PRINT THIS PAGE United States Power Fund closes with $250m18/02/2004. Source: AltAssets. 
 Energy Investors Funds Group (EIF) has closed the United States Power Fund with $250m of commitments. The fund will invest in electric power generation facilities, project development companies, privatised utility assets and environmental and clean energy projects in the US. EIF expects the fund to be fully invested by the end of the year.
The new fund brings EIF's total capital under management to over $1bn in five different funds. The firm has also recently completed the acquisition of 100 per cent of the interests in EIF from Dresdner Kleinwort Holding. The move is in keeping with Dresdner Bank's ongoing reorientation to focus on its core strategic businesses.
'In 2004 we look forward to continuing to serve all of our investors in the five private equity funds that we manage,' said John Buehler, managing partner of EIF. 'In addition we intend to solidify our franchise as a leading and independently owned provider of private equity capital for the US electricity market, and we will work to develop the substantial growth opportunities available to us. We will continue to broaden our investor and marketing base, our private equity management infrastructure and EIF's sector-focused investment expertise.'
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