HGI launches energy and infra investment firm

Harbinger Group has launched Energy and Infrastructure Capital, a debt investment manager focusing on the global energy and infrastructure sectors.

New York-listed Harbinger Group (HGI) has launched Energy and Infrastructure Capital (EIC), a debt capital investment manager specialising in direct lending to companies in the global energy and infrastructure sectors, according to a statement.

The new company, based in Stamford, Connecticut, is led by Jerry Polacek, former managing director of GE Capital Energy Financial Services.

As EIC’s chief executive and chief investment officer, Polacek will be responsible for leading all aspects of the firm’s investment activity and strategy as well as overall management of EIC.

Matthew Ordway, former chief financial officer at Ridgeline Energy, will serve as EIC’s chief financial and chief operating officer.

According to the statement, EIC will focus on power and renewables, oil and gas, regulated utilities, transportation, water, and telecoms primarily in OECD (Organisation for Economic Cooperation and Development) countries.

“EIC fits seamlessly with HGI’s strategy of investing in valuable businesses and is an important build out of our financial services vertical, which includes Salus Capital Partners and Five Island Asset Management,” HGI’s managing director of investments Phil Gass said.

Headquartered in New York, Harbinger Group is a diversified holding company that is principally focused on acquiring controlling and other equity stakes in businesses across a range of industries.

Photo by Neil Beckerman.