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Elda River

Institutional investor

Houston · 19 people tracked

Also known as Elda River Capital Management, Llc · Elda River Zilker AV1 LLC

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Investment thesis

Elda River invests in businesses powering the global economy, with a focus on energy and energy infrastructure. The firm employs a differentiated approach centered on direct sourcing and strong alignment with talented executives. It has committed over $7.4 billion of capital across 74 investments since inception, deploying capital across multiple end markets and successfully navigating multiple investment cycles on behalf of large institutional investors including pension funds, insurance companies, and endowments. The senior team brings decades of combined experience helping companies drive growth, manage risk, and achieve commercial success, benefiting from significant continuity having worked together for over 18 years.

Invests inEnergyGlobalHouston

Source: firm website, verified Aug 6, 2026.

HQ
Houston, TX, US
Instruments
Equity
Tracked investments
4

Team · 19 people

from the firm's website
Adam Daley· Managing Partner
Eric Scheyer· Managing Partner
Craig Rohr· Partner
Guy Perkins· Managing Director
Michael Dean· Partner
Michael Wilds· Senior Managing Director
Simon Wu· Vice President
Zachary Smith· Vice President
Bob Kent· Operating Partner
Dain DeGroff· Operating Partner
Michael Morgan· Operating Partner
Alec Litowitz· Senior Advisor
Brian Beglin· Controller & Tax Director
Courtney Kozel· Head of Business Development & Partner
Ethan Stanley· Associate
Grace Kim-E· Vice President, Investor Relations
Meg Cutting· Office Manager & Executive Assistant
Steve Settles· Chief Financial Officer & Partner
Timothy Nolan· General Counsel & Chief Compliance Officer

Investments · 4 tracked

founders shown can be your intro path
Lightstar

Developer and owner-operator of community solar projects across the United States.

MPLX

Diversified, investment-grade midstream company operating energy infrastructure and logistics assets across North America.

Spearmint Energy

North American developer, owner and operator of utility-scale battery energy storage systems.

Vesper

North American developer, owner and operator of utility-scale solar and energy storage assets.

Fund performance · per public LP disclosures · 4

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Elda River Opportunities Fund II LLCLPs: Texas Municipal Retirement System10.9%1.58x1.58x
Elda River Opportunities Fund III LLCLPs: Texas Municipal Retirement System24.1%1.82x1.27x
Elda River Opportunities Fund IV LLCLPs: Texas Municipal Retirement System0.5%1.01x0.02x
Elda River Zilker AV1 LLCLPs: Texas Municipal Retirement System6.8%1.18x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does Elda River focus on?
Elda River focuses on Energy.
Where is Elda River located?
Elda River is headquartered in Houston, US.

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