Consistent, Proven Investment Strategy

Energy Investors Funds is a global investor with a primary focus in the United States and an upper quartile 23-year investment record. EIF’s 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. As an investment manager, EIF seeks to mitigate commodity risk (fuel and electricity) by focusing primarily on acquiring power assets with long-term off-take contracts.

Geographic and Industry Focus

EIF evaluates investment opportunities in most segments of the U.S. power and electric utility sectors. This includes electric generation, transmission, and energy services assets, energy and utility company ownership interests, and utility service deployment investments.


Market Development and Deal Sourcing

As a result of its longevity as a private equity fund manager targeting the U.S. power market and its strong relationships with major industry participants, including developers, lenders, investment bankers, lawyers, consultants, and engineering firms, EIF’s investment team typically reviews most, if not all, major electricity and power sector finance opportunities introduced into the U.S. market. EIF also enjoys proprietary relationships with deal sponsors and has a superior record of negotiating deals directly rather than via an auction or as a non-lead investor.

Moreover, EIF’s investment strategy of securing stable cash flows, its longstanding reputation in the industry, and its relationships with lenders have contributed to the Firm’s superior track record of efficiently borrowing capital on favorable terms even in difficult economic environments. (EIF’s transactions have raised more than $3.5 billion in non-recourse financings from October 2007 through July 2009.)


Value Added: Key Governance Provisions and Active Asset Management

In each investment, EIF seeks key governance provisions that allow for board representation, General Partner, or other controlling ownership positions, active management roles, and voting rights with regard to all issues that are critical to an asset’s performance and value. EIF targets assets and projects in which it can assume a major investment position and add value by improving project structure, operations, performance, and returns. Following an investment, EIF, led by the Managing Partners and the Asset Management team, actively monitors the financial and operating performance of each investment. The Firm adheres to a philosophy of hands-on financial, operational, and strategic management for portfolio optimization to maximize returns to its investors.


Tailored Investment Strategies

EIF develops tailored investment strategies for each of its funds. Primary strategies include:

  • Unlocking value embedded in undervalued utility and generation assets
  • Owning a significant equity position in projects and generation companies
  • Diversifying through allocation of investment capital by geography, location, technology, fuel type (we invest in all fuels except nuclear), stage of investment, and type of investment
  • Serving as a capital market and financial structuring advisor and resource to lenders, investors, and other financing sources

Co-Investment Opportunities

EIF can and has pursued investments that require more equity than its funds can provide. This can be due to the size of the investment opportunity, portfolio diversification considerations, or project-specific needs. For investments requiring large amounts of equity capital, EIF will present co-investment opportunities to its Limited Partners. Since 2002, EIF has provided approximately $450 million in co-investments.


EIF Management, LLC


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