EIG's energy funds focus on providing hybrid debt and structured equity financing solutions to energy projects and companies on a global basis. The funds target directly negotiated private transactions with mid- and large-cap energy companies and projects with an emphasis on transactions underpinned by hard assets, such as proven oil and gas reserves, pipelines, gathering systems, processing facilities, liquefied natural gas terminals, power plants, alternative energy and similar opportunities. The funds have the ability to invest in U.S. dollars, Euros, Pounds Sterling, Canadian dollars and Australian dollars.
MidOcean Energy LTD
EIG and The Noble Group (“Noble”), have joined together to form a new company, MidOcean Energy, Ltd. (“Harbour”), which focuses on making control and near control investments in upstream and midstream companies, primarily outside of the United States. Harbour operates at the confluence of three major trends in the global energy industry – new sources of supply, changing trade patterns and changes in the commodity trading industry causing traditional financial intermediaries to exit and independent physical energy trading houses to gain in importance. Harbour is entirely managed by EIG but benefits from Noble’s industry leading expertise in energy trading, logistics and risk management.
Since 2001, EIG's credit/direct lending vehicles have targeted higher credit quality project finance instruments. These vehicles provide senior and high yield loans to energy and infrastructure projects and companies on a global basis. EIG believes that an ability to make senior, longer duration investments provides a competitive advantage, given that many energy and infrastructure assets have long useful lives and often are supported by stable, contracted cash flows.