# LS Power Group

LS Power Group is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1990
- **Assets under management:** $15B-$20B (Altss estimate)
- **Website:** lspower.com
- **LinkedIn:** https://www.linkedin.com/company/ls-power

## Regulatory record

- **Reports private funds:** No

## About

LS Power Group is a development, investment, and operating firm focused on power and energy infrastructure. Its investments include infrastructure assets in generation, transmission, and energy expansion platforms. The firm develops and operates generation facilities, transmission systems, and energy expansion solutions across various platforms.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Power Generation
- Transmission & Distribution
- Natural Gas
- Renewable Energy
- Energy Storage

## Offices

- Chesterfield, MO
- Sacramento, CA
- Houston, TX

## People

- Michael D. Segal — CEO
- David A. Sloan — President
- Paul M. Yu — Head of Private Equity

## Questions

### Who runs investment decisions at LS Power Group?

CEO Michael D. Segal and President David A. Sloan, both co-founders, oversee all strategic decisions. Head of Private Equity Paul M. Yu leads fund-level investments. The firm does not rely on a single family principal but on a partnership of experienced energy infrastructure operators (per LSPower.com, 2026).

### How does LS Power source proprietary deal flow?

LS Power originates the vast majority of its opportunities through its internal development and regulatory teams. It identifies greenfield power plant and transmission projects, secures permits, and then either builds the assets itself or partners with co-investors. That development pipeline gives it proprietary access not available through auction processes (per the firm, 2026).

### Does LS Power participate in fund commitments or only direct deals?

LS Power primarily executes direct development and acquisition projects. However, it also raises and manages institutional funds through LS Power Equity Partners, which make primarily direct co-investments in power and energy assets. The firm does not act as a fund-of-funds (per the firm, 2026).

### What investment stages does LS Power typically target?

LS Power covers the full life cycle: greenfield development (pre-construction), construction-stage, and operational assets. It holds most assets long-term as an independent power producer while also monetizing certain positions through partial sales or public-market exits. The firm's natural bias is toward control or significant minority stakes in large energy projects (per the firm, 2026).

### Which sectors does LS Power explicitly avoid?

The firm avoids upstream oil-and-gas exploration and production, midstream natural gas liquids infrastructure, and traditional energy commodity trading. Its focus is strictly on power generation (thermal and renewable), transmission, and energy storage — all within regulated and merchant power structures (per the firm, 2026).

### How is LS Power related to its private equity funds?

LS Power Equity Partners is the dedicated private equity investment arm of the group. It raises closed-end funds from institutional investors, and the firm's development, construction, and operations teams execute the projects those funds back. The partnership structure is fully integrated; there is no separation between 'developer' and 'asset manager' (per the firm, 2026).

## Related profiles

- [Upswell Marketing](https://altss.com/profile/upswell-marketing)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ls-power-group

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