In RMR’s continued series The Money Backers, we give readers a glimpse of who’s who and who owns what in energy’s private equity world. From the largest to the smallest to the newest, we look especially at those firms making hay in the midstream industry to provide the capital infusion required to give growth projects liftoff.

Starwood Energy Investments

Starwood Energy Group specializes in energy infrastructure investments, with a focus on natural gas and renewable power generation, and transmission assets. Through its general opportunity funds Starwood Energy Infrastructure Fund I and II, and other affiliated investment vehicles, Starwood Energy Group manages total equity commitments in excess of $2 billion, and has executed transactions totaling more than $5 billion in enterprise value. The Starwood Energy Group team brings extensive development, construction, operations, acquisition and financing expertise to its investments.

Conn-based Starwood Energy Investments is a newcomer to the midstream space with a portfolio that, until recently, focused exclusively on infrastructure in the energy renewables sphere to include wind, solar and thermal power generation. The firm counts two of the nation’s largest biomass power plants among its investments, along with a smattering of wind farms, transmission lines and solar photovoltaic projects. Then, late last year, Starwood dipped its toes into new waters with the acquisition of a natural gas gathering system servicing the Eagle Ford.

The Lavaca, previously owned by Houston-based Third Coast Midstream, includes more than 260 miles of gas gathering pipes and artificial lift services to local upstream clients. Following the Starwood transaction, Third Coast also divested its natural gas transmission business comprised of seven gas lateral pipelines stretching 550 miles with connections to eight major long-haul pipelines.

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