Elda River Capital Administration Completes Profitable Spin-Out and Launch of Impartial Actual Property Funding Agency

HOUSTON — Elda River Capital Administration, LLC (“Elda River”) introduced at this time its launch as an impartial actual assets-focused funding agency. Elda River launched with roughly $1.5 billion in property underneath administration in a spin-out from Magnetar and has places of work in Houston, Texas; Evanston, Illinois; and London, United Kingdom.

Elda River is led by co-Managing Companions Eric Scheyer and Adam Daley, former companions at Magnetar and co-heads of Magnetar’s Power & Infrastructure enterprise. Scheyer and Daley joined Magnetar at its inception in 2005 and have collectively led an skilled group that has dedicated practically $7 billion to greater than 70 personal investments targeted on power and power transition infrastructure.

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All group members and working companions of Magnetar’s Power & Infrastructure enterprise shall be becoming a member of Elda River, together with Elda River co-founders and companions Craig Rohr and Michael Dean and longtime senior executives Michael Wilds, Steve Settles and Courtney Kozel.

“After practically twenty years at Magnetar, our group is worked up to launch Elda River and we’re grateful for the robust help of our traders,” mentioned Eric Scheyer, Co-Founder and Managing Companion of Elda River. “Given our group’s expertise and the unprecedented quantity of capital required throughout the worldwide power and power transition sectors, we consider that now could be the perfect time to launch a pure-play funding platform.”

“We’re dedicated to constructing on our long-term observe document of partnering with distinctive administration groups to efficiently navigate market cycles, defend capital and drive engaging outcomes for our traders,” mentioned Adam Daley, Co-Founder and Managing Companion of Elda River. “We’re grateful for Magnetar’s help and partnership over a few years.”

Dave Snyderman, Magnetar’s Managing Companion, added, “We labored carefully with our Power & Infrastructure group to judge and efficiently execute this transaction and consider {that a} absolutely impartial different asset supervisor will allow alternatives to create further worth for all stakeholders.”

“The group led by Eric and Adam has constructed a well-respected franchise by immediately sourcing distinct personal funding alternatives and delivering robust outcomes for traders,” mentioned Alec Litowitz, Founding father of Magnetar and Senior Advisor to Elda River. “Shifting ahead, I consider Elda River, as a standalone agency, is well-positioned to capitalize on a extremely compelling alternative set.”

Elda River seeks to deploy a versatile funding strategy concentrating on engaging risk-adjusted returns throughout a number of business verticals, together with renewables and energy, power and power infrastructure, power storage, industrial decarbonization and digital infrastructure.

Kirkland & Ellis acted as authorized advisor for Elda River.

About Elda River

Elda River is an actual property funding agency targeted on power transition and infrastructure alternatives. Elda River has places of work in Houston, Texas; Evanston, Illinois; and London, United Kingdom.

For extra data, go to www.eldariver.com.