Partners Group to acquire a portfolio of energy transition-focused assets from Avenue Golden Continuation Fund for $2.2bn.

Partners Group, a private equity firm, agreed to acquire a portfolio of energy transition-focused assets from Avenue Golden Continuation Fund, a fund managed by Avenue and operated by Middle River Power, for $2.2bn. "We have been pleased to work with Middle River over the last nine years to develop a purpose-built energy transition business that delivers reliable, affordable, and lower carbon power to support the ongoing, multi-decade energy transition. Over this time, we have repositioned the business from a collection of largely-merchant thermal assets to a highly-contracted energy transition business that is poised for future growth. We wish the Middle River team continued success with Partners Group, as we at Avenue look forward to continuing to optimize and transition our existing and future power investments in the rapidly evolving U.S. power markets," Craig Hart, Avenue Golden Fund Senior Portfolio Manager.