13 September 2012

Washington-based EIG Global Energy Partners Opens New Office in Hong Kong

Hong Kong – 13 September 2012 – Washington-based EIG Global Energy Partners (EIG), a leading institutional investor to the global energy sector, today announced the opening of its Hong Kong office, its first in Asia and fifth around the globe. 

The new Hong Kong office strategically positions EIG to take advantage of opportunities for investments in energy, resources and related infrastructure fueled by demand growth in Asia. 

Opening an office in Hong Kong will allow us to expand our global platform and cultivate partnerships that have existed for a number of years in Asia,” said EIG Chief Executive Officer, R. Blair Thomas. 

“With the dramatic rise in energy demand from Asia in the last decade, having a presence in the region has become increasingly important for specialist investors in the sector,” said Mr. Thomas. 

Non-OECD countries are projected to account for 90 percent of the growth in global energy demand by 2035. Some estimates place the total investment required to meet this increased global demand at nearly $40 trillion. 

As a part of its Asia expansion strategy, EIG partnered with Korea’s Woori Asset Management and steelmaker POSCO to launch a private equity fund focused on natural resources earlier this year. This past February, EIG also announced a transaction in which it sold a small stake in the company to China Investment Corporation (CIC). 

The new office is located in the International Finance Center (Two IFC), Central District, Hong Kong. Two IFC is a prominent landmark on the Hong Kong waterfront and home to many leading private equity and asset management firms in the region. 

Two investment professionals have relocated to Hong Kong from EIG’s Washington, DC headquarters and the firm will supplement that with a number of local hires. The new office will focus on deal origination and execution for EIG’s business of making private investments in energy, resources and related infrastructure companies and projects on a global basis. 

EIG is a leading institutional investor to the global energy sector with $10.6 billion under management as of June 30, 2012. EIG specializes in private investments in energy, resources and related infrastructure and was formerly the Energy & Infrastructure Group of Trust Company of the West. During its 30-year history, EIG has invested over $14 billion in the sector through more than 280 projects or companies in 33 countries on 6 continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, DC, with offices in Houston, London, Sydney and Hong Kong. 

Source: EIG