EIG Forms Independent Asset Management Firm
By Eig Global Energy Partners Llc, PRNEMonday, January 3, 2011
Formerly part of TCW, group that is leading institutional provider of capital to the energy sector completes consensual divestiture into new company
WASHINGTON, January 4, 2011 - EIG Global Energy Partners, LLC (EIG), formerly the Energy &
Infrastructure Group at Trust Company of the West (TCW), today announced its
separation from TCW to become an independent investor to the global energy
sector. EIG commences operations as an independent firm with more than $8.5
billion under management continuing its role as one of the leading specialist
investors in energy and energy-related infrastructure projects and companies
on a global basis.
"EIG is proud to have what we believe to be the longest continuous
track-record of any institutional investor in energy and we're pleased that
we can now continue that record as an independent firm. We pride ourselves on
being a niche investor and our spin-out will enhance our ability to maintain
our singular focus on investing in the sector without the distractions of
being part of a larger financial institution," said CEO R. Blair Thomas. "The
demand for capital in the sector is huge and we believe we are uniquely
positioned to capture the opportunities this demand creates due to our global
platform, track record, and ability to invest in all aspects of the energy
value chain."
EIG specializes in private investments in energy and has 38 investment
professionals solely dedicated to the sector, many with industry or technical
backgrounds. During its 29-year history, EIG has invested over $11 billion in
the sector in 32 countries on 6 continents. EIG's clients include many of the
leading pension plans, insurance companies, endowments, foundations, and
sovereign wealth funds in the US, Asia and Europe.
EIG is headquartered in Washington, DC, with offices in Houston, New
York, London, and Sydney.
For more information, visit www.eigpartners.com or contact Jessica
Emond at +1-202-778-1094.
Jessica Emond, jemond at apcoworldwide.com, +1-202-778-1094
Tags: District of Columbia, Eig Global Energy Partners Llc, January 4, Washington