After raising $147.5 million from several Australian institutions last October, US power plant investor, Energy Investors Funds (EIF), is likely to return to Australia this year to help fill a new fund.
Likely to be first tapped on the shoulder by the infrastructure manager are those who contributed to EIF’s US Power Fund II – Access Economics clients MTAA Super, Westscheme and SA’s Statewide Super, as well as Challenger’s life insurance statutory fund and Military Super. The new fund will again concentrate on US power plants and seek to raise $US1-1.25 billion, according to EIF managing partner John Buehler, making it roughly 50 per cent larger than its predecessor. The new fund will be a ten year closed-end vehicle, and target annualised gross returns over 20 per cent, most of it in income form. The local placement agent for EIF is Principle Advisory Services, which is currently looking to employ a new business development manager.
The past two years have been a challenging time for private equity investors thanks to low deal activities, falling distributions and tough exit environment. At FIS Singapore, a panel of investors examine how secondaries can help alleviate the asset class stress in portfolios.
Darcy SongApril 29, 2025
