Elda River
Institutional investorHouston · 19 people tracked
Also known as Elda River Capital Management, Llc · Elda River Zilker AV1 LLC
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.
Source: firm website, verified Aug 25, 2026.
Team · 19 people
from the firm's website
What they invest in
from 3 of 5 portfolio companiesEnergy ×3Cleantech ×2Climate Tech ×2
HQs:United States×2
Investments · 5 tracked
founders shown can be your intro pathDouble Eagle Energy V is an oil and gas company that acquires leasehold interests and mineral royalties and pursues development projects, focused on the Permian Basin and operating across Texas, the Rockies, and the Mid-Continent.
EnergyFort Worth, US
Co-investorsEnCap Energy Transition
Lightstar Renewables is an independent power producer that develops, builds, and operates community solar, agrivoltaics, and battery storage projects, providing income to landowners, bill savings to subscribers, and tax revenue to municipalities.
CleantechClimate TechEnergyBoston, US
Diversified, investment-grade midstream company operating energy infrastructure and logistics assets across North America.
Spearmint Energy develops and operates battery energy storage systems to address the intermittency and price volatility of renewable energy sources like solar and wind.
CleantechClimate TechEnergy
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| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Elda River Opportunities Fund II LLCLPs: Texas Municipal Retirement System | — | — | 10.9% | 1.58x | 1.58x |
| Elda River Opportunities Fund III LLCLPs: Texas Municipal Retirement System | — | — | 24.1% | 1.82x | 1.27x |
| Elda River Opportunities Fund IV LLCLPs: Texas Municipal Retirement System | — | — | 0.5% | 1.01x | 0.02x |
| Elda River Zilker AV1 LLCLPs: Texas Municipal Retirement System | — | — | 6.8% | 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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