EIV Capital LLC stated Thursday it had accomplished a capital elevate to launch two oil and fuel funding funds, attracting a complete of round $1.1 billion.
One of many new funds, EIV Capital Fund V LP, “will proceed EIV Capital’s established technique of constructing fairness investments primarily in power infrastructure companies, together with the gathering, processing, transportation, storage and advertising and marketing of oil, pure fuel and refined merchandise”, the personal fairness agency stated in a press launch.
“Fund V focuses on value-add initiatives for our midstream prospects whereas addressing a rising want for last-mile options for pure fuel and energy as reindustrialization and information middle necessities proceed to speed up”, stated EIV Capital managing companion David Finan. Finan and Patti Melcher, additionally a managing companion at EIV Capital, will lead Fund V.
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The opposite fund, EIV Assets II LP, will give attention to buying non-operating stakes in wells within the contiguous United States, EIV Capital stated.
“We make investments behind confirmed operators in each producing and undeveloped oil and fuel belongings”, stated Claire Harvey, companion at EIV Capital who will lead Assets II.
The 2 funds “deliver complete dedicated capital underneath administration to roughly $3 billion”, Houston, Texas-based EIV Capital stated.
“Each funds obtained robust commitments from a various base of institutional traders, together with pension funds, insurance coverage corporations, endowments, foundations, household workplaces, and asset managers”, it stated.
In power infrastructure, EIV Capital’s present portfolio, in accordance with its web site, contains Bayou Midstream II, launched 2024 to amass, develop and function midstream amenities throughout the continental U.S.
EIV Capital additionally owns full-service midstream gamers Canes Midstream and Depth Infrastructure Companions, fashioned 2019 and 2023 respectively.
Fullstream Vitality, launched 2016, owns and operates a pure fuel pipeline and compressor station in Harrison County, West Virginia.
One other EIV Capital midstream firm, Penrose Midstream Companions, was launched 2022.
EIV Capital additionally owns Vivid Vitality (d.b.a. Enersponse), specializing in automated grid demand response options. Enersponse was launched 2020.
In the meantime EIV Capital’s “power worth chain” portfolio contains EIV Assets, launched 2021. “EIV Assets offers custom-made capital options to grease and fuel producers and invests in passive oil and fuel pursuits throughout the USA together with non-operated working pursuits, producing and non-producing mineral pursuits, royalty pursuits and different comparable investments”, EIV Capital says on its web site.
EIV Capital additionally owns Atlas Strain Management, launched 2019 as a wellhead, frac rental and subject service firm.
The “power worth chain” portfolio additionally contains CAM Built-in Options, an engineering, procurement and development administration firm overlaying upstream, midstream and renewables initiatives.
EIV Capital additionally does enterprise in emissions administration and renewable power by way of seven portfolio corporations.
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