Elda River Capital Management

Elda River is the independent firm formed by the former Energy and Infrastructure Group at Magnetar Capital. The partners, including Eric Scheyer and Adam Daley, worked together inside Magnetar for over a decade before establishing the standalone entity. Magnetar founder Alec Litowitz retains a connection as a Senior Advisor.

The firm emphasizes a relationship-based direct-sourcing model, leveraging long-standing industry relationships and its operating-partner network to access proprietary investment opportunities. This approach is designed to bypass competitive auction processes in middle-market energy and infrastructure deals.

Elda River invests across the entire capital structure, deploying both equity and structured capital. The firm targets asset-level and platform investments in North American energy, power and renewables, and energy efficiency.

The firm's disclosed investor base consists of institutional allocators, including pension funds, insurance companies, and endowments. The firm's website states these are the primary constituencies for its committed capital.

Elda River targets equity investments across development, growth, and operating energy infrastructure assets. While specific check sizes are not published, the cumulative deployment of nearly $7 billion in equity across more than 70 transactions indicates a capacity for large-scale, concentrated bets alongside smaller platform builds.