Liberty Mutual Investments (LMI), the investment firm for Liberty Mutual Group, and Elda River Capital Management, a real assets investment firm focused on energy and energy infrastructure, formed a new strategic partnership targeting up to $500 million in credit investments. The partnership builds on a long-standing relationship between the two firms and broadens the suite of senior credit solutions that Elda River can offer to high-quality, middle-market borrowers across core sectors, including energy and infrastructure, power and renewables, and energy efficiency.
“We are proud to partner with LMI to launch this highly flexible credit strategy,” Adam Daley, managing partner and co-founder of Elda River, said. “LMI has been a valued, long-standing partner, and this strategic partnership is an exciting extension of that relationship. We look forward to leveraging both firms’ collective capabilities to capitalize on an exceptional opportunity set in the middle market across our core energy and infrastructure sectors.”
John Kim, head of alternative credit at LMI, said. “We are excited to work alongside Elda River to capitalize on an attractive opportunity set in the energy and infrastructure credit markets. This commitment reinforces the breadth and strength of LMI’s platform in providing a diverse array of credit solutions side-by-side with our strategic partners.”
Charley Poole, head of energy and infrastructure at LMI, said, “We’re seeing robust secular growth across energy supply, electrification, grid stability, re-industrialization and digitalization, creating a clear industry need for tailored credit solutions over the long term. LMI’s flexible approach allows us to move quickly to partner with Elda River, a leader with deep expertise in the space, and support its continued growth.”
