Gateway Energy & Resource Holdings Reports Quarterly Results and Declares Distribution

WASHINGTON, Aug. 23, 2011 /PRNewswire/ -- Gateway Energy & Resource Holdings, LLC (formerly known as TCW Energy Partners, LLC, "Gateway"), a company focused on investments in global energy and infrastructure, announced its operating results and earnings for the quarterly period from April 1, 2011 to June 30, 2011.

At June 30, 2011, Gateway had total net asset value of $208.5 million, or $17.67 per common unit, an increase of $0.07 per common unit from its post distribution net asset value at March 31, 2011, and a $2.94 increase from its net asset value on December 19, 2007 (inception), if adjusted for the $4.90 per common unit of distributions paid since inception.

Gateway generated net investment income of $2.9 million, or $0.24 per common unit for the second quarter and $9.3 million, or $0.79 per common unit for the year-to-date period ending June 30, 2011. Gateway also incurred minimal realized losses of $0.2 million (after tax), or $0.02 per common unit for the second quarter, and generated realized gains of $0.5 million (after tax), or $0.05 per common unit for the year-to-date period, resulting in net realized earnings for the quarter and year-to-date period ending June 30, 2011 of $2.7 million, or $0.22 per common unit and $9.8 million, or $0.84 per common unit, respectively. Gateway also incurred unrealized losses (after tax) of $1.9 million, or $0.15 per common unit for the second quarter and $13.0 million, or $1.11 per common unit for the year-to-date period. Gateway reported a net profit of $0.8 million, or $0.07 per common unit for the second quarter and a net loss of $3.2 million, or $0.27 per common unit for the period from January 1, 2011 to June 30, 2011.

The Board of Directors of Gateway has declared a distribution of $0.45 per common unit or 2.25% of our equity capital for the second quarter of 2011. The distribution is payable on September 1, 2011, to unitholders of record on the close of business on August 23, 2011.

Gateway's most recently issued financial statements are available to qualified investors at www.rule144a.com.  R. Blair Thomas, Chairman and Chief Executive Officer of Gateway said: "We are pleased to report that Gateway has delivered another quarter of solid operating results. We have approved a quarterly distribution of $0.45 per common unit for the second quarter, taking our distributions since inception to $5.35 and continuing our uninterrupted history of quarterly distributions. At the same time, Gateway is actively pursuing various capital raising and unit-holder liquidity alternatives including a potential public listing of its units outside the United States."

About Gateway

Gateway seeks to provide investors current income, as well as long-term capital appreciation, by participating in multiple funds and direct investments managed by EIG Global Energy Partners (EIG). Gateway is listed on GSTrUE, an electronic platform for private placements managed by Goldman Sachs. Gateway is a permanent capital vehicle formed in 2007 to expand the universe of investors that have access to private alternative investments advised or managed by EIG.

About EIG

EIG Global Energy Partners is a leading institutional investor to the global energy sector with $9.4 billion currently under management. EIG specializes in private investments in energy, energy-related infrastructure and resources 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, D.C., with offices in Houston, London, and Sydney.

Disclaimer

This release may contain "forward-looking statements" within the meaning of the federal securities laws. Actual results could differ materially from those contemplated by these forward-looking statements due to a number of factors, including general economic conditions, market conditions and risks associated with companies and industries of the type that Gateway invests in. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

For more information, visit www.eigpartners.com.

SOURCE EIG Global Energy Partners