Energy Investors Funds (EIF) Group, the San Francisco-based power and electric utility investment specialist, has announced the closing of its fifth fund, called United States Power Fund, on $250 million (€200 million).
The fund closed on December 30, according to a press release.
The power fund will target investments in generation, transmission and energy service businesses.
EIF Group also maintains offices in Boston and New York.
The firm was founded in 1987 by a team that included current managing partner Herbert Magid. Prior to forming EIF Group, Magid managed energy investments for John Hancock Mutual Life Insurance.
The firm’s two other managing partners are John Buehler and Terence Darby.
EIF Group was acquired in 2000 by private equity firm Dresdner Kleinwort Capital.