EIG Global Energy Partners to Open New Office in Hong Kong
WASHINGTON, D.C. – November 8, 2011 – EIG Global Energy Partners (EIG) today announced the opening of its fifth office, to be established in Hong Kong in early 2012. The new Hong Kong office will strategically position EIG to take advantage of opportunities for investments in energy, resources and related infrastructure fueled by demand growth in Asia. "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," said EIG Chief Executive Officer, R. Blair Thomas. "EIG has been cultivating partnerships and investing in emerging markets for nearly two decades and a physical presence in Hong Kong is a natural evolution for EIG's global platform. We are also fortunate to have significant client relationships in the region that we can better serve from Hong Kong."
The new office will be 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 employees will be relocating to Hong Kong from EIG's Washington, DC headquarters and the firm plans on making 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 Global Energy Partners is a leading institutional investor to the global energy sector with $9.2 billion under management as of quarter end September 30, 2011. 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 29-year history, EIG has invested over $11 billion in the sector through more than 260 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, and Sydney.