Energy Investors Funds Returns To Market
Energy Investors Funds, a Boston-based firm focused on the independent power and electric utility sector, has come to market with its fourth vehicle, according to a source familiar with the situation. The fund, called United States Power Fund IV, has a target in excess of $2 billion. In an environment when funds are lowering their targets left and right, even a slight leap in fund size is surprising. Energy Investors Funds’ third effort closed on $1.35 billion in 2007. In the past, EIFs has received commitments from CalPERS, Detriot Fire & Police, Lexington Partners, New Hampshire Retirement System, New York Life Capital Partners, Orange Country Employees Retirements System and University of Toronto Asset Management. The firm has said it prefers to limit its number of investors.
