LS POWER EQUITY ADVISORS, LLC
LS POWER EQUITY ADVISORS, LLC is a Series C+, buyout and other fund in the US writing $100M–$500M checks into power-generation, energy-infrastructure, renewable-energy, renewable-fuels, battery-storage, electrification-infrastructure and distributed-energy-resources.
- Stages
- Series C+, buyout, other
- Sectors
- power-generation, energy-infrastructure, renewable-energy, renewable-fuels, battery-storage, electrification-infrastructure, distributed-energy-resources
- Check size
- $100M–$500M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2005
- Assets under management
- $13.69B
- Website
- lspower.com
Thesis
LS Power Equity Advisors (LSPE), founded in 2005, is a North American investment manager specializing in the power and energy infrastructure sector. Their strategy involves acquiring and improving operating power generation assets, developing new energy infrastructure, and scaling energy-related platforms. LSPE takes a contrarian approach, often focusing on existing grid assets due to increasing electricity demand from data centers, EVs, and manufacturing, rather than solely new renewable development. Their investments are control-oriented private equity deals, including direct asset acquisitions, securities investments, and joint ventures. They also pursue opportunities in distributed energy resources and their value chains. LSPE has raised approximately $13.4 billion in committed equity capital across its funds, with LS Power Equity Partners V closing at $2.7 billion in July 2024. Their AUM was approximately $13.69 billion as of December 31, 2025. Investments for Fund V range from $100 million to $500 million. In May 2025, NRG Energy Inc. agreed to acquire a portfolio of natural gas generation facilities and a C&I VPP platform from LS Power for approximately $12.0 billion.
Common questions
Does LS POWER EQUITY ADVISORS, LLC invest at the Series C+ stage?
Yes. LS POWER EQUITY ADVISORS, LLC lists Series C+, buyout and other among the stages it invests in.
What check size does LS POWER EQUITY ADVISORS, LLC write?
LS POWER EQUITY ADVISORS, LLC writes $100M–$500M checks.
Where does LS POWER EQUITY ADVISORS, LLC invest?
LS POWER EQUITY ADVISORS, LLC invests in the US.