How you make money
Equity growth
Buy in post-permit, sell at financial close
Capital funds late-stage development of two 1000 MW plants. The exit is a sale to an institutional buyer at financial close, with investor capital plus returns paid at close. Buyout option at 2x MOIC anytime before month 24.
2x
Equity multiple
41%
Projected IRR
24 mo
Hold period
Sale
Exit strategy
How the deal works
The fund buys into two 1000 MW natural gas power plants in Houston's ERCOT zone at the late-development stage, after air permits, grid connection, gas supply, and the EPC contractor are already secured. Investor capital funds final interconnection, EPC, and closing activities. The plants are then sold to an institutional buyer at financial close, returning capital plus profit in roughly 24 months.
AI and reshoring are driving the fastest Texas power demand in decades
Goldman Sachs forecasts a 160% increase in data center electricity demand by 2030. ERCOT projects 85% demand growth by 2032 and 152 GW of new demand by 2030 against a current grid of 103 GW. AI, manufacturing reshoring, and Texas population growth are converging at once.
Two permitted 1000 MW plants with the binary risks cleared
Austin County and Wharton County Energy Centers each carry secured air permits, approved grid connection, a construction contractor, gas turbine supply, and a guaranteed gas supply contract with one of the world's top seven oil and gas companies. Each plant powers roughly 1,000,000 homes.
Individuals normally miss the most lucrative pre-construction stage
Institutional investors typically monopolize energy infrastructure. Public markets offer only fully valued utilities with single-digit returns. The post-permit, pre-construction stage holds the premium returns and is usually reserved for billion-dollar institutions.
Exit to institutional buyers at financial close in about 24 months
Previous projects from this team sold to institutions like Ares Management and Blackstone. The fund sells into the same institutional demand at financial close, returning investor capital plus profit, with a first right to roll into future projects.
About the sponsor
12
Power-plant projects exited
$5B+
Energy infrastructure transacted
$1M+
GP personal capital committed
Prior projects sold to major institutions like Ares Management and Blackstone.
Peter Perri
Managing Partner
20 years in energy infrastructure, power markets, and capital raising. Former investment banker; founder of Energy.Media. Helped raise and deploy over $60M in energy. Works with majors including NextEra, Xcel Energy, and Baker Hughes.
Vince Palmieri
Managing Partner
25+ years of strategic advisory and investment banking. Deep across clean power, mobility infrastructure, and hydrogen. Led M&A, private placements, and strategic capital raises.
What you should know
What should I weigh?+
- No returns are promised or guaranteed; projections may not be realized.
- Returns depend on a successful sale to an institutional buyer at financial close.
- Development-stage assets carry execution risk despite secured permits and contracts.
- Capital is illiquid until exit, with a target term of approximately 24 months.
- Open to accredited US investors only.
When do investors get paid?+
Investor capital plus returns is paid at financial close, when the plants are sold to an institutional buyer. The term is approximately 24 months. A buyout option at 2x MOIC is available anytime before month 24.
How does the profit split work?+
Investors receive an 8% preferred return first, followed by a 10% GP catch-up. Profits are then split 80/20 up to a 20% IRR, and 50/50 above a 20% IRR.
Why natural gas?+
Natural gas is the leading US electricity source. It provides on-demand power unlike intermittent renewables, can ramp quickly to meet variable data center demand, and is far cheaper in the US than in China or Europe.
