Elda River Capital Management has launched as an independent real assets-focused investment firm.
Elda River launched with approximately $1.5 billion in assets under management in a spin-out from Magnetar and has offices in Houston; Evanston, Ill.; and London.
Elda River seeks to deploy a flexible investment approach, targeting attractive risk-adjusted returns across multiple industry verticals, including renewables and power, energy and energy infrastructure, energy storage, industrial decarbonization, and digital infrastructure.
Elda River is led by co-managing partners Eric Scheyer and Adam Daley, former partners at Magnetar and co-heads of Magnetar’s energy and infrastructure business. The duo, who joined Magnetar at its inception in 2005, together have led a team that has committed nearly $7 billion to more than 70 private investments focused on energy and energy-transition infrastructure.
As part of the spin-off agreement, all team members and ope