About
Investing in the assets that keep the grid reliable.
Who is EverGen
EverGen Power
EverGen Power is an investment and asset management platform focused on acquiring, optimizing, and growing critical power generation infrastructure across North America. We invest in assets that play an essential role in grid reliability, energy security, and meeting rising electricity demand, particularly in competitive power markets.
Combining deep operational expertise with sophisticated investment capabilities, EverGen takes a hands-on approach to value creation, leveraging decades of experience across acquisitions, commercial strategy, operations, and capital allocation. Our leadership team has a proven track record of enhancing asset performance, executing complex transactions, and identifying opportunities for operational, commercial, and strategic improvement.
Through active asset management and disciplined investment, we invest in and manage high-quality power assets positioned to support the evolving needs of the electric grid.
Financial sponsor
Strategic Value Partners
Strategic Value Partners ("SVP") is a leading global alternative investment firm focused on opportunistic credit and private equity investments across North America and Europe. Founded in 2001 by Victor Khosla, SVP manages approximately $21 billion of assets and has invested more than $53 billion of capital since inception. The firm operates from offices in Greenwich, New York, London, and Tokyo and is supported by more than 100 investment professionals globally.
In 2024, SVP partnered with the former leadership team of GenOn Holdings to launch EverGen Power, a platform focused on investing in and managing power generation assets across North America. The partnership builds on a longstanding relationship established through GenOn, an SVP-controlled portfolio company, where members of the EverGen leadership team worked closely with SVP for nearly a decade.
SVP brings more than two decades of experience investing in the power sector, including approximately $3 billion invested across 33 power-related transactions since 2008. SVP's global platform, capital markets expertise, and flexible investment capabilities complement EverGen's operating experience and strengthen the platform's ability to pursue complex transactions across the North American power sector.
Our strategy
Generation assets, active management, attractive risk-adjusted returns.
Our approach is centered on generation assets that play a critical role in grid reliability. We seek opportunities where our deep operational expertise and commercial insight provide a competitive advantage, and where active asset management can unlock long-term value.
Gas-fired generation
Merchant and partially contracted gas-fired generation, including combined cycle, peaking, and cogeneration facilities.
Renewable energy
Renewable energy assets, including solar, wind, energy storage, and other technologies supporting the evolving power grid.
Complex transactions
Situations involving capital structure, ownership, operational, or contractual complexity where specialized expertise and creative solutions can unlock value.
Flexible capital
Minority investments, control acquisitions, joint ventures, recapitalizations, and other customized transaction structures.