ENERGY INVESTORS FUNDS, ON THE HEELS OF CLOSING ITS LARGEST FUND TO DATE, ADDS TWO PROFESSIONALS TO ITS ASSET MANAGEMENT AND INVESTMENT TEAMS

BOSTON, MA (July 23, 2007) Energy Investors Funds (“EIF”), an established private equity fund manager that invests in the U.S. energy and electric power sector, is pleased to announce the addition of two professionals to its growing team.  Warren MacGillivray has joined EIF as Senior Vice President in the Asset Management group of the Boston office and Jason Kahan has joined EIF as Associate in the New York office.

Mr. MacGillivray brings over 20 years of broad energy industry experience to EIF.  He was most recently with GE Energy Financial Services in Stamford, CT, where he served as a Senior Vice President in a variety of commercial roles, including lead underwriter, portfolio manager and technical advisor.  Prior to that, he worked at GE Power Systems progressing through their O&M business, providing start-up, operations and business development leadership.

“We are delighted that Warren has decided to bring his extensive experience and capabilities to EIF,” said Mark Segel, Partner in EIF’s Boston office.  “As our firm’s portfolios of U.S. power and transmission assets continue to grow, along with the size of our funds, the addition of a senior industry professional such as Warren will augment and enhance our existing asset management team.”

The new hires closely follow EIF’s recent successful closing of the firm’s seventh and largest institutional fund to date, the United States Power Fund III, L.P., with $1.35 billion in commitments.

“My affiliation with one of the leading private equity firms in the U.S. power sector is a tremendous opportunity for me to bring my energy experience and asset management skills to bear as we look to invest our newest fund and ensure the greatest possible returns to our investors,” said Mr. MacGillivray.  “I’m looking forward to working with the team and helping to drive the continuing success of EIF for its investors.”

Mr. Kahan comes from Citigroup, where he spent two years as an Analyst in the Investment Banking Power Group.  Previously, he worked for SG Barr Devlin on power & utility M&A transactions and graduated from the University of Pennsylvania in 2004. 

“We are excited to have two seasoned power industry professionals join the firm who can hit the ground running,” said Andrew Schroeder, Senior Partner in EIF’s New York office announcing the addition of Jason Kahan to the team. 

“Over the past two decades, EIF’s cumulative success can be attributed to the tremendous effort and remarkable achievements of our EIF professionals,” added John Buehler, Managing Partner in EIF’s San Francisco office.  “We’re pleased to welcome Warren and Jason to the team.”

About Energy Investors Funds

Energy Investors Funds was founded in 1987 as the first private equity fund manager dedicated exclusively to the independent power and electric utility industry.  Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation.  As investment managers Energy Investors Funds seeks to mitigate commodity risk (fuel and electricity) by focusing primarily on acquiring power assets with long-term off-take contracts.  Energy Investors Funds has mobilized over $3.3 billion in capital, and currently manages six private equity funds from its offices in Boston, New York, and San Francisco.  These funds have made over 90 diversified investments with a combined underlying asset value exceeding $5 billion.  For more information visit www.eif.com.

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