EAM and its strategic partners are launching a $1 billion fund to invest in energy infrastructure projects. These strategic partners will initially commit $300 million to the fund and then raise an additional $700 million from other institutional investors.
The fund will acquire interests in energy privatization and development projects in Central and South America and the Asia-Pacific Region. In addition to independently sourced transactions, the fund will participate in side-by-side investments with its strategic partners.
EAM's fund combines a powerful group of premiere U.S. energy companies which will be able to provide fully integrated capabilities to compete effectively in global markets.