Archived News Articles from 2003

Management Buy-out Closes

The management of Energy Investors Funds (“EIF” or the “Group”) is pleased to announce that on December 31, 2003, we acquired from Dresdner 100% of the stock of Energy Investors Funds Group. As a result of the Management Buyout (“MBO”), EIF became the sole General Partner (“GP”) of the US Power Fund, Dresdner converted its GP interest into a Special Limited Partner interest in US Power Fund while continuing to be the largest LP in the Fund, and EIF became an autonomous, management-owned private equity fund manager. We thank Dresdner and all our Limited Partners for their support throughout the MBO process.

Under the new management structure, EIF Management, LLC will continue to manage the fund entities of Energy Investors Funds L.P, Energy Investors Funds II, L.P., Project Finance Fund III, L.P. and the Caribbean Basis Power Fund, Ltd. In each instance, the General Partner for each fund will remain the same.

Energy Investors Funds Closes Fifth Fund at $250 Million
United States Power Fund, L. P.

Energy Investors Funds (“EIF” or “the Group”), an established private equity fund manager specializing in the energy and electric power sector, has closed the United States Power Fund, L.P. (“US Power Fund”) with total capital commitments of $250 million. The US Power Fund, which targets investments in generation, transmission, and energy service assets in the U.S., has already committed approximately $168 million (as of 4/30/04). more

2003 Trans-Elect: Path 15 Financing Closed, Construction to Begin
Project Will Benefit Consumers With Greater Reliability, Reduced Congestion Costs

ERESTON, VA -- Trans-Elect's New Transmission Development Company (NTD) said today it has finalized financing for a first-of-its-kind, public-private partnership that will allow construction to expand California's Path 15 to begin immediately. more