WASHINGTON, June 14, 2011 /PRNewswire-USNewswire/ -- TCW Energy Partners, LLC, a company focused on investments in global energy and infrastructure, announced that it has changed its name to Gateway Energy & Resource Holdings, LLC (Gateway). The name change was necessitated by the recent spin-out of EIG, the manager of the company, from TCW.
The company also announced the appointment of Wallace C. Henderson as President of Gateway and as a Managing Director of EIG. Mr. Henderson has 25 years of experience in energy and infrastructure finance on Wall Street, primarily with Credit Suisse and UBS Investment Bank. Most recently he was a senior executive with Coskata, Inc., a company active in alternative energy. In addition to involvement in origination of new investment opportunities for Gateway, Mr. Henderson will be the point person as the company pursues potential strategic alternatives and enhanced liquidity.
R. Blair Thomas, Chairman and Chief Executive Officer of Gateway, said, "We are very pleased to attract someone of Wallace's standing in the industry to help lead Gateway as we pursue the next chapter in its growth. With three years of solid operating performance behind it we believe that Gateway is well-positioned for the future. We have big plans for Gateway as we seek to build it into the preeminent global energy investment vehicle and Wallace will be instrumental in this effort."
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.
EIG Global Energy Partners is a leading institutional investor to the global energy sector with $9.6 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, and is in the process of opening an office in Hong Kong.
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. Any forward-looking statements are as of the date hereof, and we have no duty to update them if our views later change.
For more information, visit www.eigpartners.com or contact Katherine Klein at APCO Worldwide at 202-
478-3714 or firstname.lastname@example.org.
SOURCE EIG Global Energy Partners, LLC