogen #renewables RW Energy