Energy Investors Funds and Midstream Capital Partners have partnered to identify and develop investment opportunities in the energy midstream space in the United States, the firms announced Wednesday. Financial terms were not disclosed. The firms will initially focus on natural gas gathering systems.
Energy Investors Funds (“EIF”) announced today it has formed an exclusive partnership with Midstream Capital Partners, LLC (“MCP”). The primary focus of the partnership will be to identify and develop investment opportunities in the energy midstream space in the United States, with an initial focus on natural gas gathering systems. Financial terms of the partnership were not disclosed.
Midstream Capital Partners was formed by Lou Pai, Richard Kieval and Dale Miller, each of whom has decades of experience in the natural gas infrastructure space. Through the partnership, MCP will work with EIF to identify midstream investments through partnerships, acquisitions and greenfield development.
“We’re excited to announce this partnership with MCP, which we believe has some of the brightest minds in the midstream space,” said Terence Darby, Managing Partner at EIF. “With the shale boom that is currently underway in the United States, we believe there will be numerous opportunities to invest in the physical infrastructure used to transport natural gas.”
“We see this partnership with EIF as a validation of our business model and the high level of opportunity in the midstream space,” said Lou Pai, Managing Partner at Midstream Capital Partners. “We’ve known EIF for many years and believe their investment model and executive team to be one of the best in the industry.”
About Energy Investors Funds
EIF was founded in 1987 as one of the first private equity fund managers dedicated exclusively to the independent power and electric utility industry. Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation. EIF has raised over $5 billion in equity capital and currently manages multiple private equity funds from its offices in Boston, New York, and San Francisco. These funds have made over 100 diversified investments with an underlying asset value greater than $15 billion. EIF-managed funds own approximately 4,000 MW of capacity in facilities that are currently operating or under construction and an additional 6,000 MW in facilities that are in various stages of development. EIF closed on its latest fund, EIF United States Power Fund IV, L.P., in October 2011, with $1.713 billion in capital commitments.