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Houston, March 1, 2024–(BUSINESS WIRE)–Elda River Capital Management LLC (“Elda River”) today announced its launch as an independent real asset focused investment firm. Elda River was spun out of Magnetar with approximately $1.5 billion in assets under management and has offices in Houston, Texas. Evanston, Illinois. and London, England.
Elda River is led by co-managing partners Eric Scheyer and Adam Daley, former partners at Magnetar and co-heads of Magnetar’s energy and infrastructure business. Mr. Scheyer and Mr. Daley joined Magnetar when it was founded in 2005 and have jointly led an experienced team that has invested nearly $7 billion in more than 70 private investments focused on energy and energy transition infrastructure.
All team members in Magnetar’s energy and infrastructure business, including Elda River co-founders and partners Craig Rohr and Michael Dean, and long-time senior executives Michael Wilds, Steve Settles, and Courtney Kozel. and operating partners join Elda River.
Eric Scheyer, co-founder and managing partner of Elda River, said, “After nearly 20 years at Magnetar, our team is excited to launch Elda River and we are excited by the strong support of our investors. Thank you for your continued support.” “Given our team’s experience and the unprecedented amount of capital required across the global energy and energy transition sectors, we believe now is the ideal time to launch a pure-play investment platform. Masu.”
Adam Daly, co-founder and managing partner of Elder River, said: “We are building a strong management team to successfully navigate market cycles, protect capital and deliver attractive outcomes for our investors. We are committed to building on our long-term track record of partnership with.” “We are grateful to Magnetar for their support and partnership over the years.”
“We worked closely with our energy and infrastructure team to evaluate and successfully execute this transaction,” said Dave Snyderman, managing partner at Magnetar. We believe this will enable opportunities to create added value for all stakeholders.”
“The team led by Eric and Adam has built a well-regarded franchise by directly sourcing clear private investment opportunities and delivering strong outcomes for our investors,” said Magnetar Founder and Elder River Senior. said advisor Alec Litowitz. “Going forward, I believe that Elder River, as an independent company, is well-positioned to take advantage of very attractive opportunities.”
Elda River develops a flexible investment approach that targets attractive risk-adjusted returns across multiple industries, including renewable energy and power, energy and energy infrastructure, energy storage, industrial decarbonization, and digital infrastructure. We are aiming for
Kirkland & Ellis served as legal advisor to Elder River.
About the Elda River
Elda River is a real estate investment firm focused on energy transition and infrastructure opportunities. Elda River has offices in Houston, Texas. Evanston, Illinois. and London, England.
For more information, please visit www.eldariver.com.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240301798901/ja/
contact address
Investor information contact information
Courtney Kozel
Courtney.Kozel@eldariver.com
media contact
Jessica Resnick Ort
Jessica.Resnick-Ault@edelmansmithfield.com
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